Citi lowered the firm’s price target on Freshpet (FRPT) to $142 from $155 and keeps a Neutral rating on the shares ahead of the Q4 report. The company is riding a five-quarter streak of sales and EBITDA beats, and another one seems possible in Q4, the analyst tells investors in a research note. The firm says that for 2025 sales growth, the consensus estimate of 24.7% “could ultimately be achievable,” but adds it is not confident Freshpet will initially guide to it. Given the “abrupt” share pullback this week, the setup seems constructive into the earnings print, contends Citi.
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