Why Dutch Bros Stock Could Explode Higher in 2024
Will 2024 be the year Dutch Bros (NYSE: BROS) stock finally takes off? The drive-thru coffee chain went public in 2021, jumped 108% within about a month, and promptly plunged. It's now nearly 60% off its highs.
There has been a mix of factors leading to the poor stock performance, and there are plenty of reasons to envision it becoming a star stock. Here's why things could turn around in 2024.
has changed the way people consume their morning coffee, making it an all-day event and a reason to gather. The company is undergoing its own transformation right now, but it has paved the way for other chains to leverage the trend and create a differentiated coffee shop culture. That's the theory behind Dutch Bros.
Source Fool.com
Starbucks Corp. Stock
€68.50
1.330%
The stock is an absolute favorite of our community with 23 Buy predictions and no Sell predictions.
As a result the target price of 98 € shows a positive potential of 43.07% compared to the current price of 68.5 € for Starbucks Corp..
