Bank of America has revised its price target for Krispy Kreme (DNUT, Financial), reducing it from $11 to $9 while maintaining its Buy rating. This revision is part of the firm's broader evaluation of over 20 companies within its restaurant sector coverage as it prepares for its calendar first-quarter outlook.
The adjustments come as the firm aligns its estimates with current market conditions and the latest company projections. These evaluations aim to reflect changes in both the market multiples and the individual estimates for each company.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 11 analysts, the average target price for Krispy Kreme Inc (DNUT, Financial) is $11.27 with a high estimate of $17.50 and a low estimate of $5.00. The average target implies an upside of 175.44% from the current price of $4.09. More detailed estimate data can be found on the Krispy Kreme Inc (DNUT) Forecast page.
Based on the consensus recommendation from 10 brokerage firms, Krispy Kreme Inc's (DNUT, Financial) average brokerage recommendation is currently 2.4, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Krispy Kreme Inc (DNUT, Financial) in one year is $13.70, suggesting a upside of 234.96% from the current price of $4.09. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Krispy Kreme Inc (DNUT) Summary page.
