Wells Fargo lowered the firm’s price target on Freshpet (FRPT) to $75 from $78 and keeps an Overweight rating on the shares. The firm notes Q1 had a solid start, but shares underperformed as hopes that accelerating sales could lift the EBITDA outlook were offset by incremental costs and macro caution. Wells stays positive as topline growth and gross margin upside underpin a positive earnings framework.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FRPT:
- Freshpet reports Q1 EPS 91c vs. (26c) last year
- Freshpet sees 2026 revenue growth 8%-11% from $1.1B in 2025, consensus $1.2B
- Freshpet: Buy Rating Reiterated as Strong Momentum Supports Unchanged $80 Price Target
- Freshpet Wins Buy Rating on Strong Q1 Beat, Raised Sales Outlook and Profitable Growth Trajectory
- Freshpet Delivers Strong Q1 Results and Raises Outlook