RBC Capital Reiterates Outperform Rating on The Duckhorn Portfolio, Inc. (NAPA)

RBC Capital analyst Nik Modi reiterated an Outperform rating and $11.00 price target on The Duckhorn Portfolio, Inc. (NYSE: NAPA)

The analyst comments "While NAPA continues to outpace the wine category, it is not immune to the realities of category pressure. Kosta Browne Appelation Series underperformance hampered the quarter's topline, but EBITDA was strong due to mix shift and stringent cost management. The F4Q organic outlook implies a wide range of outcomes given category pressure, distributor changeover, and Kosta Browne timing shifts. That said, SonomaCutrer is expected to add ~$16M in sales in F4Q'24, which led to increases in overall FY'24 topline and EBITDA guidance (at midpoint). All in all, we maintain our $11 PT and Outperform rating given attractive valuation."

For an analyst ratings summary and ratings history on The Duckhorn Portfolio, Inc. click here. For more ratings news on The Duckhorn Portfolio, Inc. click here.

Shares of The Duckhorn Portfolio, Inc. closed at $7.79 yesterday.

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