Boston Beer's Strategic Moves With Hard Mtn Dew And Twisted Tea Position It For 2025 Gains, Analysts Say
Portfolio Pulse from Nabaparna Bhattacharya
Boston Beer Company (NYSE:SAM) reported a slight increase in Q3 revenue and gross margin. Analysts see potential growth from Hard Mtn Dew and Twisted Tea, with price targets raised. Challenges remain, but new products show promise.
October 25, 2024 | 6:32 pm
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Boston Beer Company reported a 0.6% increase in Q3 revenue and improved gross margin. Analysts are optimistic about growth from Hard Mtn Dew and Twisted Tea, raising price targets. Challenges with volume growth persist, but new high-ABV products are performing well.
Boston Beer Company's Q3 results show slight revenue growth and improved margins. Analysts are optimistic about future growth due to new product rollouts like Hard Mtn Dew and Twisted Tea, leading to raised price targets. Despite challenges with volume growth, the introduction of new high-ABV products is seen as a positive development, supporting the stock's short-term upward potential.
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