Freshpet: Buy Rating Reiterated as Strong Momentum Supports Unchanged $80 Price Target
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Robert Moskow from TD Cowen has reiterated a Buy rating on Freshpet, maintaining a price target of $80. He cites strong sales and earnings growth, driven by volume, and improved gross margins. Despite cautious management guidance due to macro uncertainty, Moskow expects faster sales growth through 2026 and a targeted EBITDA margin of 20-22% by 2027. He believes commodity cost risks will not significantly impact results soon. His positive outlook reflects a favorable risk-reward profile for the stock.
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