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Driven Brands Holdings Inc has a consensus price target of $19.46 based on the ratings of 15 analysts. The high is $40 issued by Stifel on February 27, 2023. The low is $12.5 issued by JP Morgan on May 3, 2024. The 3 most-recent analyst ratings were released by Benchmark, RBC Capital, and Baird on August 20, 2024, August 2, 2024, and August 2, 2024, respectively. With an average price target of $18 between Benchmark, RBC Capital, and Baird, there's an implied 26.05% upside for Driven Brands Holdings Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Driven Brands Hldgs (NASDAQ:DRVN) was reported by Benchmark on August 20, 2024. The analyst firm set a price target for $20.00 expecting DRVN to rise to within 12 months (a possible 40.06% upside). 23 analyst firms have reported ratings in the last year.
The latest analyst rating for Driven Brands Hldgs (NASDAQ:DRVN) was provided by Benchmark, and Driven Brands Hldgs reiterated their buy rating.
The last upgrade for Driven Brands Holdings Inc happened on October 29, 2021 when Morgan Stanley raised their price target to $39. Morgan Stanley previously had an equal-weight for Driven Brands Holdings Inc.
The last downgrade for Driven Brands Holdings Inc happened on May 3, 2024 when JP Morgan changed their price target from $18 to $12.5 for Driven Brands Holdings Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Driven Brands Hldgs, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Driven Brands Hldgs was filed on August 20, 2024 so you should expect the next rating to be made available sometime around August 20, 2025.
While ratings are subjective and will change, the latest Driven Brands Hldgs (DRVN) rating was a reiterated with a price target of $20.00 to $20.00. The current price Driven Brands Hldgs (DRVN) is trading at is $14.28, which is out of the analyst’s predicted range.
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