Sprouts Farmers Market shows relatively strong fundamentals and is coming back to attractive prices.

The firm enjoys an excellent Surperformance rating which underline its earnings quality and its business predictability. There is a great buyer consensus whose average target price is displaying a +32% potential.

Technically, the security has been going through important losses in the mid-term. That brought back the stock near a support area, relevant in daily data as well as in weekly data. Indicators show an oversold situation which strengthen the possibility of technical rebound in the current price area.

Thanks to the technical pattern and strong fundamentals, active investors can open long trades above USD 26.3. The downside potential is limited and the timing seems perfect to benefit from a re-boost of buyers flow. The goals will be fixed at USD 28.3 in a first time and then at USD 30.5. However, a bearish trend would regain the upper hand if the security crosses USD 26.3.