Wells Fargo analyst Zachary Fadem raised the firm’s price target on Petco (WOOF) to $4 from $3.50 and keeps an Equal Weight rating on the shares. While Q2 comps were in-line, the firm sees Petco shares sharply higher tomorrow via EBITDA upside and additional signs of turnaround progress. That said, with topline still muted and high category competition, Wells stays sidelined.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WOOF:
- Petco Health and Wellness: Sell Rating Amid Declining Sales and Competitive Pressures
- Cautious Hold Rating for Petco Amidst Market Challenges and Uncertain Growth Prospects
- Petco Reports Q2 2025 Financial Results and Raises Outlook
- Closing Bell Movers: Elastic jumps 17% after Q2 earnings beat
- Petco options imply 12.6% move in share price post-earnings