Bloomin’ Brands price target raised to $8.50 from $6 at Goldman Sachs

Goldman Sachs analyst Christine Cho raised the firm’s price target on Bloomin’ Brands (BLMN) to $8.50 from $6 and keeps a Neutral rating on the shares. Bloomin’ Brands is showing early progress in its Outback turnaround, with improved brand and customer metrics and operational changes such as better steak quality, staffing adjustments, and a multi-year restaurant refresh program, though the strategy is still in early stages and investment is expected to accelerate in 2H26 as the transformation unfolds over several years, the analyst tells investors in a research note.