Freshpet price target lowered to $142 from $170 at Wells Fargo

Wells Fargo lowered the firm’s price target on Freshpet (FRPT) to $142 from $170 and keeps an Overweight rating on the shares. Shares underperformed as a small sales miss in Q4/FY25 outlook fuels top-line acceleration debate, the firm says. Investors may wait on signs of sales momentum, even with added flexibility in margin/profit upside in new FY27 targets, Wells adds.