Mama’s Creations price target raised to $11 from $10 at Roth MKM

Roth MKM analyst George Kelly raised the firm’s price target on Mama‘s Creations (MAMA) to $11 from $10 and keeps a Buy rating on the shares. The company’s Q3 results were “mixed”, with margin headwinds that surfaced early this fiscal year continuing into Q3 but improving in November, while distribution growth, promotional spend, and M&A helping sustain double-digit revenue growth into FY26 and beyond, the analyst tells investors in a research note. Shares of Mama’s Creations are “not inexpensive”, but there is potential for the business to “grow dramatically” in the coming years, the firm adds.