Benchmark Maintains Buy Rating for Kura Sushi USA: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Benchmark has reaffirmed its Buy rating on Kura Sushi USA (NASDAQ:KRUS) and increased its price target from $90.00 to $105.00. Despite the upgrade, KRUS shares have fallen 2.43% in the last 24 hours to $86.62. The new price target suggests a potential upside of 21.22%. Kura Sushi USA operates revolving sushi chain restaurants in the U.S. and earns its revenue domestically.
January 12, 2024 | 5:01 pm
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Benchmark maintains a Buy rating on Kura Sushi USA with a raised price target from $90 to $105, indicating a potential 21.22% increase from the current price.
The reaffirmation of a Buy rating and an increased price target by Benchmark is a strong positive signal for investors, suggesting confidence in Kura Sushi USA's growth potential. Although the stock has recently declined, the new price target represents a significant upside, which could attract investor interest and potentially drive up the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100