Goldman Sachs Reduces PT on Sprouts Farmers Market (SFM) to $152 From $178, Sets a Buy Rating

Core Insights - Sprouts Farmers Market, Inc. (NASDAQ:SFM) is identified as a stock with over 50% upside potential, despite a recent price target reduction by Goldman Sachs from $178 to $152, maintaining a Buy rating [1] Financial Performance - For fiscal Q3, Sprouts Farmers Market reported net sales of $2.2 billion, reflecting a 13% growth year-over-year [2] - Comparable store sales increased by 5.9%, and diluted earnings per share reached $1.22, up from $0.91 in the same period last year [2] Store Expansion - The company opened 9 new stores in the quarter, bringing the total to 464 stores across 24 US states as of September 28 [3] - Sprouts Farmers Market specializes in natural and organic food retail, offering products that are organic, plant-based, gluten-free, and lifestyle-friendly [3]