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The latest update is out from Calavo Growers ( (CVGW) ).
At a special meeting on April 28, 2026, shareholders of Calavo Growers, Inc. approved the Agreement and Plan of Merger with Mission Produce, Inc., under which a Mission Produce subsidiary will merge with and into Calavo, with Calavo surviving the first merger before a subsequent merger into another Mission Produce subsidiary. Shareholders, however, rejected on an advisory basis the proposed merger-related compensation for Calavo’s named executive officers.
The transaction, which drew participation from about 73% of outstanding Calavo shares, remains subject to customary closing conditions, including regulatory and antitrust approvals in Mexico, and is expected to close in the fiscal quarter ending July 31, 2026. Upon completion of the mergers, trading in Calavo’s common stock on the Nasdaq Global Select Market is expected to be halted and the shares will be delisted, signaling Calavo’s transition into Mission Produce’s corporate structure and altering the company’s capital markets presence for existing shareholders.
The most recent analyst rating on (CVGW) stock is a Hold with a $27.00 price target. To see the full list of analyst forecasts on Calavo Growers stock, see the CVGW Stock Forecast page.
Spark’s Take on CVGW Stock
According to Spark, TipRanks’ AI Analyst, CVGW is a Neutral.
The score is anchored by improving financial stability and a very strong low-leverage balance sheet, supported by a constructive (but not powerful) technical backdrop. These positives are meaningfully offset by very expensive valuation (P/E ~155), plus weak recent revenue momentum and softer margins/cash flow versus FY2025; merger progress adds optional upside but also adds execution and regulatory risk.
To see Spark’s full report on CVGW stock, click here.
More about Calavo Growers
Calavo Growers, Inc. is a producer and marketer in the fresh food industry, focused on avocados and related produce. The company participates in the broader produce supply chain alongside peers such as Mission Produce, targeting both retail and foodservice markets with its fresh products.
Average Trading Volume: 286,501
Technical Sentiment Signal: Buy
Current Market Cap: $509.8M
See more insights into CVGW stock on TipRanks’ Stock Analysis page.