Dutch bros stock price advanced after the firm posted

Dutch Bros stock price advanced after the firm posted better-than-expected quarterly revenue, up 12% year-over-year. Analysts project potential upside toward $36 based on stronger same-store sales data. Moreover, a Zacks Rank of 2 for Dutch Bros is a more conclusive indication of a potential trend reversal, as the Zacks Rank has proven to be an excellent timing indicator that helps investors identify precisely when a company's prospects are beginning to improve. Several research firms have recently weighed in on BROS. The Goldman Sachs Group cut their price objective on Dutch Bros from $81.00 to $72.00 and set a "neutral" rating on the stock in a report on Tuesday. CICC Research began coverage on Dutch Bros in a report on Monday, June 30th. They set an "outperform" rating and a $80.00 price objective on the stock. Royal Bank Of Canada reiterated an "outperform" rating and set a $85.00 price objective on shares of Dutch Bros in a report on Wednesday, September 24th. Weiss Ratings reiterated a "hold (c)" rating on shares of Dutch Bros in a report on Saturday, September 27th. Finally, Guggenheim lifted their price objective on Dutch Bros from $72.00 to $76.00 and gave the company a "buy" rating in a report on Thursday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Dutch Bros presently has a consensus rating of "Moderate Buy" and a consensus price target of $79.88. Chartists observing Dutch Bros stock price note support forming around $33 levels, with a key pivot zone at $34.50 that might dictate near-term trading direction.