Raymond James Financial Reaffirms “Outperform” Rating for Black Rock Coffee Bar (NASDAQ:BRCB)

Black Rock Coffee Bar (NASDAQ:BRCB)‘s stock had its “outperform” rating reissued by stock analysts at Raymond James Financial in a report issued on Thursday,Benzinga reports. They presently have a $28.00 price target on the stock, up from their prior price target of $26.00. Raymond James Financial’s price objective suggests a potential upside of 19.45% from the stock’s current price.

Separately, Zacks Research upgraded shares of Black Rock Coffee Bar to a “hold” rating in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $28.00.

Black Rock Coffee Bar Stock Up 0.1%

NASDAQ:BRCB opened at $23.44 on Thursday. Black Rock Coffee Bar has a 1-year low of $20.39 and a 1-year high of $30.40.

Black Rock Coffee Bar Company Profile

Our Mission: To Fuel People Forward – One Connection, One Moment, One Cup at a Time We are a high-growth operator of guest-centric, drive-thru coffee bars offering premium caffeinated beverages and an elevated in-store experience crafted by our engaging baristas. Black Rock Coffee Bar was founded in 2008 in Beaverton, Oregon, by our co-founders Daniel Brand and Jeff Hernandez.