BBB Foods Inc has a consensus price target of $30 based on the ratings of 8 analysts. The high is $36 issued by Scotiabank on May 31, 2024. The low is $22 issued by Morgan Stanley on March 5, 2024. The 3 most-recent analyst ratings were released by Jefferies, HSBC, and JP Morgan on September 9, 2024, August 23, 2024, and August 7, 2024, respectively. With an average price target of $32.67 between Jefferies, HSBC, and JP Morgan, there's an implied -2.20% downside for BBB Foods Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for BBB Foods (NYSE:TBBB) was reported by Jefferies on September 9, 2024. The analyst firm set a price target for $33.00 expecting TBBB to fall to within 12 months (a possible -1.20% downside). 10 analyst firms have reported ratings in the last year.
The latest analyst rating for BBB Foods (NYSE:TBBB) was provided by Jefferies, and BBB Foods initiated their hold rating.
The last upgrade for BBB Foods Inc happened on August 23, 2024 when HSBC raised their price target to $31. HSBC previously had a reduce for BBB Foods Inc.
The last downgrade for BBB Foods Inc happened on April 9, 2024 when UBS changed their price target from $26 to $27 for BBB Foods Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of BBB Foods, 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 BBB Foods was filed on September 9, 2024 so you should expect the next rating to be made available sometime around September 9, 2025.
While ratings are subjective and will change, the latest BBB Foods (TBBB) rating was a initiated with a price target of $0.00 to $33.00. The current price BBB Foods (TBBB) is trading at is $33.40, which is out of the analyst’s predicted range.
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