Greenridge lowered the firm’s price target on Barfresh Food Group (BRFH) to $4.50 from $6 and keeps a Buy rating on the shares due to the potential dilution from a convertible debt offering. Management is referring to 2026 as a transition year, but it is a transition year that will see the company “break through on profitability and much faster sales growth,” the analyst tells investors.
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Read More on BRFH:
- Barfresh: Arps Acquisition, Education Channel Expansion, and Strengthened Balance Sheet Underpin Buy Rating and $6 Target
- Barfresh Food Group Charts Bold Post-Acquisition Growth
- Barfresh Sets Strong 2026 Growth Outlook and Financing
- Barfresh Food Group Delays Annual 10-K Filing
- Barfresh Food Group Announces Board Director Resignation