Dutch Bros Inc Surpasses Analyst Target: Investor Options Ahead
In recent trading, shares of Dutch Bros Inc (Symbol: BROS) have risen above the average analyst 12-month target price of $61.27, currently trading at $61.86 per share. When a stock meets its target, analysts typically respond in one of two ways: they may lower their valuation or increase their target price. Their reaction also hinges on any significant developments within the company that might justify the increase in stock price. If the outlook for Dutch Bros appears favorable, raising the target price may be warranted.
Overview of Analyst Ratings
There are 11 different analyst targets contributing to the average for Dutch Bros within the Zacks coverage universe. While the average is a useful point of reference, it consists of diverse opinions. Among the analysts, one has set a low target price of $36.00, while another stands out with a target as high as $70.00. The standard deviation among these targets is $10.139.
Interpreting the Average Target Price
Analyzing the average target price for BROS reflects a “wisdom of crowds” approach. This methodology aggregates the insights of numerous professionals, offering a broader perspective than any single analyst’s view. With BROS now above the average target price of $61.27, investors face an important question: Is this merely a pause before reaching higher targets or has the stock become overvalued, suggesting it’s time to sell? The table below outlines the current sentiment from analysts covering Dutch Bros Inc:
| Recent BROS Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Month Ago | 3 Month Ago |
| Strong buy ratings: | 11 | 9 | 9 | 9 |
| Buy ratings: | 0 | 0 | 0 | 0 |
| Hold ratings: | 1 | 3 | 3 | 3 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 1.17 | 1.5 | 1.5 | 1.5 |
The average rating listed above is on a scale from 1 to 5, where 1 represents a Strong Buy and 5 represents a Strong Sell. Data for this article was provided by Zacks Investment Research via Quandl.com. For the latest Zacks research report on BROS, visit their website.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
