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Strong Buy Stocks from Top Wall Street Analysts
Latest stocks with a Strong Buy rating from the top performing 25% of analysts tracked by WallStreetZen

Analyst / FirmCompanyPriceRatingPrice TargetUpside/DownsideDate
Brian Holland
DA Davidson
Top 21%
80
Freshpet IncFRPT
$151.59Strong Buy$189.00+24.68%
a day ago
Analyst Ranking
Top 21%
#968 out of 4726 analysts
Average Return
+9.56%
Win Rate
55%23 out of 42
Risk vs Reward
Poor
Good

Analyst Color

DA Davidson's Brian Holland raised their price target on Freshpet (NASDAQ: FRPT) by 3.3% from $183 to $189 on 2024/11/06. The analyst maintained their Strong Buy rating on the stock.

Freshpet reported its Q3 2024 earnings.

The company delivered an earnings beat, Holland told investors.

Although Freshpet has just begun to find and implement operational reductions that could increase its gross margin ceiling, the analyst said the company has already exceeded its inputs, quality, and logistics targets for FY 2027. 

Holland believes this development could result in enough operational cash flow to minimize the need for future capital raises.

Earnings Report

For Q3 2024, Freshpet reported:

  • EPS of $0.24, which beat the Zacks Consensus Estimate of $0.14 and, by 260%, Q3 2023’s $0.15.
  • Revenue of $253.37M, which beat surpassing the Zacks Consensus Estimate by 2.34% and, by 26.3%, Q3 2023’s $200.62M.

For FY 2024, management guided:

  • Revenue of ~$$975M.
  • EBITDA of $155M+.
  • Capex of ~$180M.

CEO Billy Cyr commented: "Our Q3 results demonstrate the strength and consistency of both net sales and profitability growth we have been striving to deliver. 

“We delivered our 25th consecutive quarter of >25% Y/Y net sales growth and matched that with a very strong operating performance. 

“This further strengthens our confidence in our ability to meet or exceed our 2027 goals.

“We are raising our net sales and Adjusted EBITDA guidance for 2024 to reflect this continued strong performance and our confidence in our ability to finish the year strongly and, as a result, create significant shareholder value in a way that serves pets, people, and the planet."

Philippe Houchois
Jefferies
Top 19%
82
Tesla IncTSLA
$800.00Strong Buy$850.00+6.25%
2 days ago

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