Expert Ratings for Utz Brands
Portfolio Pulse from Benzinga Insights
Utz Brands (NYSE:UTZ) has received a mix of analyst ratings in the last quarter, with 1 bullish, 6 somewhat bullish, and 2 indifferent. The average 12-month price target from 9 analysts is $15.78, which is an 18.37% decrease from the previous target of $19.33. The ratings suggest a cautious optimism among analysts, with no bearish or somewhat bearish ratings reported.

November 10, 2023 | 4:00 pm
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NEUTRAL IMPACT
Utz Brands has a new average analyst price target of $15.78, reflecting a downward revision of 18.37% from the previous target. The overall analyst sentiment is cautiously optimistic, with most ratings leaning towards bullish.
The reduction in the average price target suggests a potential decrease in investor expectations for UTZ's stock performance. However, the absence of bearish ratings and the presence of mostly bullish and somewhat bullish ratings indicate that analysts still have a positive outlook on the company, albeit with reduced expectations. This mixed sentiment is likely to result in a neutral short-term impact on the stock price as the market digests the revised targets and the underlying reasons for the decrease.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100