Solid Growth but Margin Headwinds Justify Neutral Hold Rating

Analyst Robert Moskow of TD Cowen maintained a Hold rating on Once Upon a Farm, PBC, retaining the price target of $26.00.

Robert Moskow has given his Hold rating due to a combination of factors, including solid but not explosive growth prospects and some margin headwinds. Management’s outlook for 25–29% sales growth, driven by expanding the baby cooler footprint to 5,000 units and launching protein pouches, is encouraging but largely in line with expectations rather than a clear upside surprise.

He also maintains a cautious stance because gross margins are projected to decline in 2026 as tariffs, unfavorable product mix from snacks, and cooler slotting fees offset pricing benefits and scale efficiencies. While the protein pouch initiative and further cooler expansion could unlock incremental revenue and share gains, execution risks and structural constraints on cooler-based distribution limit near-term upside, making a neutral Hold stance appropriate for now.

In another report released yesterday, Barclays also maintained a Hold rating on the stock with a $25.00 price target.

Based on the recent corporate insider activity of 14 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of OFRM in relation to earlier this year.