RBC Capital analyst Nik Modi maintains $The Duckhorn Portfolio (NAPA.US)$ with a buy rating, and maintains the target price at $11.
According to TipRanks data, the analyst has a success rate of 59.3% and a total average return of 6.7% over the past year.
Furthermore, according to the comprehensive report, the opinions of $The Duckhorn Portfolio (NAPA.US)$'s main analysts recently are as follows:
The company's guidance for FY24 suggests a broad spectrum of potential results for the fiscal fourth quarter, making it challenging to pinpoint where within that range the outcomes will land, especially considering the main variable is distributor de-stocking, which lacks clear visibility. More significant, in the analyst's view, is the industry outlook heading into FY25. Consequently, the forecast for FY25 organic sales growth has been moderated slightly to align more closely with the current subdued industry environment.
Ahead of the fiscal Q4 report on October 7, there is an anticipation of potential pressure on price and mix due to increased promotions and a deceleration in trends for Sonoma-Cutrer within tracked channels, leading to a modest adjustment in fiscal 2025 estimates.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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