Piper Sandler Maintains Overweight Rating for Freshpet: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Piper Sandler has reaffirmed its Overweight rating on Freshpet (NASDAQ:FRPT) and increased its price target from $88.00 to $100.00. Freshpet's shares are currently trading at $87.40, and the new price target suggests a potential upside of 14.42%. Freshpet Inc. is a company that produces natural fresh meals and treats for pets, distributed across various retail channels in North America and internationally.
January 23, 2024 | 5:00 pm
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Piper Sandler maintains an Overweight rating on Freshpet and raises the price target to $100, indicating a potential 14.42% increase from the current price of $87.40.
The maintenance of an Overweight rating and an increase in the price target by a reputable analyst firm like Piper Sandler typically instills confidence in investors and can lead to a positive short-term impact on the stock price. The new target represents a significant upside from the current trading price, which may attract investor interest and potentially drive up the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100