Barclays analyst Jeff Bernstein upgrades $Dutch Bros (BROS.US)$ to a buy rating, and adjusts the target price from $31 to $70.
According to TipRanks data, the analyst has a success rate of 57.5% and a total average return of 4.7% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Dutch Bros (BROS.US)$'s main analysts recently are as follows:
The firm anticipates that the company will project comp growth in the low single-digit-plus range for 2025, alongside unit growth in the mid-teens-plus range, which should back mid-teens-plus revenue growth. Given the relatively modest comp comparisons and a valuation that is no longer outsized compared to high growth peers, the company's shares are expected to continue outperforming in 2025.
The firm is optimistic that Dutch Bros 'still has plenty of opportunity' to deliver outperformance over the next 6-12 months. It has become more confident in the company's near-term fundamental setup entering 2025, noting that signs of good operating momentum in upcoming quarters can help to bolster investor confidence in Dutch's longer-term growth prospects and support premium valuation metrics on the shares.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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