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First Watch Restaurant Group Inc has a consensus price target of $22.92 based on the ratings of 13 analysts. The high is $32 issued by Citigroup on March 6, 2024. The low is $17 issued by Cowen & Co. on November 7, 2022. The 3 most-recent analyst ratings were released by Stephens & Co., Barclays, and Piper Sandler on November 13, 2024, November 11, 2024, and November 11, 2024, respectively. With an average price target of $24 between Stephens & Co., Barclays, and Piper Sandler, there's an implied 28.96% upside for First Watch Restaurant Group Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for First Watch Restaurant Gr (NASDAQ:FWRG) was reported by Stephens & Co. on November 13, 2024. The analyst firm set a price target for $25.00 expecting FWRG to rise to within 12 months (a possible 34.33% upside). 31 analyst firms have reported ratings in the last year.
The latest analyst rating for First Watch Restaurant Gr (NASDAQ:FWRG) was provided by Stephens & Co., and First Watch Restaurant Gr reiterated their overweight rating.
The last upgrade for First Watch Restaurant Group Inc happened on October 18, 2023 when Raymond James raised their price target to $22. Raymond James previously had an outperform for First Watch Restaurant Group Inc.
The last downgrade for First Watch Restaurant Group Inc happened on January 4, 2024 when Stifel changed their price target from $22 to $20 for First Watch Restaurant Group Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of First Watch Restaurant Gr, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for First Watch Restaurant Gr was filed on November 13, 2024 so you should expect the next rating to be made available sometime around November 13, 2025.
While ratings are subjective and will change, the latest First Watch Restaurant Gr (FWRG) rating was a reiterated with a price target of $25.00 to $25.00. The current price First Watch Restaurant Gr (FWRG) is trading at is $18.61, which is out of the analyst’s predicted range.
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