DA Davidson Reiterates Buy Rating on Freshpet (FRPT)

DA Davidson analyst Brian Holland reiterated a Buy rating and $189.00 price target on Freshpet (NASDAQ: FRPT).

He said, "We reiterate BUY and $189 price target on FRPT, our best idea in Food. We appreciate the market's concerns ahead of initial FY25 guidance, particularly as consensus catches up to significant overdelivery the past two years and amidst recent tracked channel deceleration. However, we remind investors 1) FRPT has the most predictive demand model in Food, by far 2) operating efficiencies over the past two years are not simply a pull forward of future expected progress -- rather, the ceiling has been raised. We are buyers on any weakness not directly related to changes in the demand model and / or disruptions to operational progress."

For an analyst ratings summary and ratings history on Freshpet click here. For more ratings news on Freshpet click here.

Shares of Freshpet closed at $131.59 yesterday.

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