Truist analyst Bill Chappell has revised his outlook on Krispy Kreme (DNUT, Financial), reducing the price target significantly from $12 to $7, while maintaining a Buy rating on the stock. This adjustment comes as the company prepares to release its upcoming quarterly earnings report.
The decision to lower the price target is influenced by current market trends and a general contraction in valuation multiples within the sector. This shift suggests a more cautious approach as investors await the financial results.
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 $11.07 with a high estimate of $17.50 and a low estimate of $5.00. The average target implies an upside of 150.07% from the current price of $4.43. 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 $13.69, suggesting a upside of 209.38% from the current price of $4.425. 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.
