Todd Brooks, an analyst from Benchmark Co., maintained the Buy rating on Freshpet (FRPT – Research Report). The associated price target remains the same with $195.00.
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Todd Brooks has given his Buy rating due to a combination of factors that highlight Freshpet’s strategic decisions and financial forecast. The analyst emphasizes the company’s impressive margin improvements projected for 2027, with a substantial increase in adjusted gross and AEBITDA margins. These anticipated enhancements in profitability, despite a modest shortfall in recent revenue growth, indicate a strong long-term financial position for Freshpet.
Additionally, Freshpet’s focus on expanding its customer base, particularly targeting high-value pet owners, and its strategic marketing efforts are key elements driving the Buy rating. The company’s planned product line extensions and distribution expansions are expected to boost the buy rate and expand its market reach, contributing to the overall positive outlook for the stock.
Brooks covers the Consumer Cyclical sector, focusing on stocks such as BJ’s Restaurants, Denny’s, and Papa John’s International. According to TipRanks, Brooks has an average return of -1.6% and a 37.97% success rate on recommended stocks.
In another report released today, TD Cowen also maintained a Buy rating on the stock with a $141.00 price target.