# First Watch (FWRG) — Analyst Forecast

FWRG · NASDAQ · Stock

Canonical page: https://www.lighthorse.io/tickers/fwrg/forecast

## Analyst consensus

| Consensus | Buy | Hold | Sell | Analysts |
| --- | --- | --- | --- | --- |
| Buy | 10 | 0 | 0 | 10 |

## Price target

| Low | Average | High | Analysts |
| --- | --- | --- | --- |
| $15.00 | $18.25 | $20.00 | 4 |

Last price $12.36 (as of Oct 16, 2026).

## Recent analyst ratings

| Date | Firm | Action | Rating | Price target |
| --- | --- | --- | --- | --- |
| Oct 15, 2026 | Stephens & Co. | Maintained | Overweight | $18.00 |
| Oct 2, 2026 | DA Davidson | Maintained | Buy | $15.00 |
| Aug 7, 2026 | Guggenheim | Maintained | Buy | $20.00 |
| Aug 5, 2026 | Citigroup | Maintained | Buy | $20.00 |
| Jul 1, 2026 | Freedom Capital Markets | Initiated Coverage | Buy | $17.00 |
| Jun 3, 2026 | TD Cowen | Maintained | Buy | $17.00 |
| May 6, 2026 | Stephens & Co. | Maintained | Overweight | $21.00 |
| May 5, 2026 | TD Cowen | Maintained | Buy | $17.00 |
| Apr 28, 2026 | DA Davidson | Maintained | Buy | $17.00 |
| Apr 20, 2026 | Benchmark | Maintained | Buy | $22.00 |
| Mar 6, 2026 | DA Davidson | Initiated Coverage | Buy | — |
| Feb 25, 2026 | Stephens & Co. | Maintained | Overweight | $21.00 |
| Feb 25, 2026 | Barclays | Maintained | Overweight | $17.00 |
| Feb 25, 2026 | Guggenheim | Maintained | Buy | $21.00 |
| Feb 25, 2026 | Citigroup | Maintained | Buy | $21.00 |
| Feb 24, 2026 | TD Cowen | Maintained | Buy | $18.00 |
| Jan 7, 2026 | Barclays | Maintained | Overweight | $19.00 |
| Aug 6, 2025 | Benchmark | Maintained | Buy | $24.00 |
| Aug 6, 2025 | Stephens & Co. | Maintained | Overweight | $24.00 |
| Jul 29, 2025 | TD Cowen | Maintained | Buy | $21.00 |

## Frequently Asked Questions

### What is the price target for FWRG stock?

The average 12-month analyst price target for First Watch (FWRG) is $18.25, with a high estimate of $20.00 and a low of $15.00, across 4 analysts.

### Is FWRG a buy, sell, or hold?

Analysts covering First Watch currently average a Buy rating: 10 buy, 0 hold and 0 sell, from 10 analysts. Ratings reflect analyst opinion, not investment advice.

### What upside do analysts see for FWRG?

The average price target of $18.25 implies 47.65% upside from the last price of $12.36.

### What is the latest analyst rating on FWRG?

On Oct 15, 2026, Stephens & Co. maintained First Watch at Overweight with a price target of $18.00.

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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.

Data provided by [AInvest](https://www.ainvest.com).