Restaurant Brands International (QSR) Stock Forecast and Price Target (2026)
Last updated July 2026
Short answer
23 analysts covering Restaurant Brands International (QSR) carry an average price target of $85.65 as of August 2026, +5.9% against the $80.86 price at the time of the pull. The published targets run from $78.00 to $104.00, a spread of 30% of the average, so the disagreement is moderate. The rating split is 17 buy, 9 hold, 1 sell. A price target is what an analyst published on a date, not a prediction, and sell-side ratings skew positive across the whole market. Walnut is not an investment adviser.
QSR analyst price targets
QSR analyst data as of August 2026, sourced from Yahoo Finance and may be delayed. A price target is what an analyst published on a date, not a forecast Walnut endorses, and targets are typically set on a 12-month view. Verify current figures before deciding.
The average target of $85.65 sits roughly in line with the $80.86 price, +5.9%. The median is $85.00, and where the two differ the median is the steadier read, because one unusually high or low target cannot drag it.
What the QSR target range actually tells you
The published targets span $78.00 to $104.00. That gap is 30% of the average target, which counts as moderate disagreement. That is a fairly typical spread: enough agreement that the average means something, enough disagreement that it should not be treated as precise.
The useful move is to read the high target as one bull scenario and the low target as one bear scenario, then ask which set of assumptions you find more plausible. Both cases are worked through on the QSR is it a buy page.
Recent analyst actions on QSR
| Firm | Action | Target | Prior | Date |
|---|---|---|---|---|
| Scotiabank | Lowered (Sector Perform) | $81.00 | $83.00 | August 8, 2026 |
| Piper Sandler | Lowered (Overweight) | $81.00 | $85.00 | August 7, 2026 |
| Evercore ISI Group | Raised (Outperform) | $88.00 | $86.00 | August 7, 2026 |
| Citigroup | Lowered (Neutral) | $78.00 | $84.00 | July 24, 2026 |
| Morgan Stanley | Raised (Equal-Weight) | $79.00 | $78.00 | July 16, 2026 |
| Deutsche Bank | Lowered (Buy) | $85.00 | $86.00 | July 9, 2026 |
| TD Cowen | Raised (Hold) | $80.00 | $79.00 | July 9, 2026 |
| Guggenheim | Raised (Buy) | $85.00 | $80.00 | May 26, 2026 |
| Citigroup | Lowered (Neutral) | $84.00 | $88.00 | May 7, 2026 |
| Scotiabank | Raised (Sector Perform) | $83.00 | $81.00 | May 7, 2026 |
| Barclays | Raised (Overweight) | $92.00 | $85.00 | May 7, 2026 |
| Wells Fargo | Raised (Equal-Weight) | $80.00 | $75.00 | May 7, 2026 |
The most recent published rating actions on QSR within the last six months, from Yahoo Finance. Each row is dated because a target only means something alongside the date it was set. Walnut is not an investment adviser and does not endorse any of these views.
In the last six months there have been 7 raises and 5 cuts among these actions. The direction of revisions is often more telling than the level, because it shows which way informed opinion is moving.
How analysts rate QSR
Of the analysts with a published rating, 17 say buy, 9 say hold, and 1 says sell, so 63% carry a buy. That mix has been broadly steady over the last three months.
Read the distribution rather than the label. Sell ratings are rare across the entire market for structural reasons, so a stock with no sell ratings is unremarkable, while even a handful of them is worth understanding.
Why a QSR price target is not a prediction
- It is a 12-month model output. An analyst picks assumptions for revenue, margin, and a multiple, and the target falls out of the arithmetic. Change one assumption and the target moves a lot.
- The distribution is skewed. Sell-side coverage carries far more buy ratings than sell ratings across the whole market, so the average is not a balanced vote.
- Targets follow price as often as they lead it. Revisions frequently arrive after a move, not before, which is why a rising target is weak evidence on its own.
- Nobody is scored on it. There is no cost to a target that never gets close, so treat accuracy as unverified unless you check the firm's record yourself.
What could move QSR from here
In short: the drivers cited most often are Burger King US is doing the heavy lifting again, International is where the units and the royalty margin are, Simplification: refranchise, deleverage, and sunset the RH segment. The risk cited most often against it is two of the four brands are going backwards in their home markets: Popeyes comparable sales fell ~5.1% in the quarter (~-5.2% in the US) and its segment adjusted operating income slipped to ~$63 million from ~$66 million, while Tim Hortons comparable sales were ~0.1% (~0.1% in Canada) even though TH is still the largest single AOI contributor at ~$287 million, so the group's growth depends heavily on Burger King's momentum persisting against tougher comparisons.
Both sides are worked through properly, with the high and low targets used as the bull and bear anchors, on the QSR is it a buy page. This page deliberately stops at the numbers.
Investing in Restaurant Brands International with AI
Connect the broker you already use and ask Walnut's AI how QSR fits what you actually hold: whether you own it already through a fund, what it would do to your concentration, and how it has tracked the S&P 500. Read-only by default, and you approve anything before it reaches your broker.
FAQ
What is the price target for Restaurant Brands International (QSR)?
+
The average analyst price target for QSR is $85.65 as of August 2026, across 23 analysts. That is +5.9% against the $80.86 price at the time of the data pull, so the consensus sits roughly in line with where the stock trades. The median target, which is less distorted by one extreme view, is $85.00. Targets move constantly; verify the current figure before relying on it.
How high could QSR go?
+
The highest published target is $104.00, which is +28.6% against the $80.86 price. That is one analyst's most optimistic case, not a ceiling and not a forecast. The lowest is $78.00. The gap between them is the honest answer to this question: analysts who all follow Restaurant Brands International closely disagree by 30% of the average target, so treat any single number as one scenario.
How many analysts cover QSR?
+
23 analysts publish estimates on QSR as of August 2026. Of those with a published rating, 17 say buy, 9 hold, and 1 sell, so 63% carry a buy rating. More coverage usually means the consensus is better informed, though it also means the obvious points are already in the price.
Are analyst price targets for QSR accurate?
+
Treat them as informed opinion, not measurement. Two things are worth knowing. Sell-side ratings skew positive across the market, and QSR is no exception at 63% buy ratings, so the distribution is not a balanced vote. And targets tend to follow the share price at least as often as they lead it, getting raised after a stock has already run. They are most useful as a read on what the informed consensus expects, and least useful as a prediction of where the price lands.
Has the QSR price target been raised or cut recently?
+
In the last six months there have been 7 raises and 5 cuts among the published actions on QSR. The most recent was Scotiabank, which lowered its target to $81.00 from $83.00 on August 8, 2026. The direction of revisions often tells you more than the level, because it shows which way the informed view is moving.
Will QSR go up in 2026?
+
Nobody knows, including the analysts publishing targets. What the numbers on this page tell you is where informed opinion currently sits and how much it disagrees with itself, which is genuinely useful and completely different from a prediction. The risk most often cited against Restaurant Brands International: Two of the four brands are going backwards in their home markets: Popeyes comparable sales fell ~5.1% in the quarter (~-5.2% in the US) and its segment adjusted operating income slipped to ~$63 million from ~$66 million, while Tim Hortons comparable sales were ~0.1% (~0.1% in Canada) even though TH is still the largest single AOI contributor at ~$287 million, so the group's growth depends heavily on Burger King's momentum persisting against tougher comparisons. Walnut is not an investment adviser.
Walnut is informational, not investment advice, and does not publish price targets of its own. The analyst figures on this page come from a August 2026 data pull of published third-party research, are approximate, and change constantly. Verify current figures with your broker before acting on them.