Dutch Bros price target raised to $89 from $65 at TD Cowen

TD Cowen analyst Andrew Charles raised the firm’s price target on Dutch Bros (BROS) to $89 from $65 and keeps a Buy rating on the shares. The firm thinks 2025 is setting up as a beat and raise year for its Top Pick, Dutch Bros. Cowen said the 2%-4% full year SSS guidance is also expected for 1Q, the toughest compare of 2025, and there should be a building impact from mobile order.