Freshpet, Inc. (FRPT)
NASDAQ: FRPT · IEX Real-Time Price · USD
119.41
+0.57 (0.48%)
At close: Jul 19, 2024, 4:00 PM
119.55
+0.14 (0.12%)
Pre-market: Jul 20, 2024, 9:29 AM EDT
Freshpet Stock Forecast
Stock Price Forecast
The 18 analysts with 12-month price forecasts for Freshpet stock have an average target of 130.94, with a low estimate of 80 and a high estimate of 168. The average target predicts an increase of 9.66% from the current stock price of 119.41.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for Freshpet stock from 18 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 4 | 5 | 5 | 8 | 8 | 9 |
| Buy | 5 | 5 | 5 | 5 | 5 | 5 |
| Hold | 5 | 4 | 4 | 4 | 4 | 4 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 14 | 14 | 14 | 17 | 17 | 18 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Citigroup | Citigroup | Hold Maintains $124 → $129 | Hold | Maintains | $124 → $129 | +8.03% | Jul 17, 2024 |
| B of A Securities | B of A Securities | Strong Buy Maintains $140 → $150 | Strong Buy | Maintains | $140 → $150 | +25.62% | Jul 10, 2024 |
| Wells Fargo | Wells Fargo | Buy Maintains $140 → $145 | Buy | Maintains | $140 → $145 | +21.43% | Jul 10, 2024 |
| Piper Sandler | Piper Sandler | Buy Maintains $150 | Buy | Maintains | $150 | +25.62% | Jul 2, 2024 |
| Oppenheimer | Oppenheimer | Buy Maintains $135 → $155 | Buy | Maintains | $135 → $155 | +29.80% | Jun 25, 2024 |
Financial Forecast
Revenue This Year
979.20M
from 766.90M
Increased by 27.68%
Revenue Next Year
1.22B
from 979.20M
Increased by 24.49%
EPS This Year
0.84
from -0.70
EPS Next Year
1.19
from 0.84
Increased by 41.39%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 1.0B | 1.3B | 1.6B | 2.0B | 2.4B |
| Avg | 979.2M | 1.2B | 1.5B | 1.8B | 2.2B |
| Low | 931.0M | 1.1B | 1.4B | 1.7B | 1.9B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 32.6% | 31.0% | 29.0% | 31.0% | 29.1% |
| Avg | 27.7% | 24.5% | 23.1% | 21.8% | 20.0% |
| Low | 21.4% | 16.9% | 15.5% | 10.6% | 6.1% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 1.55 | 2.25 | 2.98 | 3.33 | 4.23 |
| Avg | 0.84 | 1.19 | 2.15 | 2.41 | 3.28 |
| Low | 0.53 | 0.78 | 1.40 | 1.38 | 2.33 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | - | 167.3% | 151.0% | 54.9% | 75.6% |
| Avg | - | 41.4% | 80.8% | 12.2% | 36.0% |
| Low | - | -6.7% | 17.9% | -35.7% | -3.2% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.