Is Dutch Bros Stock Going to $62? 1 Wall Street Analyst Thinks So.

Dutch Bros (NYSE: BROS) stock could deliver a bracing, caffeinated kick to your portfolio. That's the opinion of one analyst following the company who recently raised his price target on its shares. That lift was substantial, too.For those who might be unfamiliar, Dutch Bros operates a fast-growing chain of coffee shops throughout the U.S. The company has plenty of potential in front of it, according to Chris O'Cull of Stifel Financial. Last Friday, this prompted him to move his price target to $62 per share, up $9 from his previous target of $53. O'Cull also reiterated his buy recommendation on the stock. According to reports, the analyst wrote in his update that Dutch Bros likely achieved comparable sales growth around its estimate of 1.5% year-over-year in the fourth quarter. He added that it appeared to have benefited from an advertising push into some of its nontraditional markets, and effectively engaged customers with its Dutch Rewards loyalty program. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool