Freshpet remains a top pick into 2025 at DA Davidson

DA Davidson analyst Brian Holland says Freshpet (FRPT) remains the firm’s top pick into 2025 with a Buy rating and $189 price target “No news is good news” coming out of the ICR Conference for Freshpet, which is a “best in class” growth consumer packaged goods company, the analyst tells investors in a research note. The firm says that as food investors contemplate renewed demand concerns, the return of inflation, high interest rates, and speculation over the new administration’s priorities, Freshpet “appears well positioned to thrive.” Moreover, capital intensive assets dependent upon scale “tend to inflect sharply as they approach maturity,” which in Freshpet’s case “should become readily apparent over the next couple years,” contends DA Davidson.