Mama’s Creations (MAMA) PT Raised to $24 at DA Davidson on Organic Sales Growth Potential

DA Davidson analyst Brian Holland raised the price target on Mama’s Creations (NASDAQ: MAMA) to $24.00 (from $19.00) while maintaining a Buy rating.

The analyst commented, "We continue to be as highly convicted in our MAMA thesis as any we've had in Food in several years (since early innings FRPT-BUY). There are multiple paths to delivering organic net sales growth well in excess of the +10% embedded in our street high FY27E, as well as ample low hanging fruit to catalyze margin expansion further & faster than our above consensus EBITDA projects -- all amplified by the roll up opportunity within a highly fragmented market. In this report, we are raising FY27E adjusted EBITDA to $25.0M (from $21.8M) and increasing our price target to $24 (from $19)."

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