Driven Brands (DRVN) Stock Forecast & Price Target

$14.28

-0.22 (-1.52%)

(As of 09/18/2024 ET)

Driven Brands - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy
Based on 12 Analyst Ratings

Based on 12 Wall Street analysts who have issued ratings for Driven Brands in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 12 analysts, 4 have given a hold rating, 7 have given a buy rating, and 1 has given a strong buy rating for DRVN.

Consensus Price Target

$17.95
25.73% Upside

High Forecast	$31.00
Average Forecast	$17.95
Low Forecast	$12.50

According to the 12 analysts' twelve-month price targets for Driven Brands, the average price target is $17.95. The highest price target for DRVN is $31.00, while the lowest price target for DRVN is $12.50. The average price target represents a forecasted upside of 25.73% from the current price of $14.28.

Type	Current Forecast 9/19/23 to 9/18/24	1 Month Ago 8/20/23 to 8/19/24	3 Months Ago 6/21/23 to 6/20/24	1 Year Ago 9/19/22 to 9/19/23
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	7 Buy rating(s)	6 Buy rating(s)	5 Buy rating(s)	7 Buy rating(s)
Hold	4 Hold rating(s)	4 Hold rating(s)	5 Hold rating(s)	3 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$17.95	$17.75	$17.61	$26.22
Forecasted Upside	25.73% Upside	35.14% Upside	39.50% Upside	35.81% Upside

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DRVN Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

DRVN Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Driven Brands Stock vs. The Competition

Type	Driven Brands	Auto/Tires/Trucks Companies	S&P 500
Consensus Rating Score	2.75	2.47	2.50
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	24.86% Upside	140.99% Upside	7.02% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
8/20/2024	Benchmark 2 of 5 stars		Reiterated Rating	Buy ➝ Buy	$20.00 ➝ $20.00	+46.74%
8/2/2024	Baird R W 0 of 5 stars	P. Benedict Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
8/2/2024	Royal Bank of Canada 4 of 5 stars		Boost Target	Outperform ➝ Outperform	$14.00 ➝ $16.00	+16.62%
8/2/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$17.00 ➝ $18.00	+29.59%
8/2/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Overweight ➝ Overweight	$14.00 ➝ $17.00	+20.40%
8/2/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$14.00 ➝ $16.00	+10.27%
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7/22/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating	T. Thomas-Martin Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Market Perform	$14.00	+5.50%
5/6/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$25.00 ➝ $22.00	+84.87%
5/3/2024	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$21.00 ➝ $17.00	+46.68%
5/3/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Overweight ➝ Neutral	$18.00 ➝ $12.50	+6.93%
1/16/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Overweight ➝ Equal Weight	$22.00 ➝ $14.00	+5.66%
9/21/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$36.00 ➝ $31.00	+131.17%
8/3/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$31.00 ➝ $17.00	+11.84%
8/2/2023	William Blair Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Zackfia Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Market Perform
2/27/2023	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy	$45.00 ➝ $40.00	+43.01%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 10:54 PM ET.

DRVN Forecast - Frequently Asked Questions

What is Driven Brands' forecast for 2024?: According to the research reports of 12 Wall Street equities research analysts, the average twelve-month stock price forecast for Driven Brands is $17.95, with a high forecast of $31.00 and a low forecast of $12.50.
Should I buy or sell Driven Brands stock right now?: 12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Driven Brands in the last year. There are currently 4 hold ratings, 7 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" DRVN shares.
Does Driven Brands's stock price have much upside?: According to analysts, Driven Brands's stock has a predicted upside of 36.23% based on their 12-month stock forecasts.
Has Driven Brands been upgraded by Wall Street analysts recently?: Over the previous 90 days, Driven Brands's stock had 1 upgrade by analysts.
What analysts cover Driven Brands?: Driven Brands has been rated by research analysts at Baird R W, Benchmark, BMO Capital Markets, Piper Sandler, Robert W. Baird, Royal Bank of Canada, and The Goldman Sachs Group in the past 90 days.
Do Wall Street analysts like Driven Brands more than its competitors?: Analysts like Driven Brands more than other "auto/tires/trucks" companies. The consensus rating for Driven Brands is Moderate Buy while the average consensus rating for "auto/tires/trucks" companies is Hold. Learn more on how DRVN compares to other companies.