- Goldman Sachs analyst Jason English upgraded Freshpet Inc FRPT to Buy from Neutral with a price target of $136, up from $111, implying a 33.91% upside.
- The analyst thinks that the entry point on Freshpet shares looks even more compelling, given the stock's recent negative re-rating that brought down its enterprise value to expected sales multiple to 6.9-times from 12.9-times.
- The company's FY22 sales outlook stands at $575 million, up ~35% from FY21.
- Price Action: FRPT shares are trading higher by 2.16% at $103.75 in premarket on the last check Wednesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
|---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
