PetIQ, Inc. (PETQ)
NASDAQ: PETQ · IEX Real-Time Price · USD
22.06
-0.18 (-0.81%)
Jul 12, 2024, 4:00 PM EDT - Market closed

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 31.46% from the current stock price of 22.06.

Analyst Consensus: Strong Buy
Target Low Average Median High
Price $28 $29 $30 $30
Change +26.93% +31.46% +35.99% +35.99%
* 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 '24Mar '24Apr '24May '24Jun '24Jul '24
Strong Buy 444444
Buy 000000
Hold 000000
Sell 000000
Strong Sell 000000
Total 444444

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Benchmark
Benchmark
Strong Buy
Reiterates
$30
Strong Buy Reiterates $30 +35.99% May 10, 2024
Jefferies
Jefferies
Strong Buy
Maintains
$24$28
Strong Buy Maintains $24$28 +26.93% Mar 19, 2024
Jefferies
Jefferies
Strong Buy
Initiates
$22
Strong Buy Initiates $22 -0.27% Dec 19, 2023
Truist Securities
Truist Securities
Strong Buy
Maintains
$25$30
Strong Buy Maintains $25$30 +35.99% Oct 2, 2023
Lake Street
Lake Street
Strong Buy
Initiates
$28
Strong Buy Initiates $28 +26.93% Sep 6, 2023
More Analyst Ratings

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%
Year 2019202020212022202320242025202620272028
Revenue
709.43M780.05M932.53M921.51M1.10B1.18B1.25B1.34B1.41B1.48B
Revenue Growth
34.21%9.95%19.55%-1.18%19.58%7.35%5.49%7.37%5.00%4.90%
EPS
-0.51-3.36-0.57-1.650.071.491.732.262.663.02
EPS Growth
-----2,031.07%16.24%30.59%17.57%13.41%
Forward PE
-----14.7912.729.748.297.31
No. Analysts -----77333
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20242025202620272028
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 20242025202620272028
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 20242025202620272028
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 20242025202620272028
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.