PetIQ, Inc. (PETQ)
NASDAQ: PETQ · Real-Time Price · USD
30.97
0.00 (0.00%)
Oct 22, 2024, 4:00 PM EDT - Market closed
PetIQ Stock Forecast
Stock Price Forecast
The 3 analysts with 12-month price forecasts for PetIQ stock have an average target of 29.67, with a low estimate of 28 and a high estimate of 31. The average target predicts a decrease of -4.20% from the current stock price of 30.97.
Analyst Consensus: Strong Buy
* Price targets were last updated on Aug 8, 2024.
Analyst Ratings
The average analyst rating for PetIQ stock from 3 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 | May '24 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 4 | 4 | 4 | 3 | 3 | 2 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 0 | 0 | 0 | 1 | 1 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 4 | 4 | 4 | 4 | 4 | 3 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Truist Securities | Truist Securities | Strong Buy → Hold Downgrades $30 → $31 | Strong Buy → Hold | Downgrades | $30 → $31 | +0.10% | Aug 8, 2024 |
| Benchmark | Benchmark | Strong Buy Reiterates $30 | Strong Buy | Reiterates | $30 | -3.13% | May 10, 2024 |
| Jefferies | Jefferies | Strong Buy Maintains $24 → $28 | Strong Buy | Maintains | $24 → $28 | -9.59% | Mar 19, 2024 |
| Jefferies | Jefferies | Strong Buy Initiates $22 | Strong Buy | Initiates | $22 | -28.96% | Dec 19, 2023 |
| Truist Securities | Truist Securities | Strong Buy Maintains $25 → $30 | Strong Buy | Maintains | $25 → $30 | -3.13% | Oct 2, 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 5.41%
EPS This Year
1.62
from 0.07
Increased by 2,216.86%
EPS Next Year
1.90
from 1.62
Increased by 17.19%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 1.2B | 1.3B | 1.4B | ||
| Avg | 1.2B | 1.2B | 1.3B | ||
| Low | 1.1B | 1.2B | 1.3B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 12.4% | 10.6% | 10.6% | ||
| Avg | 7.4% | 5.4% | 7.5% | ||
| Low | 1.3% | -1.1% | 3.2% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 1.90 | 2.06 | 2.33 | ||
| Avg | 1.62 | 1.90 | 2.26 | ||
| Low | 1.34 | 1.76 | 2.18 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 2,615.0% | 26.9% | 22.6% | ||
| Avg | 2,216.9% | 17.2% | 19.1% | ||
| Low | 1,818.0% | 8.8% | 14.5% |
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.