Evercore cut target to USD 3.00 for Petco stock

Published on 10/08/2026 at 21:45 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Petco stock posted USD 1.49 billion in Q2 revenue, up 0.05 percent. It traded at EUR 1.99 on October 8, 2026 versus EUR 1.98, plus 0.51 percent.

Key points in brief

Evercore ISI cut its Petco price target from USD 4.00 to USD 3.00 while retaining an In Line rating on September 29, 2026.
Petco reported USD 1.49 billion in second-quarter 2026 net sales and USD 38.66 million in net income.
WOOF was trading at EUR 1.99 at Lang & Schwarz on October 8, 2026, plus 0.51 percent versus the prior close.
Petco reaffirmed fiscal 2026 adjusted EBITDA guidance of USD 415 million to USD 430 million.

WOOF, US71601V1052, Illustration mit AI erstellt.

Evercore ISI cut its Petco price target from USD 4.00 to USD 3.00 and retained an In Line rating on September 29, 2026, according to Markets Insider. Petco stock was trading at EUR 1.99 at Lang & Schwarz on October 8, 2026 at 9:38 p.m. CEST, plus 0.51 percent versus the prior close of EUR 1.98.

Petco delivered stronger profit

Petco reported USD 1.49 billion in net sales for the second quarter of 2026, up 0.05 percent from the second quarter of 2025. Net income reached USD 38.66 million, compared with USD 13.97 million a year earlier, while adjusted EBITDA rose to USD 122.22 million from USD 113.86 million, according to Trivano on September 2, 2026.

The earnings quality deserves attention because the quarter included a USD 6.80 million net benefit from tariff refunds. Excluding that benefit, normalized adjusted EBITDA was USD 115.40 million, still above the USD 113.86 million reported for the second quarter of 2025.

What does the target cut signal?

Evercore's move places its USD 3.00 target above the Lang & Schwarz price, but the lower target shows a more cautious valuation framework than the previous USD 4.00 objective. The latest company outlook still calls for fiscal 2026 net sales to be flat to up 1.50 percent year over year and adjusted EBITDA of USD 415 million to USD 430 million, according to Trivano.

Three recent company events

On September 2, 2026, Petco reported USD 1.49 billion in second-quarter net sales and USD 38.66 million in net income through Trivano. On September 4, 2026, Chief Financial Officer Sabrina Simmons reported 119,445 shares withheld for tax liabilities at USD 2.52 per share, according to StockTitan. On September 29, 2026, Evercore lowered its target from USD 4.00 to USD 3.00, as Markets Insider reported.

Upcoming reporting dates

StockAnalysis lists November 24, 2026, after market close, as the next estimated earnings date, while Makkler lists December 2, 2026, as the next earnings date, according to StockAnalysis and Makkler.

WOOF trades in after-hours

At Lang & Schwarz, Petco stock was trading at EUR 1.99 on October 8, 2026 at 9:38 p.m. CEST, up 0.51 percent from the EUR 1.98 prior close dated October 7, 2026. The primary listing is NASDAQ, where the quoted currency is USD; the 52-week range was USD 2.14 to USD 3.88 and market capitalization was USD 635.6 million as of October 8, 2026. The further course of trading is shown by the continuously updated real-time quote of Petco stock.