Wedbush analyst Seth Basham lowered the firm’s price target on Petco (WOOF) to $4 from $6 and keeps an Outperform rating on the shares. The firm notes the company reported Q4 results that slightly missed consensus expectations on the top line, while beating on EBITDA. The company guided 2025 sales growth modestly below expectations but EBITDA above expectations. Wedbush believes the results demonstrate solid progress under new CEO Joel Anderson to return the business model to retail operating excellence and drive structural costs out.
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Read More on WOOF:
- Petco price target lowered to $3.50 from $5 at Baird
- Petco price target lowered to $4 from $6 at RBC Capital
- Petco price target lowered to $3.25 from $5.50 at UBS
- Petco Health and Wellness: Balancing Profitability and Growth Amidst Competitive Challenges
- Petco Reports 2024 Financial Results and 2025 Outlook
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