Maxim Group analyst Anthony Vendetti has maintained their bullish stance on LSF stock, giving a Buy rating yesterday.
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Anthony Vendetti has given his Buy rating due to a combination of factors that suggest potential for growth despite recent challenges. Laird Superfood has faced some setbacks, including weaker-than-expected third-quarter results and lowered revenue guidance for 2025. These issues were attributed to unfavorable retail order timing, softness in the direct-to-consumer channel, and disruptions from the launch of a new product. However, the company is making strides in the wholesale channel and continues to innovate with new products, such as a reformulated superfood creamer and an upcoming dairy-based protein coffee.
Vendetti believes these new offerings align well with current health and wellness trends, which could drive future growth. Additionally, Laird Superfood’s strong distribution gains in multi-outlet and club channels are seen as positive indicators. Although there are concerns about margin pressures from commodity costs and tariffs, the company’s valuation is attractive, trading below peer averages. These factors, combined with a robust innovation pipeline, underpin the Buy rating despite the lowered price target.