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sauce :: Article Creator Needham Says This Premium Pasta Sauce Company Could Rally More Than 20% Sovos Brands , which owns the pasta sauce brand Rao's, is "full of pasta-bility while making sauce and cents," according to Needham. The firm believes Rao's could grow more than 75% over the next three to four years and become a $1 billion brand. "Growth in pasta sauce coupled with brand extension into adjacent categories provides ample opportunity for Rao's brand growth," analyst Matt McGinley wrote in a Wednesday note. McGinley initiated a buy rating on Sovos shares. He set his price target to $22.50 per share, implying shares could rally nearly 22% from Tuesday's close. "While we expect the Rao's brand to generate the majority of Sovos' growth, we think it benefits from operating multiple brands, as [that will] allow it to leverage its manufacturing and distribution, and provide cross-selling opportun...