RBC Predicts 16% Upside for Aramark Stock

Royal Bank of Canada has increased its price objective for Aramark (NYSE:ARMK) to $70.00, suggesting a potential upside of 16.04% from the company's current price.

This is not an isolated prediction; several other brokerages have also upgraded their target prices for Aramark in recent weeks. New Street Research set a $70.00 price objective on shares of Aramark in late August, while Citigroup increased its target price to $74.00 with a 'buy' rating.

Aramark has seen significant earnings growth, with the company reporting $0.52 earnings per share for the quarter, topping analysts' consensus estimates by $0.04. Revenue also exceeded expectations, increasing 9.3% year-over-year.