J.P. Morgan analyst Andrea Faria Teixeira maintains $The Duckhorn Portfolio (NAPA.US)$ with a hold rating, and adjusts the target price from $9 to $7.
According to TipRanks data, the analyst has a success rate of 49.3% and a total average return of 1.5% 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 FY24 guidance provided by Duckhorn Portfolio presents a broad spectrum of possible results for fiscal Q4, making it challenging to determine where within that range the quarter will land, especially since distributor de-stocking plays a significant role and lacks transparency. Looking ahead, the more critical aspect is the industry context moving into FY25. Expectations for FY25 organic sales growth have been modestly adjusted down by 50 basis points to more accurately represent the continued subdued industry environment.
Anticipation of Duckhorn Portfolio's fiscal Q4 report led to a more conservative stance on the company's longer-term projections, with expectations for fiscal 2025 being moderately reduced. The adjustment accounts for the possibility of increased promotional activities and a deceleration in the performance of Sonoma-Cutrer within monitored markets.
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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