Forecasting The Future: 8 Analyst Projections For Petco Health and Wellness
Portfolio Pulse from Benzinga Insights
Petco Health and Wellness (NASDAQ:WOOF) was analyzed by 8 analysts, showing a mix of ratings from bullish to bearish. The average 12-month price target is now $2.62, down from $3.67, with a high estimate of $5.00 and a low of $1.50. Analysts from firms like Citigroup, B of A Securities, and Wells Fargo have lowered their price targets, reflecting a cautious outlook on the company's financial performance. Despite a solid revenue growth rate of 6.12% as of January 31, 2024, Petco faces challenges in profitability, debt management, and operational efficiency.

May 07, 2024 | 9:01 pm
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Petco Health and Wellness has received a mix of analyst ratings, with a lowered average price target of $2.62. Despite showing revenue growth, the company struggles with profitability and debt management.
The lowered price targets and mixed analyst ratings reflect a cautious outlook on Petco's financial health and operational efficiency. Despite positive revenue growth, concerns about profitability and debt management could negatively impact investor sentiment and stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100