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Needham Reaffirms Their Buy Rating on Constellation Brands (STZ)

Tipranks - Fri Apr 10, 6:12AM CDT

In a report released today, Gerald Pascarelli from Needham reiterated a Buy rating on Constellation Brands, with a price target of $180.00.

Easter Sale - 70% Off TipRanks

According to TipRanks, Pascarelli is an analyst with an average return of -2.6% and a 40.00% success rate. Pascarelli covers the Consumer Defensive sector, focusing on stocks such as Vital Farms, Constellation Brands, and Celsius Holdings.

In addition to Needham, Constellation Brands also received a Buy from TipRanks – PerPlexity’s PerPlexity Beverages – Wineries and Distilleries in a report issued today. However, on the same day, TipRanks – xAI reiterated a Hold rating on Constellation Brands (NYSE: STZ).

Based on Constellation Brands’ latest earnings release for the quarter ending November 30, the company reported a quarterly revenue of $2.22 billion and a net profit of $502.8 million. In comparison, last year the company earned a revenue of $2.46 billion and had a net profit of $615.9 million

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