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NASDAQ: SOVO
Sovos Brands Inc Stock Forecast, Predictions & Price Target

OverviewForecast
EarningsDividendOwnership

Analyst price target for SOVO

Based on 6 analysts offering 12 month price targets for Sovos Brands Inc.
Min Forecast
$16.00-13.14%
Avg Forecast
$20.33+10.39%
Max Forecast
$24.00+30.29%

Should I buy or sell SOVO stock?

Based on 6 analysts offering ratings for Sovos Brands Inc.
Strong Buy
Strong Buy
4 analysts 66.67%
Buy
1 analysts 16.67%
Hold
1 analysts 16.67%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

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SOVO stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
Barclays
Top 44%
57
Strong BuyMaintains$22.00+19.44%2023-05-12
Loop Capital
Top 26%
75
Strong BuyMaintains$24.00+30.29%2023-05-11Find out why
Stifel Nicolaus
Top 22%
79
Strong BuyMaintains$21.00+14.01%2023-05-11Find out why
Telsey Advisory Group
Bottom 12%
12
BuyMaintains$22.00+19.44%2023-05-11
Piper Sandler
Top 4%
97
Strong BuyMaintains$17.00-7.71%2023-03-09Find out why
UBS
Bottom 14%
14
HoldDowngrades$16.00-13.14%2022-12-08

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Forecast return on equity

Is SOVO forecast to generate an efficient return?
Company
17.18%
Industry
20.61%
Market
13.12%
SOVO's Return on Equity is... subscribe to Premium to read more.
Forecast High Return on Equity Forecast

Forecast return on assets

Is SOVO forecast to generate an efficient return on assets?
Company
7.21%
Industry
7.45%
SOVO is forecast to generate... subscribe to Premium to read more.
Forecast Return on Assets vs Industry Forecast

SOVO revenue growth forecast

How is SOVO forecast to perform vs Packaged Foods companies and vs the US market?
Company
-2.5%
Industry
3%
Market
17.3%
SOVO's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
SOVO's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

SOVO vs Food Stocks

TickerPricePrice TargetUp/downsideConsensus
SOVO$18.42$20.33+10.39%Strong Buy
CENT$36.70$45.00+22.62%Strong Buy
BRFS$1.56$1.50-3.85%Hold
MGPI$94.52$123.00+30.13%Strong Buy
UTZ$16.45$19.50+18.54%Hold
View Top Food Stocks

Sovos Brands Stock Forecast FAQ

Is Sovos Brands Stock a good buy in 2023, according to Wall Street analysts?

The consensus among 6 Wall Street analysts covering (NASDAQ: SOVO) stock is to Strong Buy SOVO stock.

Out of 6 analysts, 4 (66.67%) are recommending SOVO as a Strong Buy, 1 (16.67%) are recommending SOVO as a Buy, 1 (16.67%) are recommending SOVO as a Hold, 0 (0%) are recommending SOVO as a Sell, and 0 (0%) are recommending SOVO as a Strong Sell.

If you're new to stock investing, here's how to buy Sovos Brands stock.

What is SOVO's forecast return on equity (ROE) for 2023-2024?

(NASDAQ: SOVO) forecast ROE is 17.18%, which is considered weak.

What is SOVO's Price Target?

According to 6 Wall Street analysts that have issued a 1 year SOVO price target, the average SOVO price target is $20.33, with the highest SOVO stock price forecast at $24.00 and the lowest SOVO stock price forecast at $16.00.

On average, Wall Street analysts predict that Sovos Brands's share price could reach $20.33 by May 12, 2024. The average Sovos Brands stock price prediction forecasts a potential upside of 10.39% from the current SOVO share price of $18.42.

What is SOVO's forecast return on assets (ROA) for 2023-2024?

(NASDAQ: SOVO) forecast ROA is 7.21%, which is lower than the forecast US Packaged Foods industry average of 7.45%.
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