Freshpet (FRPT) PT Raised to $105 at TD Cowen on higher visiblity

TD Cowen analyst Robert Moskow raised the price target on Freshpet (NASDAQ: FRPT) to $105.00 (from $88.00) while maintaining an Outperform rating.

The analyst commented, "We are raising our Freshpet price target to $105 from $88. Our meeting with management at this year's ICR conference reinforced our conviction that the company will achieve its 2027 target of $1.8B sales and $324M EBITDA. Retail takeaway of 33% in 4Q met management's expectations, and they provide a highly credible plan for growing the business at a 25% rate in 2024 and beyond."

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