Jefferies initiated coverage of Black Rock Coffee (BRCB) with a Buy rating and $30 price target Black Rock is the leading company-owned brand in the emerging customizable, convenient beverage category, the analyst tells investors in a research note. The firm believes the company will exceed its growth algorithm in the near-term, making the stock’s valuation look less “rich.”
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Read More on BRCB:
- Black Rock Coffee initiated with an Outperform at Baird
- Black Rock Coffee initiated with a Neutral at JPMorgan
- Black Rock Coffee initiated with a Buy at Stifel
- Black Rock Coffee initiated with an Overweight at Morgan Stanley
- Balancing Growth Ambitions and Risks: An Analysis of Black Rock Coffee Bar’s Market Position and Future Potential