Once Upon a Farm initiated with an Outperform at Oppenheimer

Oppenheimer initiated coverage of Once Upon a Farm (OFRM) with an Outperform rating and $35 price target which offers over 45% upside from current levels. The firm believes the company represents one of the most attractive small-cap growth stories in the food space. Once Upon is well positioned to “continue disrupting” the kid’s food space and sustain “industry leading” double-digit sales and adjusted EBITDA growth for the foreseeable future, the analyst tells investors in a research note.