Stifel analyst Mark Astrachan maintains $Freshpet (FRPT.US)$ with a buy rating, and maintains the target price at $165.
According to TipRanks data, the analyst has a success rate of 64.1% and a total average return of 14.4% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Freshpet (FRPT.US)$'s main analysts recently are as follows:
The firm has increased its sales and adjusted EBITDA forecasts for the years 2024-2027 after Freshpet surpassed sales and adjusted EBITDA expectations in Q3. The firm maintains the view that Freshpet is positioned to secure a significant number of additional new fridge placements and expand its shelf-space in the coming years, as conveyed to investors in a post-earnings update.
The firm's confidence in Freshpet's trajectory towards surpassing its 2027 long-term goals and establishing itself as a mainstream dog food brand is strengthened by the company's third-quarter performance that exceeded expectations.
The firm highlighted that Freshpet reported results that surpassed expectations once again, showcasing persistent and clear growth on the top line, with gains in scale and efficiency propelling considerable margin improvement. The company's ongoing narrative as a disruptive force in the consumer staple sector continues to garner investor interest.
Note:
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