Kura Sushi price target raised to $103 from $78 at Lake Street

Lake Street analyst Mark Smith raised the firm’s price target on Kura Sushi (KRUS) to $103 from $78 and keeps a Hold rating on the shares after the company reported Q1 results that were better than the firm’s expectations and management reiterated FY25 sales guidance. While the firm likes the long-term unit growth opportunity and thinks the company has “made strides in its recovery,” it is maintaining a Hold rating based on valuation.