The Boston Beer: Citigroup maintains a 'Buy' Rating, The Target Price is $230

Citigroup maintains 'Buy' rating on The Boston Beer(SAM).

The target price is $230, compare with $285 previously.

[Recent Rating]

Date	Agency	Change	Rating	Rating （previously）	Target Price	Target Price（previously）
2025-07-15	Citigroup	Maintains	Buy	Buy	$230	$285
2025-07-09	Bernstein	Maintains	Market Perform	Market Perform	$230	$270
2025-06-23	Goldman Sachs	Maintains	Sell	Sell	$187	$219

[Company Profile] The Boston Beer Company, Inc. was founded in 1993. The Company is the largest craft brewer in the United States. The Company's beers are primarily positioned in the Better Beer category of the beer industry, which includes craft brewers, specialty beers and most imports. Better Beers are determined by higher price, quality, image and taste, as compared with regular domestic beers. Samuel Adams is one of the largest brands in the Better Beer category of the United States brewing industry, trailing the imports Corona and Heineken. In addition, AB InBev and MillerCoors have entered the Better Beer category, either by developing their own beers, acquiring, in whole or part, existing craft brewers, or by importing and distributing foreign brewers' brands.