Unveiling 7 Analyst Insights On Petco Health and Wellness
Portfolio Pulse from Benzinga Insights
Analysts have provided various ratings for Petco Health and Wellness (NASDAQ:WOOF) over the past quarter, with an average price target of $3.94, down from the previous $6.25. The ratings include 2 bullish, 3 somewhat bullish, and 2 indifferent. Notably, analysts from Jefferies, Morgan Stanley, RBC Capital, Goldman Sachs, Wedbush, and Needham have lowered their price targets. Petco's financial performance shows challenges with negative revenue trends, low net margin, ROE, and ROA, and a high debt-to-equity ratio.
December 19, 2023 | 1:00 pm
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NEGATIVE IMPACT
Analysts have lowered their price targets for Petco Health and Wellness, indicating potential concerns about the company's future performance. The average price target is now $3.94, a significant decrease from the previous $6.25.
The lowered price targets by multiple analysts suggest a bearish outlook for Petco's stock in the short term. The negative revenue trend and poor profitability metrics such as net margin, ROE, and ROA, along with a high debt-to-equity ratio, reinforce the cautious stance of analysts. This combination of factors is likely to negatively impact investor sentiment and could lead to a decrease in the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100