PetIQ, Inc. (PETQ)
NASDAQ: PETQ · IEX Real-Time Price · USD
21.37
-0.35 (-1.61%)
At close: Jul 19, 2024, 4:00 PM
21.38
+0.01 (0.05%)
Pre-market: Jul 20, 2024, 9:29 AM EDT
PetIQ Stock Forecast
Stock Price Forecast
The 4 analysts with 12-month price forecasts for PetIQ stock have an average target of 29, with a low estimate of 28 and a high estimate of 30. The average target predicts an increase of 35.70% from the current stock price of 21.37.
Analyst Consensus: Strong Buy
* Price targets were last updated on May 10, 2024.
Analyst Ratings
The average analyst rating for PetIQ stock from 4 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 | 4 | 4 | 4 | 4 | 4 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 0 | 0 | 0 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 4 | 4 | 4 | 4 | 4 | 4 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Benchmark | Benchmark | Strong Buy Reiterates $30 | Strong Buy | Reiterates | $30 | +40.38% | May 10, 2024 |
| Jefferies | Jefferies | Strong Buy Maintains $24 → $28 | Strong Buy | Maintains | $24 → $28 | +31.02% | Mar 19, 2024 |
| Jefferies | Jefferies | Strong Buy Initiates $22 | Strong Buy | Initiates | $22 | +2.95% | Dec 19, 2023 |
| Truist Securities | Truist Securities | Strong Buy Maintains $25 → $30 | Strong Buy | Maintains | $25 → $30 | +40.38% | Oct 2, 2023 |
| Lake Street | Lake Street | Strong Buy Initiates $28 | Strong Buy | Initiates | $28 | +31.02% | Sep 6, 2023 |
Financial Forecast
Revenue This Year
1.18B
from 1.10B
Increased by 7.35%
Revenue Next Year
1.25B
from 1.18B
Increased by 5.49%
EPS This Year
1.49
from 0.07
Increased by 2,031.07%
EPS Next Year
1.73
from 1.49
Increased by 16.24%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 1.2B | 1.3B | 1.4B | 1.4B | 1.5B |
| Avg | 1.2B | 1.2B | 1.3B | 1.4B | 1.5B |
| Low | 1.1B | 1.2B | 1.3B | 1.4B | 1.4B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 12.4% | 10.6% | 10.5% | 8.1% | 8.0% |
| Avg | 7.4% | 5.5% | 7.4% | 5.0% | 4.9% |
| Low | 0.9% | -1.4% | 3.1% | 0.8% | 0.8% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 1.66 | 1.96 | 2.33 | 2.74 | 3.11 |
| Avg | 1.49 | 1.73 | 2.26 | 2.66 | 3.02 |
| Low | 1.34 | 1.33 | 2.18 | 2.56 | 2.90 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 2,270.0% | 31.6% | 34.4% | 21.0% | 16.7% |
| Avg | 2,031.1% | 16.2% | 30.6% | 17.6% | 13.4% |
| Low | 1,818.0% | -10.7% | 25.5% | 13.0% | 9.0% |
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.