Baird analyst David Tarantino initiated coverage of Black Rock Coffee (BRCB) with an Outperform rating and $32 price target The firm views Black Rock as “differentiated brand” that is well positioned to capture market share within the growing U.S. beverage category. A “significant premium” valuation for the shares can be justified by the company’s “scarce” projected growth profile and attractive unit-level returns on capital, the analyst tells investors in a research note.
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Read More on BRCB:
- 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
- Black Rock Coffee Bar, Inc.: Strategic Expansion and Strong Financials Justify Buy Rating
- Black Rock Coffee Bar: Strong Growth Potential and Strategic Expansion Justify Buy Rating