|Contributor / Partner
Strategy published on : 06/11/2021 | 02:20
Entry price : 137.63$
Target : 148.98$
Stop-loss : 125.3$
Potential : 8.25%
The timing appears opportune to go long in shares of Darden Restaurants, Inc. as we anticipate another pick-up in the underlying trend.
Investors have an opportunity to buy the stock and target the $ 148.98.
● In a short-term perspective, the company has interesting fundamentals.
● Upward revisions of sales forecast reflect a renewed optimism among the analysts covering the stock.
● Analysts remain confident with respect to the group's activity and, more often than not, have revised upwards their earnings per share estimates.
● With a 2021 P/E ratio at 37.84 times the estimated earnings, the company operates at rather significant levels of earnings multiples.