Sovos Brands (SOVO) Stock Forecast, Price Target & Predictions
SOVO Stock Forecast
Sovos Brands stock forecast is as follows: an average price target of $21.13 (represents a -8.05% downside from SOVO’s last price of $22.98) and a rating consensus of 'Buy', based on 2 wall street analysts offering a 1-year stock forecast.
SOVO Price Target
The average price target for Sovos Brands (SOVO) is $21.13 based on 1-year price targets from 2 Wall Street analysts in the past 3 months, with a price target range of $23.00 to $16.00. This represents a potential -8.05% downside from SOVO's last price of $22.98.
SOVO Analyst Ratings
According to 2 Wall Street analysts, Sovos Brands's rating consensus is 'Buy'. The analyst rating breakdown for SOVO stock is 0 'Strong Buy' (0.00%), 1 'Buy' (50.00%), 1 'Hold' (50.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Sovos Brands Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Feb 29, 2024 | Sarang Vora | Telsey Advisory | $23.00 | $22.62 | 1.68% | 0.09% |
| Aug 08, 2023 | Matt Mcginley | Needham | $22.50 | $22.52 | -0.09% | -2.09% |
| Jun 23, 2023 | Jim Salera | Stephens | $23.00 | $19.41 | 18.53% | 0.09% |
| Dec 08, 2022 | - | UBS | $16.00 | $13.22 | 21.03% | -30.37% |
The latest Sovos Brands stock forecast, released on Feb 29, 2024 by Sarang Vora from Telsey Advisory, set a price target of $23.00, which represents a 1.68% increase from the stock price at the time of the forecast ($22.62), and a 0.09% increase from SOVO last price ($22.98).
Sovos Brands Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 1 |
| Avg Price Target | - | - | $23.00 |
| Last Closing Price | $22.98 | $22.98 | $22.98 |
| Upside/Downside | -100.00% | -100.00% | 0.09% |
In the current month, the average price target of Sovos Brands stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Sovos Brands's last price of $22.98. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Jun 23, 2023 | Stephens | - | Overweight | Initialise |
| Dec 08, 2022 | UBS | - | Neutral | Downgrade |
Sovos Brands's last stock rating was published by Stephens on Jun 23, 2023. The company Initialise its SOVO rating from "null" to "Overweight".
Sovos Brands Financial Forecast
Sovos Brands Revenue Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | $217.63M | $252.79M | $262.10M | $208.91M | $197.43M | $209.93M | $189.24M | $178.73M |
| Avg Forecast | $298.80M | $298.10M | $257.40M | $292.10M | $300.99M | $281.44M | $242.12M | $279.64M | $271.66M | $227.73M | $213.87M | $233.59M | $231.50M | $199.62M | $180.96M | $205.57M | $183.89M | $169.34M |
| High Forecast | $298.80M | $298.10M | $257.40M | $292.10M | $300.99M | $281.44M | $242.12M | $299.17M | $284.39M | $227.73M | $213.87M | $233.59M | $231.50M | $199.62M | $180.96M | $211.24M | $188.96M | $174.01M |
| Low Forecast | $298.80M | $298.10M | $257.40M | $292.10M | $300.99M | $281.44M | $242.12M | $266.26M | $261.54M | $227.73M | $213.87M | $233.59M | $231.50M | $199.62M | $180.96M | $201.78M | $180.49M | $166.22M |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 7 | 5 | 6 | 3 | 2 | 2 | 2 | 2 | 3 | 4 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | 1.02% | 1.08% | 1.13% | 1.05% | 1.09% | 1.02% | 1.03% | 1.06% |
Sovos Brands's average Quarter revenue forecast for Sep 23 based on 5 analysts is $227.73M, with a low forecast of $227.73M, and a high forecast of $227.73M. SOVO's average Quarter revenue forecast represents a 4.64% increase compared to the company's last Quarter revenue of $217.63M (Jun 23).
Sovos Brands EBITDA Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 7 | 5 | 6 | 3 | 2 | 2 | 2 | 2 | 3 | 4 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | $25.63M | $29.89M | $30.22M | $20.45M | $18.20M | $22.34M | $18.07M | $20.92M |
| Avg Forecast | $33.62M | $33.54M | $28.96M | $32.87M | $33.87M | $31.67M | $27.24M | $31.46M | $30.57M | $25.62M | $24.06M | $26.28M | $26.05M | $22.46M | $20.36M | $10.67M | $20.69M | $13.15M |
| High Forecast | $33.62M | $33.54M | $28.96M | $32.87M | $33.87M | $31.67M | $27.24M | $33.66M | $32.00M | $25.62M | $24.06M | $26.28M | $26.05M | $22.46M | $20.36M | $12.80M | $21.26M | $15.78M |
| Low Forecast | $33.62M | $33.54M | $28.96M | $32.87M | $33.87M | $31.67M | $27.24M | $29.96M | $29.43M | $25.62M | $24.06M | $26.28M | $26.05M | $22.46M | $20.36M | $8.53M | $20.31M | $10.52M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | 1.07% | 1.14% | 1.16% | 0.91% | 0.89% | 2.09% | 0.87% | 1.59% |
5 analysts predict SOVO's average Quarter EBITDA for Sep 23 to be $25.62M, with a high of $25.62M and a low of $25.62M. This is -0.04% lower than Sovos Brands's previous annual EBITDA (Jun 23) of $25.63M.
Sovos Brands Net Income Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 7 | 5 | 6 | 3 | 2 | 2 | 2 | 2 | 3 | 4 |
| Net Income | - | - | - | - | - | - | - | - | - | - | $5.39M | $7.85M | $-28.69M | $1.46M | $-30.29M | $4.06M | $-3.84M | $-4.61M |
| Avg Forecast | $24.96M | $26.00M | $24.96M | $26.00M | $25.17M | $21.67M | $20.46M | $21.50M | $20.94M | $15.57M | $13.60M | $15.21M | $16.76M | $14.37M | $9.08M | $3.38M | $11.71M | $-2.90M |
| High Forecast | $24.96M | $26.00M | $24.96M | $26.00M | $25.17M | $21.67M | $20.46M | $24.18M | $23.03M | $15.57M | $13.60M | $15.21M | $16.76M | $14.37M | $9.08M | $4.06M | $12.13M | $-2.32M |
| Low Forecast | $24.96M | $26.00M | $24.96M | $26.00M | $25.17M | $21.67M | $20.46M | $20.60M | $17.80M | $15.57M | $13.60M | $15.21M | $16.76M | $14.37M | $9.08M | $2.70M | $11.43M | $-3.48M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | 0.40% | 0.52% | -1.71% | 0.10% | -3.34% | 1.20% | -0.33% | 1.59% |
Sovos Brands's average Quarter net income forecast for Sep 23 is $15.57M, with a range of $15.57M to $15.57M. SOVO's average Quarter net income forecast represents a 188.87% increase compared to the company's last Quarter net income of $5.39M (Jun 23).
Sovos Brands SG&A Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 7 | 5 | 6 | 3 | 2 | 2 | 2 | 2 | 3 | 4 |
| SG&A | - | - | - | - | - | - | - | - | - | - | $47.63M | $43.41M | $45.70M | $43.97M | $39.45M | $33.91M | $43.69M | $31.19M |
| Avg Forecast | $61.08M | $60.94M | $52.62M | $59.71M | $61.53M | $57.53M | $49.50M | $57.17M | $55.54M | $46.56M | $43.72M | $47.75M | $47.32M | $40.81M | $36.99M | $28.26M | $37.59M | $19.60M |
| High Forecast | $61.08M | $60.94M | $52.62M | $59.71M | $61.53M | $57.53M | $49.50M | $61.16M | $58.14M | $46.56M | $43.72M | $47.75M | $47.32M | $40.81M | $36.99M | $33.91M | $38.63M | $23.53M |
| Low Forecast | $61.08M | $60.94M | $52.62M | $59.71M | $61.53M | $57.53M | $49.50M | $54.43M | $53.47M | $46.56M | $43.72M | $47.75M | $47.32M | $40.81M | $36.99M | $22.61M | $36.90M | $15.68M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | 1.09% | 0.91% | 0.97% | 1.08% | 1.07% | 1.20% | 1.16% | 1.59% |
Sovos Brands's average Quarter SG&A projection for Sep 23 is $46.56M, based on 5 Wall Street analysts, with a range of $46.56M to $46.56M. The forecast indicates a -2.26% fall compared to SOVO last annual SG&A of $47.63M (Jun 23).
Sovos Brands EPS Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 7 | 5 | 6 | 3 | 2 | 2 | 2 | 2 | 3 | 4 |
| EPS | - | - | - | - | - | - | - | - | - | - | $0.05 | $0.08 | $-0.28 | $0.01 | $-0.30 | $0.04 | $-0.04 | $-0.06 |
| Avg Forecast | $0.24 | $0.25 | $0.24 | $0.25 | $0.24 | $0.21 | $0.20 | $0.21 | $0.20 | $0.15 | $0.13 | $0.15 | $0.16 | $0.14 | $0.09 | $0.13 | $0.11 | $0.07 |
| High Forecast | $0.24 | $0.25 | $0.24 | $0.25 | $0.24 | $0.21 | $0.20 | $0.23 | $0.22 | $0.15 | $0.13 | $0.15 | $0.16 | $0.14 | $0.09 | $0.13 | $0.12 | $0.08 |
| Low Forecast | $0.24 | $0.25 | $0.24 | $0.25 | $0.24 | $0.21 | $0.20 | $0.20 | $0.17 | $0.15 | $0.13 | $0.15 | $0.16 | $0.14 | $0.09 | $0.12 | $0.11 | $0.07 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | 0.38% | 0.55% | -1.74% | 0.07% | -3.44% | 0.32% | -0.34% | -0.84% |
According to 5 Wall Street analysts, Sovos Brands's projected average Quarter EPS for Sep 23 is $0.15, with a low estimate of $0.15 and a high estimate of $0.15. This represents a 199.32% increase compared to SOVO previous annual EPS of $0.05 (Jun 23).
Sovos Brands Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| HAIN | Hain Celestial Group | $8.33 | $12.48 | 49.82% | Hold |
| CENT | Central Garden & Pet Company | $38.38 | $50.67 | 32.02% | - |
| NATR | Nature's Sunshine Products | $14.06 | $18.00 | 28.02% | - |
| LANC | Lancaster Colony | $179.63 | $216.00 | 20.25% | Buy |
| SMPL | Simply Good Foods Company | $34.15 | $40.22 | 17.77% | Buy |
| THS | TreeHouse Foods | $42.77 | $42.00 | -1.80% | Hold |
| SOVO | Sovos Brands | $22.98 | $21.13 | -8.05% | Buy |
SOVO Forecast FAQ
Is Sovos Brands a good buy?
Yes, according to 2 Wall Street analysts, Sovos Brands (SOVO) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 1 'Buy' recommendations, accounting for 50.00% of SOVO's total ratings.
What is SOVO's price target?
Sovos Brands (SOVO) average price target is $21.13 with a range of $16 to $23, implying a -8.05% from its last price of $22.98. The data is based on 2 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Sovos Brands stock go up soon?
According to Wall Street analysts' prediction for SOVO stock, the company can go down by -8.05% (from the last price of $22.98 to the average price target of $21.13), up by 0.09% based on the highest stock price target, and down by -30.37% based on the lowest stock price target.
Can Sovos Brands stock reach $30?
SOVO's average twelve months analyst stock price target of $21.13 does not support the claim that Sovos Brands can reach $30 in the near future.
What are Sovos Brands's analysts' financial forecasts?
Sovos Brands's analysts financial forecasts for the fiscal year (Dec 2024) are as follows: average revenue is $1.1B (high $1.12B, low $1.09B), average EBITDA is $124.24M (high $126.43M, low $122.73M), average net income is $88.8M (high $91.48M, low $87.9M), average SG&A $225.73M (high $229.72M, low $222.99M), and average EPS is $0.854 (high $0.88, low $0.845). SOVO's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $1.15B (high $1.15B, low $1.15B), average EBITDA is $128.99M (high $128.99M, low $128.99M), average net income is $101.94M (high $101.94M, low $101.94M), average SG&A $234.36M (high $234.36M, low $234.36M), and average EPS is $0.98 (high $0.98, low $0.98).
Did the SOVO's actual financial results beat the analysts' financial forecasts?
Based on Sovos Brands's last annual report (Dec 2022), the company's revenue was $878.37M, beating the average analysts forecast of $817.65M by 7.43%. Apple's EBITDA was $93.72M, beating the average prediction of $79.53M by 17.84%. The company's net income was $-53.451M, missing the average estimation of $43.59M by -222.62%. Apple's SG&A was $163.02M, beating the average forecast of $153.39M by 6.28%. Lastly, the company's EPS was $-0.53, missing the average prediction of $0.513 by -203.32%. In terms of the last quarterly report (Jun 2023), Sovos Brands's revenue was $217.64M, beating the average analysts' forecast of $213.87M by 1.76%. The company's EBITDA was $25.63M, beating the average prediction of $24.06M by 6.53%. Sovos Brands's net income was $5.39M, missing the average estimation of $13.6M by -60.36%. The company's SG&A was $47.63M, beating the average forecast of $43.72M by 8.95%. Lastly, the company's EPS was $0.05, missing the average prediction of $0.131 by -61.74%