Forecasting The Future: 7 Analyst Projections For Driven Brands Hldgs
Portfolio Pulse from Benzinga Insights
Driven Brands Holdings (NASDAQ: DRVN) has received mixed analyst ratings over the past three months, with a recent increase in the average 12-month price target to $17.29. Analysts have adjusted their ratings and price targets, reflecting diverse outlooks. Despite revenue growth, the company faces challenges with profitability, return on equity, and debt management.
September 19, 2024 | 9:01 pm
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Driven Brands Holdings has received a mix of bullish and somewhat bullish ratings from analysts, with a new average price target of $17.29, up from $16.33. The company shows revenue growth but struggles with profitability and debt management.
The increase in the average price target and the majority of analysts being bullish or somewhat bullish suggest a positive short-term outlook. However, the company's financial challenges, such as low net margin and high debt-to-equity ratio, may temper this optimism.
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IMPORTANCE 80
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