Freshpet ( (FRPT) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
Freshpet’s stock movement has been influenced by insider stock purchases, indicating confidence in the company’s future. However, the recent Q4 earnings report led to mixed analyst reactions. Truist lowered its price target due to an earnings miss and a slowdown in the pet food sector, while Jefferies upgraded the stock based on strong results and a positive outlook. TD Cowen and Baird also reduced their targets, citing overreactions to temporary setbacks and presentations. Despite these changes, Freshpet remains optimistic with robust fiscal year 2024 results and growth projections for 2025.
More about Freshpet
YTD Price Performance: -25.80%
Average Trading Volume: 841,114
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $5.22B
For further insights into FRPT stock on TipRanks’ Stock Analysis page.
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