Freshpet price target raised to $189 from $183 at DA Davidson

DA Davidson raised the firm’s price target on Freshpet (FRPT) to $189 from $183 and keeps a Buy rating on the shares after its Q3 earnings beat. The company is already overdelivering against its FY27 inputs / quality / logistics targets, though the business is in the early days in identifying / realizing operating efficiencies that could ultimately raise its gross margin ceiling, the analyst tells investors in a research note. This progress should also yield sufficient operating cash flow to eliminate the likelihood of future capital raises, the firm added.