Brown-Forman (BF.B) Stock Forecast & Price Target

$41.37 +0.68 (+1.67%)

(As of 11/22/2024 05:50 PM ET)

Brown-Forman - 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

Hold

Based on 5 Analyst Ratings

Sell
1

Hold
3

Buy
1

Based on 5 Wall Street analysts who have issued ratings for Brown-Forman in the last 12 months, the stock has a consensus rating of "Hold." Out of the 5 analysts, 1 has given a sell rating, 3 have given a hold rating, and 1 has given a buy rating for BF.B.

Consensus Price Target

$52.75
27.51% Upside

According to the 5 analysts' twelve-month price targets for Brown-Forman, the average price target is $52.75. The highest price target for BF.B is $58.00, while the lowest price target for BF.B is $48.00. The average price target represents a forecasted upside of 27.51% from the current price of $41.37.

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BF.B Analyst Ratings Over Time

Type	Current Forecast 11/24/23 to 11/23/24	1 Month Ago 10/25/23 to 10/24/24	3 Months Ago 8/26/23 to 8/25/24	1 Year Ago 11/24/22 to 11/24/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	1 Buy rating(s)	1 Buy rating(s)	1 Buy rating(s)	2 Buy rating(s)
Hold	3 Hold rating(s)	2 Hold rating(s)	3 Hold rating(s)	2 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$52.75	$54.33	$65.57	$69.05
Forecasted Upside	27.51% Upside	10.93% Upside	44.64% Upside	15.56% Upside
Consensus Rating	Hold	Hold	Hold	Hold

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BF.B 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.

BF.B 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.

Brown-Forman Stock vs. The Competition

Type	Brown-Forman	Consumer Staples Companies	S&P 500
Consensus Rating Score	2.00	2.48	2.50
Consensus Rating	Hold	Hold	Moderate Buy
Predicted Upside	27.51% Upside	35.59% Upside	7.66% Upside
News Sentiment Rating	Neutral News See Recent BF.B 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
11/6/2024	TD Cowen 4 of 5 stars	R. Moskow Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Hold	$50.00 ➝ $48.00	+9.74%
9/30/2024	Barclays 3 of 5 stars	L. Lieberman Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Equal Weight ➝ Overweight	$43.00 ➝ $53.00	+9.64%
8/30/2024	Redburn Atlantic 0 of 5 stars	C. Pitcher Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong Sell
4/2/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Sell ➝ Neutral	$52.00	+1.92%
1/29/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Overweight ➝ Equal Weight	$68.00 ➝ $58.00	+2.31%
9/11/2023	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Market Perform ➝ Outperform	$73.00 ➝ $76.40	+18.80%
8/31/2023	Roth Mkm Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral	$66.00 ➝ $69.00	+4.15%
8/31/2023	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$68.00 ➝ $67.00	+1.09%
8/21/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$65.00 ➝ $66.00	-2.74%
6/8/2023	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$65.00 ➝ $66.00	+1.90%
3/9/2023	Roth Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating	W. Kirk Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Neutral

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 06:37 AM ET.

Should I Buy Brown-Forman Stock? BF.B Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, November 20, 2024. Please send any questions or comments about these Brown-Forman pros and cons to contact@marketbeat.com.

Brown-Forman
Bull Case

Here are some ways that investors could benefit from investing in Brown-Forman Co.:

Brown-Forman Co. has a strong portfolio of well-known brands, including Jack Daniel's and Woodford Reserve, which are leaders in the spirits market, providing a competitive edge and consistent revenue streams.
The company has demonstrated resilience in the face of economic fluctuations, maintaining steady growth in sales and profitability, which is attractive for long-term investors.
As of now, the stock price of Brown-Forman Co. is performing well, reflecting positive market sentiment and investor confidence in its business model and growth prospects.
Brown-Forman Co. has a history of returning value to shareholders through dividends, making it an appealing option for income-focused investors.
The company is expanding its international presence, particularly in emerging markets, which could lead to increased sales and market share in the future.

Brown-Forman
Bear Case

Investors should be bearish about investing in Brown-Forman Co. for these reasons:

Increased competition in the alcoholic beverage industry could pressure margins and market share, potentially impacting profitability.
Regulatory changes and taxation on alcoholic beverages can pose risks to the business model, affecting pricing and sales strategies.
Fluctuations in raw material costs, such as grains and glass, can impact production costs and profit margins, making financial performance less predictable.
Economic downturns can lead to reduced consumer spending on premium alcoholic beverages, which may negatively affect sales growth.
Market volatility can lead to fluctuations in stock price, which may deter risk-averse investors looking for stable investments.

BF.B Forecast - Frequently Asked Questions

: According to the research reports of 5 Wall Street equities research analysts, the average twelve-month stock price forecast for Brown-Forman is $52.75, with a high forecast of $58.00 and a low forecast of $48.00.
: 5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Brown-Forman in the last twelve months. There is currently 1 sell rating, 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" BF.B shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BF.B, but not buy additional shares or sell existing shares.
: According to analysts, Brown-Forman's stock has a predicted upside of 27.51% based on their 12-month stock forecasts.
: Over the previous 90 days, Brown-Forman's stock had 2 upgrades and 1 downgrade by analysts.
: Brown-Forman has been rated by research analysts at Barclays, Redburn Atlantic, and TD Cowen in the past 90 days.
: Analysts like Brown-Forman less than other "consumer staples" companies. The consensus rating score for Brown-Forman is 2.00 while the average consensus rating score for "consumer staples" companies is 2.48. Learn more on how BF.B compares to other companies.

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This page (NYSE:BF.B) was last updated on 11/23/2024 by MarketBeat.com Staff

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Brown-Forman (BF.B) Stock Forecast & Price Target