In a report released today, Yasmine Deswandhy from Bank of America Securities reiterated a Hold rating on BellRing Brands, with a price target of $19.00.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Yasmine Deswandhy has given his Hold rating due to a combination of factors tied to both near‑term performance and longer‑term visibility. While recent scanner data showed a solid rebound in quarterly sales, allowing expectations to move toward the upper end of management’s revenue target, profit projections have been trimmed as adjusted EBITDA is now expected to fall below the company’s own guidance range.
Deswandhy also highlights that the back half of the year requires an unusually steep improvement in profitability versus historical patterns, raising the risk that current full‑year targets may prove optimistic, especially with key input costs still elevated and pressuring margins. Although stronger revenue drivers and additional cost savings are anticipated later in the year, a reduced price objective and valuation multiple, along with estimate cuts and peer multiple compression, support maintaining a Neutral stance rather than moving to a more positive recommendation.
In another report released today, TipRanks – xAI also reiterated a Hold rating on the stock with a $16.00 price target.