Stifel analyst Chris O’Cull upgraded Dutch Bros to Buy from Hold with a price target of $35, up from $32. The analyst believes the company is “poised to make meaningful progress” on several fronts under Christine Barone’s leadership. The firm is encouraged the company is proactively transitioning to the next phase of leaders, all with significant experience to support Dutch Bros in achieving its growth targets. Stifel says the company has changed its go-to-market strategy with a new development approach and more paid advertising.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on BROS:
- Largest borrow rate increases among liquid names
- Fly Insider: Athira Pharma, Microstrategy among week’s notable insider trades
- TD Cowen says Dutch Bros lack of SSS disclosure doesn’t reflect Q4 miss
- Dutch Bros (NYSE:BROS) Plans to Open 150+ New Locations in 2024
- Dutch Bros COO Brian Maxwell to transition to vice chairman role