Baird analyst Peter Benedict has adjusted the price target for Freshpet (FRPT, Financial), lowering it from $157 to $125. Despite this revision, the firm maintains an Outperform rating for the company’s shares. This change comes after updating its projection model in light of a Q1 report preview, which suggests a potential slowdown in growth for the pet food company.
The decision to revise the price target reflects a more cautious outlook on Freshpet's financial performance in the upcoming quarter. The firm's expectations have been tempered as they anticipate a deceleration in growth, impacting their overall evaluation of the company.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 17 analysts, the average target price for Freshpet Inc (FRPT, Financial) is $133.13 with a high estimate of $189.00 and a low estimate of $90.00. The average target implies an upside of 67.97% from the current price of $79.26. More detailed estimate data can be found on the Freshpet Inc (FRPT) Forecast page.
Based on the consensus recommendation from 19 brokerage firms, Freshpet Inc's (FRPT, Financial) average brokerage recommendation is currently 1.9, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Freshpet Inc (FRPT, Financial) in one year is $143.33, suggesting a upside of 80.84% from the current price of $79.26. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Freshpet Inc (FRPT) Summary page.
