PetIQ, Inc. (PETQ)
NASDAQ: PETQ · IEX Real-Time Price · USD
16.53
-0.07 (-0.42%)
Apr 24, 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 75.44% from the current stock price of 16.53.
Analyst Consensus: Strong Buy
* Price targets were last updated on Mar 19, 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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 4 | 4 | 4 | 4 | 4 |
| Buy | 1 | 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 |
|---|---|---|---|---|---|---|---|
| Jefferies | Jefferies | Strong Buy Maintains $24 → $28 | Strong Buy | Maintains | $24 → $28 | +69.39% | Mar 19, 2024 |
| Jefferies | Jefferies | Strong Buy Initiates $22 | Strong Buy | Initiates | $22 | +33.09% | Dec 19, 2023 |
| Truist Securities | Truist Securities | Strong Buy Maintains $25 → $30 | Strong Buy | Maintains | $25 → $30 | +81.49% | Oct 2, 2023 |
| Lake Street | Lake Street | Strong Buy Initiates $28 | Strong Buy | Initiates | $28 | +69.39% | Sep 6, 2023 |
| Benchmark | Benchmark | Strong Buy Reiterates $30 | Strong Buy | Reiterates | $30 | +81.49% | Aug 15, 2023 |
Financial Forecast
Revenue This Year
1.17B
from 1.10B
Increased by 6.36%
Revenue Next Year
1.24B
from 1.17B
Increased by 5.97%
EPS This Year
1.31
from 0.07
Increased by 1,777.09%
EPS Next Year
1.60
from 1.31
Increased by 21.63%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| 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 |
|---|---|---|---|
| High | 12.2% | 10.5% | 10.0% |
| Avg | 6.4% | 6.0% | 6.8% |
| Low | -0.1% | -0.5% | 2.7% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 1.53 | 1.83 | 2.09 |
| Avg | 1.31 | 1.60 | 2.03 |
| Low | 1.13 | 1.31 | 1.95 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 2,090.0% | 39.0% | 30.7% |
| Avg | 1,777.1% | 21.6% | 27.0% |
| Low | 1,510.0% | -0.1% | 22.0% |
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.