First Watch (FWRG) analyst forecast and price target
Analyst forecast
Consensus of 11 analyst ratings
Based on 4 analyst targets
Recent analyst ratings
| Firm | Action | Rating | Price target | Date |
|---|---|---|---|---|
| Guggenheim | Maintained | Buy | $20.00 from $21.00 | Aug 7, 2026 |
| Citigroup | Maintained | Buy | $20.00 from $21.00 | Aug 5, 2026 |
| Freedom Capital Markets | Initiated Coverage | Buy | $17.00 | Jul 1, 2026 |
| TD Cowen | Maintained | Buy | $17.00 | Jun 3, 2026 |
| Stephens & Co. | Maintained | Overweight | $21.00 | May 6, 2026 |
| TD Cowen | Maintained | Buy | $17.00 from $18.00 | May 5, 2026 |
| DA Davidson | Maintained | Buy | $17.00 | Apr 28, 2026 |
| Benchmark | Maintained | Buy | $22.00 from $24.00 | Apr 20, 2026 |
| DA Davidson | Initiated Coverage | Buy | — | Mar 6, 2026 |
| Stephens & Co. | Maintained | Overweight | $21.00 from $24.00 | Feb 25, 2026 |
| Barclays | Maintained | Overweight | $17.00 from $19.00 | Feb 25, 2026 |
| Guggenheim | Maintained | Buy | $21.00 from $23.00 | Feb 25, 2026 |
| Citigroup | Maintained | Buy | $21.00 from $26.00 | Feb 25, 2026 |
| TD Cowen | Maintained | Buy | $18.00 from $21.00 | Feb 24, 2026 |
| Barclays | Maintained | Overweight | $19.00 from $21.00 | Jan 7, 2026 |
| Benchmark | Maintained | Buy | $24.00 from $22.00 | Aug 6, 2025 |
| Stephens & Co. | Maintained | Overweight | $24.00 from $23.00 | Aug 6, 2025 |
| TD Cowen | Maintained | Buy | $21.00 from $19.00 | Jul 29, 2025 |
| B of A Securities | Maintained | Buy | $21.00 from $23.00 | Jul 18, 2025 |
| Barclays | Maintained | Overweight | $21.00 from $20.00 | Jul 17, 2025 |
Frequently asked questions
What is the price target for FWRG stock?
The average 12-month analyst price target for First Watch (FWRG) is $18.50, with a high estimate of $20.00 and a low of $17.00, across 4 analysts.
Is FWRG a buy, sell, or hold?
Analysts covering First Watch currently average a Buy rating: 11 buy, 0 hold and 0 sell, from 11 analysts. Ratings reflect analyst opinion, not investment advice.
What upside do analysts see for FWRG?
The average price target of $18.50 implies 45.90% upside from the last price of $12.68.
What is the latest analyst rating on FWRG?
On Aug 7, 2026, Guggenheim maintained First Watch at Buy with a price target of $20.00.
Analyst ratings and price targets are the opinions of third-party research firms, not of Light Horse Securities. They are estimates about an uncertain future, are frequently wrong, and are neither a recommendation nor a prediction of actual results.
This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.