Analysts Slash Sprouts Farmers Market Targets to $110 and $83, Warn of 8%-12% Downside
On February 12, Wells Fargo cut Sprouts Farmers Market’s price target to $110 from $135, citing a Q4 outlook and weak first-half sales and second-half recovery. On February 10, Evercore ISI trimmed its price target to $83 from $130, tagged Tactical Underperform and forecast an 8%-12% downside into Q4 earnings.
1. Wells Fargo Price Target Adjustment
On February 12, Wells Fargo cut its price target on Sprouts Farmers Market to $110 from $135 and maintained an Overweight rating. The firm noted a mixed Q4 setup, anticipated weak first-half sales in FY26 and highlighted potential for a second-half recovery.
2. Evercore ISI Forecast
On February 10, Evercore ISI trimmed its price target to $83 from $130, kept an Outperform rating and added the stock to a Tactical Underperform list. Evercore projected an 8%-12% downside into the upcoming Q4 earnings and lowered calendar 2026 comp and EPS expectations following Q4 data and a New York store visit.
3. Company Profile and Outlook
Sprouts Farmers Market is a specialty natural and organic food retailer offering organic, plant-based and gluten-free products. Analysts view the company’s long-term exposure to healthy eating trends positively but caution that soft early-year sales may pressure near-term results before potential back-half recovery in FY26.