Restaurant Brands International Inc. — Wall Street Analyst Estimates & Price Targets

QSR

NYSEConsumer CyclicalRestaurantsCIK 0001618756rbi.comAbout QSR

Last close · Oct 26, 202674.48−0.86 (−1.14%)

Market cap$26.0B

6 firms' latest targets, last 90 days: median $85.50 ($80.00–$88.00), 15% above the last close.

Price and published targets

daily close, 12 months · each dot a target, a firm's latest darker

Each firm's latest target

last 90 days · 6 firms

Date	Firm	Target	Previous	Change	Vs price then	Vs price now
2026-10-20	Mizuho Securities	$85.00	—	—	+14%	+14%
2026-10-15	Morgan Stanley	$82.00	$79.00	▲ 4%	+13%	+10%
2026-09-18	Guggenheim	$86.00	$85.00	▲ 1%	+17%	+15%
2026-09-16	Seaport Global	$88.00	—	—	+17%	+18%
2026-08-10	C.L. King	$80.00	$81.00	▼ 1%	+10%	+7%
2026-08-07	Evercore ISI	$88.00	—	—	+20%	+18%

Consensus estimates

revenue and EPS by fiscal year · reported years marked

FY	Revenue	YoY	EPS	YoY	Revenue range	EPS range	Analysts
2023reported	$7.0B	+8%	$3.76	+16%	est. $7.0B+0%	est. $3.24	16
2024reported	$8.4B	+20%	$3.18	-15%	est. $8.4B+0%	est. $3.34	17
2025reported	$9.4B	+12%	$2.35	-26%	est. $9.4B+1%	est. $3.68	18
2026	$9.9B	+5%	$4.05	+10%	$9.8B–$9.9B	$3.91–$4.14	20
2027	$9.9B	+0%	$4.42	+9%	$9.3B–$10.4B	$4.19–$4.60	20
2028	$9.9B	+0%	$4.87	+10%	$9.1B–$10.7B	$4.79–$5.05	12
2029	$10.4B	+5%	$5.54	+14%	$9.9B–$10.8B	$5.20–$5.83	10
2030	$10.0B	-3%	$5.83	+5%	$9.5B–$10.4B	$5.47–$6.14	6

A reported year shows the company's figures, with the consensus beside it (revenue against it in %). Reported EPS is GAAP diluted; the analysts' EPS usually leaves items such as stock compensation out, so the two are not like for like. Faded: a year the valuation models do not read — they read the first 3, and a later one only while 10 or more analysts cover every year up to it — or one under 5 analysts.

The analysts at a glance

$85.50median target, 15% above the last close

Firms with a target · last 90 days: 6
Lowest – highest target: $80.00 – $88.00
Current grades of 19 firms: positive / neutral / negative: 12 / 7 / 0
Upgrades / downgrades · 12 months: 2 / 1
Consensus revenue growth · next 3 FY: +2% a year

Current grades

each firm's latest · 19 firms

As of	Firm	Grade
2026-10-20	Citigroup	“Neutral”
2026-10-15	Morgan Stanley	“Equal Weight”
2026-10-07	TD Cowen	“Hold”
2026-09-29	J.P. Morgan	“Overweight”
2026-09-25	Argus Research	“Hold”
2026-09-18	Guggenheim	“Buy”
2026-08-07	Piper Sandler	“Overweight”
2026-08-07	Evercore ISI	“Outperform”
2026-08-07	Scotiabank	“Sector Perform”
2026-07-09	Deutsche Bank	“Buy”

9 more

2026-05-07	Barclays	“Overweight”
2026-05-07	Baird	“Neutral”
2026-05-07	Wells Fargo	“Equal Weight”
2026-05-04	UBS	“Buy”
2026-04-21	RBC Capital	“Outperform”
2026-04-20	Keybanc	“Overweight”
2026-03-18	Oppenheimer	“Outperform”
2026-03-02	Truist	“Buy”
2026-03-02	Stifel	“Buy”

Grade changes

last 24 months · 5

Date	Firm	Grade
2026-09-25	Argus Research	“Buy” → “Hold” downgrade
2026-03-02	Stifel	“Hold” → “Buy” upgrade
2026-03-02	Piper Sandler	“Neutral” → “Overweight” upgrade
2025-08-15	Argus Research	“Buy” → “Hold” downgrade
2025-01-24	Guggenheim	“Neutral” → “Buy” upgrade

49 older than 24 months

2023-11-30	Bernstein	“Market Perform” → “Outperform” upgrade
2023-09-29	Loop Capital	“Hold” → “Buy” upgrade
2023-08-22	Northcoast Research	“Neutral” → “Buy” upgrade
2023-03-31	TD Cowen	“Market Perform” → “Outperform” upgrade
2023-02-27	TD Cowen	“Market Perform” → “Perform” revised
2023-02-16	Keybanc	“Sector Weight” → “Overweight” upgrade
2023-01-20	BMO Capital	“Market Perform” → “Outperform” upgrade
2022-11-21	Morgan Stanley	“Underweight” → “Equal Weight” upgrade
2022-11-04	Goldman Sachs	“Sell” → “Neutral” upgrade
2022-10-10	OTR Global	“Mixed” → “Positive” upgrade
2022-09-08	Bernstein	“Market Perform” → “Perform” revised
2022-08-09	Argus Research	“Hold” → “Buy” upgrade
2022-05-04	Stifel	“Buy” → “Hold” downgrade
2022-04-12	Citigroup	“Buy” → “Neutral” downgrade
2022-01-14	Morgan Stanley	“Equal Weight” → “Underweight” downgrade
2022-01-03	Piper Sandler	“Overweight” → “Neutral” downgrade
2021-12-07	Evercore ISI	“In Line” → “Outperform” upgrade
2021-11-11	Keybanc	“Overweight” → “Sector Weight” downgrade
2021-10-27	Argus Research	“Buy” → “Hold” downgrade
2021-10-26	BMO Capital	“Outperform” → “Market Perform” downgrade
2021-08-26	Oppenheimer	“Perform” → “Outperform” upgrade
2021-08-03	Stephens & Co.	“Overweight” → “Equal Weight” downgrade
2021-05-06	Argus Research	“Hold” → “Buy” upgrade
2021-03-11	TD Cowen	“Outperform” → “Market Perform” downgrade
2021-01-19	Morgan Stanley	“Overweight” → “Equal Weight” downgrade
2021-01-07	Stephens & Co.	“Equal Weight” → “Overweight” upgrade
2020-12-17	Wells Fargo	“Equal Weight” → “Overweight” upgrade
2020-08-07	Evercore ISI	“Outperform” → “In Line” downgrade
2020-05-15	Stifel	“Hold” → “Buy” upgrade
2020-01-21	Deutsche Bank	“Hold” → “Buy” upgrade
2020-01-08	Bank of America	“Neutral” → “Underperform” downgrade
2019-09-30	Longbow Research	“Underperform” → “Neutral” upgrade
2019-05-13	Longbow Research	“Neutral” → “Underperform” downgrade
2019-01-24	BMO Capital	“Market Perform” → “Outperform” upgrade
2018-07-17	TD Cowen	“Market Perform” → “Outperform” upgrade
2018-04-23	BMO Capital	“Outperform” → “Market Perform” downgrade
2018-03-26	Morgan Stanley	“Equal Weight” → “Overweight” upgrade
2017-09-07	Credit Suisse	“Neutral” → “Outperform” upgrade
2017-06-14	Oppenheimer	“Perform” → “Outperform” upgrade
2017-02-23	Longbow Research	“Underperform” → “Neutral” upgrade
2017-01-06	UBS	“Neutral” → “Buy” upgrade
2016-10-19	Stephens & Co.	“Equal Weight” → “Overweight” upgrade
2016-09-26	Longbow Research	“Neutral” → “Underperform” downgrade
2016-07-18	OTR Global	“Mixed” → “Positive” upgrade
2016-04-11	RBC Capital	“Sector Perform” → “Outperform” upgrade
2016-04-08	Morgan Stanley	“Overweight” → “Equal Weight” downgrade
2015-11-02	RBC Capital	“Outperform” → “Underperform” downgrade
2015-04-15	TD Cowen	“Market Perform” → “Perform” revised
2015-03-05	Goldman Sachs	“Buy” → “Neutral” downgrade

Targets, grades and estimates are quoted from third parties (via Financial Modeling Prep) and are theirs, not ours; each target links to the report it was published in. A firm counts once, at its latest target or grade.