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The Simply Good Foods Co has a consensus price target of $40.6 based on the ratings of 15 analysts. The high is $46 issued by Citigroup on July 10, 2023. The low is $34 issued by TD Cowen on April 22, 2024. The 3 most-recent analyst ratings were released by DA Davidson, Needham, and Deutsche Bank on July 1, 2024, June 28, 2024, and June 14, 2024, respectively. With an average price target of $38.67 between DA Davidson, Needham, and Deutsche Bank, there's an implied 19.82% upside for The Simply Good Foods Co from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Simply Good Foods (NASDAQ:SMPL) was reported by DA Davidson on July 1, 2024. The analyst firm set a price target for $38.00 expecting SMPL to rise to within 12 months (a possible 17.76% upside). 22 analyst firms have reported ratings in the last year.
The latest analyst rating for Simply Good Foods (NASDAQ:SMPL) was provided by DA Davidson, and Simply Good Foods maintained their neutral rating.
The last upgrade for The Simply Good Foods Co happened on September 18, 2023 when Morgan Stanley raised their price target to $40. Morgan Stanley previously had an equal-weight for The Simply Good Foods Co.
The last downgrade for The Simply Good Foods Co happened on January 2, 2024 when Deutsche Bank changed their price target from N/A to $42 for The Simply Good Foods Co.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Simply Good Foods, 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 Simply Good Foods was filed on July 1, 2024 so you should expect the next rating to be made available sometime around July 1, 2025.
While ratings are subjective and will change, the latest Simply Good Foods (SMPL) rating was a maintained with a price target of $35.00 to $38.00. The current price Simply Good Foods (SMPL) is trading at is $32.27, which is out of the analyst’s predicted range.
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