Truist lowered the firm’s price target on Freshpet (FRPT) to $50 from $70 and keeps a Hold rating on the shares after its Q3 results and FY25 EBITDA outlook narrowed lower. Pet ownership trends are still normalizing following the COVID-era spike in pet adoptions, while the delayed recovery of the category has led to slow growth in the pet food category that will not begin to resolve until at least 2026, the analyst tells investors in a research note.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FRPT:
- Freshpet price target lowered to $83 from $101 at DA Davidson
- Freshpet’s Uncertain Growth Outlook: Hold Rating Amid Revised Guidance and Market Challenges
- Freshpet Inc. Reports Strong Q3 2025 Results
- Freshpet’s Strong Performance and Growth Potential Justifies Buy Rating
- Freshpet Reports Strong Q3 2025 Financial Results