Analyst Anthony Vendetti of Maxim Group maintained a Buy rating on Barfresh Food Group (BRFH – Research Report), retaining the price target of $6.00.
Anthony Vendetti has given his Buy rating due to a combination of factors influencing Barfresh Food Group’s potential growth. Despite recent manufacturing challenges that impacted their fourth-quarter results, the company is expected to resolve these issues by the end of the second quarter of 2025. This resolution is anticipated to stabilize production and improve sales and margins.
Additionally, Barfresh maintains strong relationships within the education sector, a key market for its products, and is actively negotiating new contracts for the upcoming school year. The introduction of their new Pop & Go product has received positive feedback, and it is expected to contribute significantly to revenue in the latter half of 2025. Furthermore, the company’s valuation is considered attractive, with a 12-month price target set at $6.00, reflecting confidence in its growth prospects and market position.