Beyond The Numbers: 8 Analysts Discuss Driven Brands Hldgs Stock
Portfolio Pulse from Benzinga Insights
In the last three months, 8 analysts have reviewed Driven Brands Hldgs (NASDAQ:DRVN), showing a shift towards a more cautious stance. The average 12-month price target was reduced by 13.26% to $16.81. Analysts from firms like Goldman Sachs, JP Morgan, Piper Sandler, Canaccord Genuity, and RBC Capital have adjusted their ratings and price targets, reflecting a mix of lowered expectations and a single upgrade. Driven Brands Hldgs, an automotive services company, has shown revenue growth but faces challenges in net margin, ROA, and carries a high debt-to-equity ratio.
May 03, 2024 | 4:00 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Driven Brands Hldgs has seen a negative shift in analyst sentiment, with a 13.26% reduction in the average price target and mixed rating adjustments. Despite revenue growth, profitability and debt management concerns persist.
The reduction in the average price target by 13.26% and the mixed adjustments in analyst ratings indicate a more cautious outlook on DRVN's future performance. The concerns over net margin, ROA, and a high debt-to-equity ratio further justify the negative short-term impact on the stock price. The single upgrade in rating shows some positive sentiment, but the overall trend is bearish.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100