Analysts Downgrade Sprouts Farmers Market Following Q3 Earnings and Weak Outlook

After Sprouts Farmers Market reported third-quarter results, analysts cut their ratings and price targets on October 30, 2026. Goldman Sachs lowered its target to $58 from $94, while Bank of America downgraded the stock to Underperform from Buy and cut its target to $47 from $100. Analysts cited slowing sales, margin pressure and a weak fourth-quarter outlook, including expected comparable-store sales declines of 2% to 4%. Bank of America also flagged possible disruption from a Cyclospora outbreak and uncertainty over how planned pricing investments could affect future customer spending.