On Nov 06, major Wall Street analysts update their ratings for $Freshpet (FRPT.US)$, with price targets ranging from $154 to $185.
J.P. Morgan analyst Kenneth Goldman maintains with a hold rating, and adjusts the target price from $126 to $154.
Deutsche Bank analyst Stephen Powers maintains with a buy rating, and adjusts the target price from $150 to $163.
Jefferies analyst Kaumil Gajrawala maintains with a hold rating, and adjusts the target price from $105 to $162.
TD Cowen analyst Robert Moskow maintains with a buy rating, and maintains the target price at $174.
Stifel analyst Mark Astrachan maintains with a buy rating, and adjusts the target price from $155 to $165.
Furthermore, according to the comprehensive report, the opinions of $Freshpet (FRPT.US)$'s main analysts recently are as follows:
The firm has increased its sales and adjusted EBITDA forecasts for the years 2024-2027 after Freshpet's strong performance in Q3, which included a sales and adjusted EBITDA beat and raised outlook. The firm maintains its stance that Freshpet is likely to secure a significant number of new fridge placements and expand shelf-space in the coming years.
The firm expressed increased confidence in Freshpet's trajectory towards surpassing its long-term objectives for 2027 and establishing itself as a leading dog food brand following a stronger-than-expected performance in Q3.
The firm noted that Freshpet has once again surpassed expectations, demonstrating consistent and noticeable growth in its top-line performance, with gains in scale and efficiency contributing to significant margin improvement. The company's growth narrative as a disruptive force in the consumer staples sector continues to garner investor interest.
Following Freshpet's Q3 performance which surpassed expectations and led to an upward revision of forecasts, there is anticipation of continued positive momentum for the shares.
Here are the latest investment ratings and price targets for $Freshpet (FRPT.US)$ from 7 analysts:
Note:
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