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First Watch Restaurant Group (FWRG) Stock Forecast & Price Target

$15.18
-0.23 (-1.49%)
(As of 04:27 PM ET)

First Watch Restaurant Group - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Based on 6 Wall Street analysts who have issued ratings for First Watch Restaurant Group in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 6 analysts, 2 have given a hold rating, 3 have given a buy rating, and 1 has given a strong buy rating for FWRG.

Consensus Price Target

$24.00
58.10% Upside
High Forecast$32.00
Average Forecast$24.00
Low Forecast$18.00

According to the 6 analysts' twelve-month price targets for First Watch Restaurant Group, the average price target is $24.00. The highest price target for FWRG is $32.00, while the lowest price target for FWRG is $18.00. The average price target represents a forecasted upside of 58.10% from the current price of $15.18.

TypeCurrent Forecast
7/24/23 to 7/23/24
1 Month Ago
6/24/23 to 6/23/24
3 Months Ago
4/25/23 to 4/24/24
1 Year Ago
7/24/22 to 7/24/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy
Strong Buy
1 Strong Buy rating(s)
1 Strong Buy rating(s)
1 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
3 Buy rating(s)
3 Buy rating(s)
3 Buy rating(s)
5 Buy rating(s)
Hold
2 Hold rating(s)
2 Hold rating(s)
2 Hold rating(s)
3 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$24.00$24.83$26.00$20.00
Forecasted Upside58.10% Upside15.51% Upside13.83% Upside22.00% Upside
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FWRG Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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FWRG Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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First Watch Restaurant Group Stock vs. The Competition

TypeFirst Watch Restaurant GroupRetail/Wholesale CompaniesS&P 500
Consensus Rating Score
2.83
2.46
2.51
Consensus RatingModerate BuyHoldModerate Buy
Predicted Upside55.74% Upside55.30% Upside9.26% Upside
News Sentiment RatingNeutral News
Neutral News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/17/2024Bank of America
4 of 5 stars
 Lower TargetBuy ➝ Buy$29.00 ➝ $24.00+51.04%
7/17/2024TD Cowen
4 of 5 stars
 Lower TargetHold ➝ Hold$21.00 ➝ $18.00+10.43%
7/2/2024Stifel Nicolaus
4 of 5 stars
 Lower TargetHold ➝ Hold$22.00 ➝ $18.00+6.19%
5/8/2024Barclays
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 Lower TargetOverweight ➝ Overweight$29.00 ➝ $27.00+24.83%
3/6/2024Citigroup
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 Boost TargetBuy ➝ Buy$24.00 ➝ $32.00+30.19%
1/25/2024Raymond James
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 Boost TargetStrong-Buy ➝ Strong-Buy$23.00 ➝ $25.00+17.43%
7/17/2023Piper Sandler
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 Initiated CoverageOverweight$22.00+20.42%
5/3/20233M
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 Reiterated RatingMaintains
11/15/2022Cowen
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 Lower Target$17.00+10.89%
8/10/2022The Goldman Sachs Group
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 Boost TargetBuy$19.00 ➝ $21.00+16.86%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 04:49 PM ET.

FWRG Forecast - Frequently Asked Questions

What is First Watch Restaurant Group's forecast for 2024?

According to the research reports of 6 Wall Street equities research analysts, the average twelve-month stock price forecast for First Watch Restaurant Group is $24.00, with a high forecast of $32.00 and a low forecast of $18.00.

Should I buy or sell First Watch Restaurant Group stock right now?

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for First Watch Restaurant Group in the last year. There are currently 2 hold ratings, 3 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" FWRG shares.

Does First Watch Restaurant Group's stock price have much upside?

According to analysts, First Watch Restaurant Group's stock has a predicted upside of 23.46% based on their 12-month stock forecasts.

What analysts cover First Watch Restaurant Group?

First Watch Restaurant Group has been rated by research analysts at Bank of America, Barclays, Stifel Nicolaus, and TD Cowen in the past 90 days.

Do Wall Street analysts like First Watch Restaurant Group more than its competitors?

Analysts like First Watch Restaurant Group more than other "retail/wholesale" companies. The consensus rating for First Watch Restaurant Group is Moderate Buy while the average consensus rating for "retail/wholesale" companies is Hold. Learn more on how FWRG compares to other companies.


This page (NASDAQ:FWRG) was last updated on 7/23/2024 by MarketBeat.com Staff

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