Stifel begins coverage of Bowlero with a buy rating and a price target of $26 per share, which translates to more than 70% upside for investors.
Bowling stock Bowlero is a strike for investors, according to Stifel. The firm began its coverage of the bowling company with a buy rating and a $26 per share target price. That equates to more than 70% upside from the stocks' previous close of $15.20. Shares rose 5% on Tuesday on the back of the note.
mountain Stifel begins coverage of Bowlero with a buy rating coupled with a $26 per share price target. Stifel highlighted the management structure at Bowelro, one of the underlying factors why investors should own the stock. Wieczynski added that the company lacks competition in the space, given their footprint. Bowlero's pure bowling segment accounts for 49.6% of total revenue, while food and beverages make up 35.3% according to data from FactSet.
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