Beyond The Numbers: 6 Analysts Discuss Traeger Stock
Portfolio Pulse from Benzinga Insights
Traeger Inc (NYSE:COOK) has seen varied analyst ratings over the past three months, with a shift towards a more cautious outlook recently. The average 12-month price target for COOK has been adjusted to $4.00 from $4.60, indicating a 13.04% decrease. Analysts from firms like Telsey Advisory Group, Piper Sandler, Baird, and Canaccord Genuity have updated their ratings and price targets, reflecting changes in market conditions and company performance. Despite a notable revenue growth of 18.35%, Traeger faces challenges with a net margin of -14.71%, ROE of -7.97%, ROA of -2.83%, and a high debt-to-equity ratio of 1.57.
May 03, 2024 | 4:00 pm
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Traeger Inc's stock faces a cautious outlook from analysts, with a revised average price target of $4.00, reflecting a 13.04% decrease from the previous target. Despite strong revenue growth, concerns about profitability and high debt levels may impact investor sentiment.
The adjustment in analyst ratings and price targets for COOK, combined with the company's financial challenges such as negative net margin, ROE, ROA, and high debt-to-equity ratio, suggest a bearish short-term outlook. The strong revenue growth is a positive factor, but the concerns about profitability and financial leverage are likely to weigh more heavily on investor sentiment in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100