Bank of America (BofA) has revised its price target for Papa John's International, Inc. (PZZA, Financial), setting it at $52, down from a previous target of $63. Despite this adjustment, the firm continues to hold a Buy rating on the company's shares.
This price target reduction is part of a broader effort by BofA to fine-tune its assessments for over 20 companies within the restaurant industry. The adjustments are aimed at aligning price targets with updated estimates and changes in market multiples, as part of a preliminary analysis for the first calendar quarter of the year.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 13 analysts, the average target price for Papa John's International Inc (PZZA, Financial) is $54.09 with a high estimate of $65.00 and a low estimate of $36.00. The average target implies an upside of 78.00% from the current price of $30.39. More detailed estimate data can be found on the Papa John's International Inc (PZZA) Forecast page.
Based on the consensus recommendation from 17 brokerage firms, Papa John's International Inc's (PZZA, 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 Papa John's International Inc (PZZA, Financial) in one year is $78.48, suggesting a upside of 158.24% from the current price of $30.39. 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 Papa John's International Inc (PZZA) Summary page.
