Baird analyst David Tarantino upgraded Dutch Bros (BROS) to Outperform from Neutral with a price target of $70, up from $60. The firm is optimistic Dutch Bros “still has plenty of opportunity” to deliver outperformance over the next 6-12 months. It has become more confident in the company’s near-term fundamental setup entering 2025, saying signs of good operating momentum in upcoming quarters can help to bolster investor confidence in Dutch’s longer term growth prospects and support premium valuation metrics on the shares.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BROS: