Evercore cuts Petco target to USD 3.00 for Petco Health and Wellness stock

Published on 10/20/2026 at 13:57 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Petco reports USD 1.49 billion in second-quarter sales and USD 122.2 million adjusted EBITDA. Petco Health and Wellness stock costs EUR 2.08 on October 20, 2026.

Petco operating and analyst markers

Evercore lowered its price target to USD 3.00 on September 29, 2026.
Second-quarter 2026 net sales reached USD 1.49 billion, while adjusted EBITDA was USD 122.2 million.
Petco Health and Wellness stock traded at EUR 2.08 at Lang & Schwarz on October 20, 2026.

WOOF, US71601V1052, Illustration mit AI erstellt.

Petco Health and Wellness stock (ISIN US71601V1052) was trading at EUR 2.08 at Lang & Schwarz on October 20, 2026 at 1:48 p.m. CEST. The latest analyst action came on September 29, 2026, when Evercore ISI lowered its price target from USD 4.00 to USD 3.00 while maintaining its In-Line rating, according to Yahoo Finance. The lower target keeps the focus on Petco's execution rather than on a fresh sales acceleration.

Three dates shape the case

On September 1, 2026, Petco prepaid USD 75.0 million of debt, bringing total debt prepayments over the prior nine months to USD 170.0 million, according to Trivano. On September 2, 2026, Petco reported second-quarter net sales of USD 1.49 billion, up 0.05 percent year over year, and comparable sales growth of 0.60 percent. On September 29, 2026, Evercore ISI reduced its target to USD 3.00 from USD 4.00, making the analyst revision the most recent of the three dated developments.

What does the target cut imply?

The USD 1.00 reduction leaves the analyst target at USD 3.00, while Petco's second-quarter operating income rose 11.10 percent to USD 47.8 million. Gross profit reached USD 591.1 million and gross margin was 39.70 percent, compared with 39.30 percent in the prior-year quarter, according to Trivano. The quarter included a USD 6.8 million net benefit from tariff refunds, so the margin improvement requires careful interpretation.

Next date is November 24

MarketBeat estimates Petco's next earnings release for November 24, 2026, after the market closes. That date will give investors a new test of the company's full-year outlook and debt-reduction strategy.

Price stays below three dollars

Petco's latest reported quarter combined USD 1.49 billion in sales with USD 122.2 million of adjusted EBITDA, while the company reaffirmed its fiscal 2026 outlook. Its market capitalization was USD 670.2 million as of October 20, 2026, and its primary listing is Nasdaq under ticker WOOF. The stock was trading at EUR 2.08 at Lang & Schwarz on October 20, 2026 at 1:48 p.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of Petco Health and Wellness stock.