Sovos Brands Inc (SOVO) Stock: Do Analysts Think You Should Accumulate?

Tuesday, November 28, 2023 11:36 AM | InvestorsObserver Analysts

Mentioned in this article

Sovos Brands Inc (SOVO) Stock: Do Analysts Think You Should Accumulate?

Analysts who follow Sovos Brands Inc (SOVO) on average expect it to climb 4.62% over the next twelve months. Those same analysts give the stock an average rating of Buy. That average rating earns SOVO an Analyst Ranking of 20, which means it ranks higher than 20 of stocks, based on data compiled by InvestorsObserver.

Wall Street analysts are rating SOVO a Buy today. Find out what this means to you and get the rest of the rankings on SOVO!

See Full SOVO Report

Why are Analyst Ratings Important?

Though analyst projections should not be your only resource when determining your position on a stock, it can be a very useful tool. Analysts follow sectors/industries in-depth and tend to know how local and global conditions tend to affect demand and prices. Many analysts even participate in conference calls where they can get information to better make sense of the numbers. InvestorsObserver averages the ratings provided by analysts and then ranks their score as a percent against the market. This allows you to compare stocks in a more comprehensive fashion than with the typical buy/sell/hold ranking.

What's Happening With Sovos Brands Inc Stock Today?

Sovos Brands Inc (SOVO) stock is trading at $21.84 as of 11:28 AM on Tuesday, Nov 28, an increase of $0.01, or 0.05% from the previous closing price of $21.83. Volume today is less active than usual. So far 201,829 shares have traded compared to average volume of 1,440,437 shares. The stock has traded between $21.82 and $21.89 so far today. Click Here to get the full Stock Report for Sovos Brands Inc stock.