Wedbush Maintains Outperform Rating for Dutch Bros: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Wedbush has reaffirmed its Outperform rating on Dutch Bros (NYSE:BROS) and increased its price target from $35.00 to $37.00. Dutch Bros' shares have risen 2.55% in the last 24 hours to $29.37. The new price target suggests a potential upside of 25.98% from the current price. Dutch Bros operates and franchises drive-thru coffee shops offering a variety of hand-crafted beverages.
December 21, 2023 | 5:00 pm
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Wedbush maintains Outperform rating on Dutch Bros and raises price target to $37, indicating a significant potential upside from the current price.
The reaffirmation of the Outperform rating and the increase in price target by Wedbush are strong positive signals for investors, suggesting analyst confidence in the company's future performance. This could lead to increased investor interest and a potential rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100