Freshpet Likely to Report 'Strong' Q3 Results Despite Difficult Backdrop, Oppenheimer Says

MT Newswires Live10-27 23:30

Freshpet (FRPT) is expected to report "strong" Q3 top- and bottom-line results despite a difficult pet backdrop, Oppenheimer said in a Tuesday note.

The company is scheduled to report its Q3 financial results on Nov. 4.

Analysts expect Freshpet to raise the lower end of its annual sales and adjusted EBITDA targets, overcoming potentially increasing transportation cost headwinds.

Oppenheimer said investors are fairly negative on the company's prospects due to competitive concerns, with top-line growth expected to moderate in 2027.

Analysts said, however, that the company has several avenues to boost its 2027 adjusted EBITDA margins close to its target of over 20%.

Oppenheimer maintained an outperform rating and $80 price target on the stock.

Price: 63.81, Change: -0.94, Percent Change: -1.45

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