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Molson Coors Beverage Co has a consensus price target of $59.67 based on the ratings of 26 analysts. The high is $77 issued by Roth MKM on October 4, 2023. The low is $47 issued by Citigroup on July 10, 2024. The 3 most-recent analyst ratings were released by Barclays, TD Cowen, and JP Morgan on August 8, 2024, August 7, 2024, and August 7, 2024, respectively. With an average price target of $54.67 between Barclays, TD Cowen, and JP Morgan, there's an implied 1.55% upside for Molson Coors Beverage Co from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Molson Coors Beverage (NYSE:TAP) was reported by Barclays on August 8, 2024. The analyst firm set a price target for $49.00 expecting TAP to fall to within 12 months (a possible -8.97% downside). 39 analyst firms have reported ratings in the last year.
The latest analyst rating for Molson Coors Beverage (NYSE:TAP) was provided by Barclays, and Molson Coors Beverage maintained their underweight rating.
The last upgrade for Molson Coors Beverage Co happened on April 9, 2024 when Goldman Sachs raised their price target to $75. Goldman Sachs previously had a neutral for Molson Coors Beverage Co.
The last downgrade for Molson Coors Beverage Co happened on August 7, 2024 when TD Cowen changed their price target from $68 to $58 for Molson Coors Beverage Co.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Molson Coors Beverage, 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 Molson Coors Beverage was filed on August 8, 2024 so you should expect the next rating to be made available sometime around August 8, 2025.
While ratings are subjective and will change, the latest Molson Coors Beverage (TAP) rating was a maintained with a price target of $47.00 to $49.00. The current price Molson Coors Beverage (TAP) is trading at is $53.83, which is out of the analyst’s predicted range.
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