BofA cuts target for Freshpet stock to USD 70.00

Published on 10/20/2026 at 21:52 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Freshpet reports November 4 results. Freshpet stock costs EUR 58.75 on October 20, 2026, minus 0.39 percent versus the Tradegate close.

Analyst target and reporting date

BofA lowered its Freshpet target from USD 72.00 to USD 70.00 on October 9, 2026.
Second-quarter revenue reached USD 305.59 million, up 15.40 percent year over year.
Freshpet stock costs EUR 58.75 at Lang & Schwarz on October 20, 2026 at 9:44 p.m. CEST, minus 0.39 percent versus the Tradegate close of October 19, 2026.
Freshpet will report third-quarter results on November 4, 2026.

FRPT, US3580391056, Illustration mit AI erstellt.

Bank of America lowered its Freshpet target from USD 72.00 to USD 70.00 while keeping a Neutral rating on October 9, 2026, as Markets Insider reported. Freshpet stock was trading at EUR 58.75 at Lang & Schwarz on October 20, 2026 at 9:44 p.m. CEST, minus 0.39 percent versus the Tradegate close of October 19, 2026 at EUR 58.98.

Revenue reached USD 305.59 million

Freshpet generated USD 305.59 million in second-quarter 2026 revenue, up 15.40 percent from the same quarter a year earlier. Net income reached USD 19.49 million, while operating profit was USD 21.71 million, according to the reported second-quarter figures for the period ended June 30, 2026.

The revenue result exceeded the USD 292.30 million consensus cited for the quarter, a USD 13.29 million difference. A Yahoo Finance review dated October 14, 2026, reported the 15.50 percent year-over-year sales increase and the 4.50 percent revenue beat.

Price remains below the yearly high

On Nasdaq, FRPT was last at USD 66.03 on October 20, 2026 at 3:49 p.m. ET. Its USD 46.45 to USD 86.00 52-week range places the quote 23.22 percent below the high and 42.06 percent above the low. Market capitalization was USD 3.2 billion, and the price-to-earnings ratio was 17.36 on the same date.

November 4 is the next date

Freshpet will report third-quarter 2026 results before the US market opens on November 4, 2026, covering the period ended September 30, 2026. The company said the conference call will begin at 8:00 a.m. ET, in a release dated October 14, 2026, available from Freshpet.

Comparison with peers

Freshpet: minus 0.39 percent, P/E 17.36, market capitalization USD 3.2 billion.

Chewy (NYSE, USD): plus 4.72 percent, P/E 32.59, market capitalization USD 8.6 billion.

Elanco Animal Health (NYSE, USD): minus 3.38 percent, P/E minus 56.76, market capitalization USD 11.3 billion.

Target reset meets a scheduled test

The USD 70.00 BofA target stands 5.71 percent above the USD 66.03 Nasdaq price. The next earnings release will provide the next quantified test for Freshpet's sales growth and profitability.

Freshpet stock was trading at EUR 58.75 at Lang & Schwarz on October 20, 2026 at 9:44 p.m. CEST, minus 0.39 percent versus the Tradegate close of October 19, 2026 at EUR 58.98. The further course of trading is shown by the continuously updated real-time quote of Freshpet stock.