Not quite a buy yet but maybe todays upgrade could ignite a rally as we believe that the stock has completed a 4th wave retracement.
The indicators have looked to be bottoming ready for the nest impulse move higher.
Entry level $352
Price target $430
Average analysts price target $372
Short interest 19%
Boston Beer Co., Inc. engages in the business of alcoholic beverages. It operates through Boston Beer Company; and A&S Brewing segments. The Boston Beer Company segment comprises Samuel Adams, Twisted Tea, Angry Orchard, and Truly Hard Seltzer brands. The A&S Brewing Collaborative segment consists Coney Island Brewing Company, Angel City Brewing Company, and Concrete Beach Brewing Company. The company was founded by C. James Koch in 1984 and is headquartered in Boston, MA.
The indicators have looked to be bottoming ready for the nest impulse move higher.
Entry level $352
Price target $430
Average analysts price target $372
Short interest 19%
Boston Beer Co., Inc. engages in the business of alcoholic beverages. It operates through Boston Beer Company; and A&S Brewing segments. The Boston Beer Company segment comprises Samuel Adams, Twisted Tea, Angry Orchard, and Truly Hard Seltzer brands. The A&S Brewing Collaborative segment consists Coney Island Brewing Company, Angel City Brewing Company, and Concrete Beach Brewing Company. The company was founded by C. James Koch in 1984 and is headquartered in Boston, MA.