Piper Sandler Maintains Overweight on Freshpet, Raises Price Target to $100
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Michael Lavery has maintained an Overweight rating on Freshpet (NASDAQ:FRPT) and increased the price target from $88 to $100. This adjustment reflects a positive outlook on the company's future performance.
January 23, 2024 | 1:15 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Piper Sandler's analyst has reaffirmed an Overweight rating on Freshpet and raised the price target to $100, indicating a bullish outlook on the stock.
The increase in price target by Piper Sandler suggests a strong conviction in Freshpet's growth prospects, which is likely to be viewed positively by investors. This could lead to a short-term increase in the stock price as the market reacts to the analyst's upgraded outlook.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100