PetIQ, Inc. (PETQ)
NASDAQ: PETQ · IEX Real-Time Price · USD
21.63
+1.93 (9.80%)
At close: Oct 2, 2023, 4:00 PM
22.33
+0.70 (3.24%)
After-hours: Oct 2, 2023, 7:48 PM EDT
PetIQ Stock Forecast
Stock Price Forecast
According to 4 stock analysts, the average 12-month stock price forecast for PetIQ stock is $26, which predicts an increase of 20.20%. The lowest target is $16 and the highest is $30. On average, analysts rate PetIQ stock as a strong buy.
Analyst Consensus: Strong Buy
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 | May '23 | Jun '23 | Jul '23 | Aug '23 | Sep '23 | Oct '23 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 1 | 2 | 3 |
| Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Hold | 0 | 0 | 0 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 2 | 2 | 2 | 2 | 3 | 4 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Truist Securities | Truist Securities | Strong Buy Maintains $25 → $30 | Strong Buy | Maintains | $25 → $30 | +38.70% | Oct 2, 2023 |
| Lake Street | Lake Street | Strong Buy Initiates $28 | Strong Buy | Initiates | $28 | +29.45% | Sep 6, 2023 |
| Benchmark | Benchmark | Strong Buy Reiterates $30 | Strong Buy | Reiterates | $30 | +38.70% | Aug 15, 2023 |
| Benchmark | Benchmark | Strong Buy Reiterates $30 | Strong Buy | Reiterates | $30 | +38.70% | Feb 13, 2023 |
| Raymond James | Raymond James | Buy Maintains $21 → $16 | Buy | Maintains | $21 → $16 | -26.03% | Oct 25, 2022 |
Financial Forecast
Revenue This Year
1.05B
from 921.51M
Increased by 14.27%
Revenue Next Year
1.11B
from 1.05B
Increased by 5.79%
EPS This Year
0.85
from -1.65
EPS Next Year
1.12
from 0.85
Increased by 31.70%
Revenue Forecast
| Revenue | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|
| High | 1.1B | 1.2B | 1.2B | 1.3B | 1.4B |
| Avg | 1.1B | 1.1B | 1.2B | 1.2B | 1.3B |
| Low | 1.0B | 1.1B | 1.1B | 1.2B | 1.3B |
Revenue Growth
| Revenue Growth | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|
| High | 19.0% | 11.7% | 9.3% | 8.5% | 10.1% |
| Avg | 14.3% | 5.8% | 5.0% | 5.4% | 7.0% |
| Low | 9.3% | 0.1% | -0.3% | 1.3% | 2.8% |
EPS Forecast
| EPS | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|
| High | 0.97 | 1.22 | 1.76 | 1.94 | 2.29 |
| Avg | 0.85 | 1.12 | 1.51 | 1.89 | 2.22 |
| Low | 0.73 | 0.97 | 1.26 | 1.81 | 2.14 |
EPS Growth
| EPS Growth | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|
| High | - | 43.3% | 57.6% | 28.2% | 21.3% |
| Avg | - | 31.7% | 35.3% | 24.6% | 17.8% |
| Low | - | 14.1% | 12.9% | 19.7% | 13.2% |
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.