Loading...
Loading...
Shares of SodaStream
SODA gapped higher at Tuesday morning's open following some bullish comments and a raised price target from Oppenheimer's Joseph Altobello.
The stock spiked to a session high at $73.17 just after the open but has given up gains since. Shares last traded at $70.89, down about 0.2 percent from Monday's close.
Altobello boosted his price target on SODA shares from $68 to $85 while maintaining an Outperform rating.
The analyst said he likes recent channel checks and Monday's news of a deal with KitchenAid. Altobello believes SODA's current valuation does not reflect current growth options within the US.
Altobello's new price target represents potential upside of about 16 percent from where the stock is currently trading.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in