Mister Car Wash Inc. (MCW) PT Lowered to $8.50 at Stephens

Stephens analyst Thomas Wendler lowered the price target on Mister Car Wash Inc. (NASDAQ: MCW) to $8.50 (from $9.00) while maintaining a Equal Weight rating.

The analyst commented: "MCW will release earnings on April 30, 2025, AMC. Our estimates point towards 1Q25 results being in line with the street. With the current economic uncertainty, we expect management's forward commentary to hold more weight than the 1Q25 results. We see multiple data points likely to drive optimism towards 2Q25 (highlighted in the note below). Optimism will likely spill over to management's commentary on the full year 2025 and could be a near-term positive for the stock (barring additional macro announcements). We remain on the sidelines as we wait to see the impacts of membership runoff from UWC Base Wash price increases and the return of one-time wash customers. We reiterate our Equal-Weight rating and adjust our price target to $8.50 ($9.00 previously)."

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