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Do Analysts Expect Krispy Kreme Inc (DNUT) Stock to Rise After It Has Risen 4.51% in a Month?

Monday, June 05, 2023 12:47 PM | InvestorsObserver Analysts

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Do Analysts Expect Krispy Kreme Inc (DNUT) Stock to Rise After It Has Risen 4.51% in a Month?

Wall Street is positive on Krispy Kreme Inc (DNUT). On average, analysts give Krispy Kreme Inc a Buy rating. The average price target is $16.666, which means analysts expect the stock to rise by 7.45% over the next twelve months. That average ranking earns Krispy Kreme Inc an Analyst Rating of 23, which is better than 23% of stocks based on data compiled by InvestorsObserver.

Overall Score - 3.6
Wall Street analysts are rating DNUT a Buy today. Find out what this means to you and get the rest of the rankings on DNUT!

Why are Analyst Ratings Important?

Though analyst projections should not be your only resource when determining your position on a stock, it can be a very useful tool. Analysts follow sectors/industries in-depth and tend to know how local and global conditions tend to affect demand and prices. Many analysts even participate in conference calls where they can get information to better make sense of the numbers. InvestorsObserver averages the ratings provided by analysts and then ranks their score as a percent against the market. This allows you to compare stocks in a more comprehensive fashion than with the typical buy/sell/hold ranking.

What's Happening With Krispy Kreme Inc Stock Today?

Krispy Kreme Inc (DNUT) stock is trading at $15.51 as of 12:46 PM on Monday, Jun 5, a gain of $0.06, or 0.39% from the previous closing price of $15.45. The stock has traded between $15.33 and $15.58 so far today. Volume today is low. So far 339,384 shares have traded compared to average volume of 901,299 shares. Click Here to get the full Stock Report for Krispy Kreme Inc stock.

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