Laird Superfood price target raised to $6 from $4.50 at Roth MKM

Roth MKM raised the firm’s price target on Laird Superfood to $6 from $4.50 and keeps a Buy rating on the shares. The company’s Q2 report exceeded estimates, and the management again raised FY24 guidance as Laird’s key channels continue to perform well with potential for revenue growth to remain elevated, the analyst tells investors in a research note.