Laird Superfood price target lowered to $11 from $12 at Craig-Hallum

Craig-Hallum lowered the firm’s price target on Laird Superfood (LSF) to $11 from $12 and keeps a Buy rating on the shares following quarterly results. The firm notes topline results came in below estimates, mostly on e-commerce revenues, and FY25 guidance was slightly reduced, primarily due to timing of wholesale orders. Entry into dairy remains a significant growth catalyst in the first half of 2026, Craig-Hallum adds. With breakeven EBITDA, no debt, $15M in cash and inventories and just 0.8x EV/sales, the firm continues to see compelling value in Laird’s shares.