Analyst Expectations for Cracker Barrel Old's Future
Portfolio Pulse from Benzinga Insights
Over the past 3 months, 8 Wall Street analysts have provided ratings for Cracker Barrel Old (NASDAQ:CBRL) with an average price target of $79.62, representing an upside from the current price of $67.56. The consensus includes 1 bullish, 5 indifferent, and 2 bearish stances. The current average price target has decreased by 13.46% from the previous target of $92.00. Analysts typically review stocks quarterly and may provide forecasts on growth, earnings, and revenue, but their advice can be subject to error.
December 01, 2023 | 8:00 pm
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Analysts have set an average price target of $79.62 for Cracker Barrel Old, which is higher than the current price of $67.56. The target has been lowered from $92.00, indicating a more cautious outlook from the analysts.
The average price target suggests analysts believe the stock has upside potential, which could lead to a positive short-term impact on the stock price. However, the reduction in the target price and the mixed ratings indicate a cautious stance, which may temper investor expectations and market reaction.
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