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Sovos Brands Inc
NASDAQ:SOVO

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Sovos Brands Inc Logo
Sovos Brands Inc
NASDAQ:SOVO
Watchlist
Price: 22.98 USD
Updated: Apr 19, 2024

Wall Street
Price Targets

SOVO Price Targets Summary
Sovos Brands Inc

Wall Street analysts forecast SOVO stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for SOVO is 23.23 USD with a low forecast of 21.21 USD and a high forecast of 25.2 USD.

Lowest
Price Target
21.21 USD
8% Downside
Average
Price Target
23.23 USD
1% Upside
Highest
Price Target
25.2 USD
10% Upside

SOVO Last Price Targets
Sovos Brands Inc

The latest public price target was made on Feb 29, 2024 by Sarang Vora from Telsey Advisory , who expects SOVO stock to rise by 0% over the next 12 months. You can read more about this price target by viewing the article on StreetInsider.

Analyst Price Target Date Article
Sarang Vora
Telsey Advisory
23 USD
Upside 0%
1 month ago
Feb 29, 2024
Telsey Upgrades Sovos Brands Inc (SOVO) to Outperform
StreetInsider
Matt McGinley
Needham
22.5 USD
Downside 2%
8 months ago
Aug 8, 2023
Sovos Brands Acquisition By Campbell Soup: Analyst Drops To 'Hold' Amid Premium Deal Insights
Benzinga
Jim Salera
Stephens
23 USD
Upside 0%
9 months ago
Jun 23, 2023
SOVO's Diversified Portfolio Poised For Growth Amid Rising Interest In BFY Products, Analyst Predicts
Benzinga
Sarang Vora
Telsey Advisory
Price Target 23 USD
Upside/Downside 0%
View Source
Matt McGinley
Needham
Price Target 22.5 USD
Upside/Downside 2%
View Source
Jim Salera
Stephens
Price Target 23 USD
Upside/Downside 0%
View Source
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Revenue
Forecast

Revenue Estimate
Sovos Brands Inc

For the last 3 years the compound annual growth rate for Sovos Brands Inc's revenue is 22%. The projected CAGR for the next 2 years is 12%.

22%
Past Growth
12%
Estimated Growth
Estimates Accuracy
1%
Average Beat

Operating Income
Forecast

Operating Income Estimate
Sovos Brands Inc

For the last 3 years the compound annual growth rate for Sovos Brands Inc's operating income is 20%. The projected CAGR for the next 2 years is 50%.

20%
Past Growth
50%
Estimated Growth
Estimates Accuracy
-42%
Average Miss

Net Income
Forecast

Net Income Estimate
Sovos Brands Inc

For the last 3 years the compound annual growth rate for Sovos Brands Inc's net income is 41%. The projected CAGR for the next 2 years is 98%.

41%
Past Growth
98%
Estimated Growth
Estimates Accuracy
N/A
Average

See Also

Discover More
Why do you have more estimates than other sites?

Our estimates are sourced from the pool of sell-side and buy-side analysts that we have access to. What is available on other sites you are seeing are mostly from the sell-side analysts.

What is SOVO's stock price target?
Price Target
23.23 USD

According to Wall Street analysts, the average 1-year price target for SOVO is 23.23 USD with a low forecast of 21.21 USD and a high forecast of 25.2 USD.

What is Sovos Brands Inc's Revenue forecast?
Projected CAGR
12%

For the last 3 years the compound annual growth rate for Sovos Brands Inc's revenue is 22%. The projected CAGR for the next 2 years is 12%.

What is Sovos Brands Inc's Operating Income forecast?
Projected CAGR
50%

For the last 3 years the compound annual growth rate for Sovos Brands Inc's operating income is 20%. The projected CAGR for the next 2 years is 50%.

What is Sovos Brands Inc's Net Income forecast?
Projected CAGR
98%

For the last 3 years the compound annual growth rate for Sovos Brands Inc's net income is 41%. The projected CAGR for the next 2 years is 98%.