Dutch Bros price target raised to $85 from $80 at UBS

UBS raised the firm’s price target on Dutch Bros (BROS) to $85 from $80 and keeps a Buy rating on the shares. The firm believes the stock has further upside given the company’s “industry leading” store growth and ongoing sales and traffic momentum. This is likely sustainable through 2026 “supported by a compelling catalyst path,” the analyst tells investors in a research note. UBS says Dutch Bros’ traffic momentum, store expansion prospects and a “still compelling catalyst path” support upside for shares.