BBB Foods Inc (TBBB) stock forecast: Can it reach its 52-week high of $28.84

BBB Foods Inc [TBBB] stock prices are up 4.96% to $24.95 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The TBBB shares have gain 6.85% over the last week, with a monthly amount glided 8.38%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

BBB Foods Inc [NYSE: TBBB] stock has seen the most recent analyst activity on April 09, 2024, when UBS downgraded its rating to a Neutral and also boosted its price target to $27 from $26. Previously, Scotiabank started tracking the stock with Sector Outperform rating on March 12, 2024, and set its price target to $33. On March 06, 2024, JP Morgan initiated with a Overweight rating and assigned a price target of $30 on the stock. UBS started tracking the stock assigning a Buy rating and suggested a price target of $26 on March 05, 2024. Morgan Stanley initiated its recommendation with a Equal-Weight and recommended $22 as its price target on March 05, 2024. BofA Securities started tracking with a Buy rating for this stock on March 05, 2024, and assigned it a price target of $26.

The stock price of BBB Foods Inc [TBBB] has been fluctuating between $18.71 and $28.84 over the past year. Currently, Wall Street analysts expect the stock to reach $30 within the next 12 months. BBB Foods Inc [NYSE: TBBB] shares were valued at $24.95 at the most recent close of the market. An investor can expect a potential return of 20.24% based on the average TBBB price forecast.

Analyzing the TBBB fundamentals

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 24.08 points at the first support level, and at 23.20 for the second support level. However, for the 1st resistance point, the stock is sitting at 25.48, and for the 2nd resistance point, it is at 26.00.

Ratios To Look Out For

It’s worth pointing out that BBB Foods Inc [NYSE:TBBB]’s Current Ratio is 0.79. On the other hand, the Quick Ratio is 0.56.

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