TD Cowen Raises Darling Ingredients Price Target to $72
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 28 2026
0mins
Should l Buy DAR?
TD Cowen analyst Jason Gabelman raised the firm's price target on Darling Ingredients to $72 from $58 and keeps a Buy rating on the shares. The firm previewed Q1 results where they see EBITDA inline with consensus and Q2 slightly below. However, the recently finalized 2026-27 Renewable Volume Obligation is supportive; it will require a RIN price that incentivizes all US biomass based distillate capacity and foreign feedstock, which implies a $1/gal advantage for DGD.
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Analyst Views on DAR
Wall Street analysts forecast DAR stock price to fall
8 Analyst Rating
8 Buy
0 Hold
0 Sell
Strong Buy
Current: 62.270
Low
45.00
Averages
51.88
High
62.00
Current: 62.270
Low
45.00
Averages
51.88
High
62.00
About DAR
Darling Ingredients Inc. is a developer and producer of sustainable natural ingredients from edible and inedible bio-nutrients, creating a range of ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, animal feed, industrial, fuel, bioenergy and fertilizer industries. Its segments include Feed Ingredients, Food Ingredients and Fuel Ingredients. The Feed Ingredients segment includes its global activities related to the collection and processing of beef, poultry and pork animal by-products in North America, Europe and South America into non-food grade oils and protein meals, and others. The Food Ingredients segment includes its global activities related to the purchase and processing of beef and pork bone chips, beef hides, pig skins, and fish skins into collagen, and others. The Fuel Ingredients segment converts fats into renewable fuels/products, organic sludge and food waste into biogas, and fallen stock into low-grade energy sources.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Darling Ingredients Announces 2026 Investor Day Details
- Investor Day Announcement: Darling Ingredients will host its Investor Day on May 11, 2026, at 10 a.m. ET in New York City, with executive leadership detailing the company's strategic priorities and three-year outlook via a live webcast.
- Strategic Investment Foundation: The company has strengthened its core assets and expanded its capabilities through multi-year strategic investments, establishing a solid foundation for future growth and enhancing its competitive position in the market.
- Business Transformation: Darling has adopted a disciplined approach to execution and capital accountability, driving business transformation and ensuring returns, thereby showcasing its leadership in the industry.
- Growth Platform: The company has developed a scaled and resilient platform positioned to capitalize on long-term growth opportunities, further solidifying its market position in renewable energy and animal agricultural by-products.
See More
Darling Ingredients Q1 Results Exceed Expectations
- Significant Revenue Growth: Darling Ingredients reported Q1 2026 revenue of $1.55 billion, reflecting a 12.3% year-on-year increase that aligns with Wall Street expectations, demonstrating the company's stability and growth potential in the market.
- Profit Exceeds Expectations: The adjusted EPS of $0.86 surpassed analyst estimates of $0.61 by 40.7%, indicating successful cost control and operational efficiency improvements that enhance profitability.
- Positive Market Reaction: Management highlighted strong global poultry demand and effective risk management as key contributors to the performance, with expectations for continued benefits from regulatory support in the renewable diesel market.
- Strategic Focus on Future: Darling Ingredients plans to maintain a focus on debt reduction and operational discipline while leveraging opportunities arising from market volatility and evolving policies to drive long-term growth.
See More
Darling Ingredients Q1 2026 Earnings Call Highlights
- Strong Financial Performance: Darling Ingredients reported a combined adjusted EBITDA of $406.8 million for Q1 2026, a remarkable 107% increase from $196 million in Q1 2025, indicating robust performance in both its global ingredients business and Diamond Green Diesel (DGD).
- Optimistic Market Outlook: Management anticipates core ingredients EBITDA guidance for Q2 2026 to be between $260 million and $275 million, reflecting confidence in future market demand, particularly against the backdrop of rising fat prices.
- Asset Sale Progress: While asset sales have not yet closed, the company has signed an agreement to sell the majority of its grease trap environmental service assets, demonstrating strict discipline in capital allocation and debt reduction efforts.
- Innovative Product Development: Darling's Nextida glucose control product is currently pending a patent, offering a non-pharmaceutical option for lowering blood glucose, showcasing the company's strategic positioning and potential for market expansion in health products.
See More
Darling Ingredients Q1 Earnings Beat Expectations
- Earnings Beat: Darling Ingredients reported a Q1 GAAP EPS of $0.83, exceeding expectations by $0.27, which reflects a strong improvement in profitability and boosts investor confidence.
- Revenue Growth: The company achieved revenues of $1.55 billion in Q1, marking a 12.3% year-over-year increase, aligning with market expectations and indicating stable sales performance in a growing market.
- Market Outlook: Despite the strong current performance, analysts caution that favorable factors from Iran may turn into headwinds in the future, suggesting the company needs to navigate potential market volatility carefully.
- Rating Downgrade: As market conditions evolve, Darling Ingredients has faced a rating downgrade, reflecting analysts' cautious outlook on the company's future performance, which may influence investor decisions.
See More
Darling Ingredients Reports Strong Q1 2026 Financial Results
- Significant Net Income Recovery: Darling Ingredients reported a net income of $134.3 million for Q1 2026, translating to $0.83 per diluted share, a remarkable turnaround from a net loss of $26.2 million in Q1 2025, indicating a strong recovery in profitability and resilience in core operations.
- Sales Growth Continues: The total net sales for Q1 2026 reached $1.6 billion, up 14.3% from $1.4 billion in the same period of 2025, reflecting significant progress in market demand recovery and product mix optimization, thereby enhancing competitive positioning.
- Adjusted EBITDA Surge: The company achieved a combined Adjusted EBITDA of $406.8 million in Q1 2026, a 107.1% increase from $195.8 million in Q1 2025, which not only demonstrates improved operational efficiency but also provides stronger cash flow support for future capital expenditures and debt reduction.
- Enhanced Liquidity: By monetizing approximately $45 million in Production Tax Credits during Q1 2026, Darling Ingredients bolstered its liquidity, with cash and cash equivalents reaching $116 million, showcasing a proactive strategy in debt reduction and capital spending.
See More
Darling Ingredients Set to Announce Q1 Earnings on April 30
- Earnings Announcement Date: Darling Ingredients (DAR) is set to release its Q1 2023 earnings report on April 30 before market open, with consensus EPS estimate at $0.61 and revenue forecast at $1.55 billion, reflecting a 12.3% year-over-year growth.
- Historical Performance Review: Over the past year, DAR has exceeded EPS estimates 50% of the time, while failing to meet revenue expectations, indicating volatility in the company's profitability metrics.
- Expectation Revision Dynamics: In the last three months, EPS estimates have seen six upward revisions and one downward adjustment, while revenue estimates have experienced three upward and two downward revisions, showcasing mixed market sentiment regarding the company's future performance.
- Market Environment Analysis: Although the current market conditions are favorable for Darling Ingredients, analysts caution that the dynamics surrounding Iran could pose future challenges, potentially impacting the company's long-term growth outlook.
See More
Darling Ingredients Announces 2026 Investor Day Details
- Investor Day Announcement: Darling Ingredients will host its Investor Day on May 11, 2026, at 10 a.m. ET in New York City, with executive leadership detailing the company's strategic priorities and three-year outlook via a live webcast.
- Strategic Investment Foundation: The company has strengthened its core assets and expanded its capabilities through multi-year strategic investments, establishing a solid foundation for future growth and enhancing its competitive position in the market.
- Business Transformation: Darling has adopted a disciplined approach to execution and capital accountability, driving business transformation and ensuring returns, thereby showcasing its leadership in the industry.
- Growth Platform: The company has developed a scaled and resilient platform positioned to capitalize on long-term growth opportunities, further solidifying its market position in renewable energy and animal agricultural by-products.
See More
Darling Ingredients Q1 Results Exceed Expectations
- Significant Revenue Growth: Darling Ingredients reported Q1 2026 revenue of $1.55 billion, reflecting a 12.3% year-on-year increase that aligns with Wall Street expectations, demonstrating the company's stability and growth potential in the market.
- Profit Exceeds Expectations: The adjusted EPS of $0.86 surpassed analyst estimates of $0.61 by 40.7%, indicating successful cost control and operational efficiency improvements that enhance profitability.
- Positive Market Reaction: Management highlighted strong global poultry demand and effective risk management as key contributors to the performance, with expectations for continued benefits from regulatory support in the renewable diesel market.
- Strategic Focus on Future: Darling Ingredients plans to maintain a focus on debt reduction and operational discipline while leveraging opportunities arising from market volatility and evolving policies to drive long-term growth.
See More
Darling Ingredients Q1 2026 Earnings Call Highlights
- Strong Financial Performance: Darling Ingredients reported a combined adjusted EBITDA of $406.8 million for Q1 2026, a remarkable 107% increase from $196 million in Q1 2025, indicating robust performance in both its global ingredients business and Diamond Green Diesel (DGD).
- Optimistic Market Outlook: Management anticipates core ingredients EBITDA guidance for Q2 2026 to be between $260 million and $275 million, reflecting confidence in future market demand, particularly against the backdrop of rising fat prices.
- Asset Sale Progress: While asset sales have not yet closed, the company has signed an agreement to sell the majority of its grease trap environmental service assets, demonstrating strict discipline in capital allocation and debt reduction efforts.
- Innovative Product Development: Darling's Nextida glucose control product is currently pending a patent, offering a non-pharmaceutical option for lowering blood glucose, showcasing the company's strategic positioning and potential for market expansion in health products.
See More
Darling Ingredients Q1 Earnings Beat Expectations
- Earnings Beat: Darling Ingredients reported a Q1 GAAP EPS of $0.83, exceeding expectations by $0.27, which reflects a strong improvement in profitability and boosts investor confidence.
- Revenue Growth: The company achieved revenues of $1.55 billion in Q1, marking a 12.3% year-over-year increase, aligning with market expectations and indicating stable sales performance in a growing market.
- Market Outlook: Despite the strong current performance, analysts caution that favorable factors from Iran may turn into headwinds in the future, suggesting the company needs to navigate potential market volatility carefully.
- Rating Downgrade: As market conditions evolve, Darling Ingredients has faced a rating downgrade, reflecting analysts' cautious outlook on the company's future performance, which may influence investor decisions.
See More
Darling Ingredients Reports Strong Q1 2026 Financial Results
- Significant Net Income Recovery: Darling Ingredients reported a net income of $134.3 million for Q1 2026, translating to $0.83 per diluted share, a remarkable turnaround from a net loss of $26.2 million in Q1 2025, indicating a strong recovery in profitability and resilience in core operations.
- Sales Growth Continues: The total net sales for Q1 2026 reached $1.6 billion, up 14.3% from $1.4 billion in the same period of 2025, reflecting significant progress in market demand recovery and product mix optimization, thereby enhancing competitive positioning.
- Adjusted EBITDA Surge: The company achieved a combined Adjusted EBITDA of $406.8 million in Q1 2026, a 107.1% increase from $195.8 million in Q1 2025, which not only demonstrates improved operational efficiency but also provides stronger cash flow support for future capital expenditures and debt reduction.
- Enhanced Liquidity: By monetizing approximately $45 million in Production Tax Credits during Q1 2026, Darling Ingredients bolstered its liquidity, with cash and cash equivalents reaching $116 million, showcasing a proactive strategy in debt reduction and capital spending.
See More
Darling Ingredients Set to Announce Q1 Earnings on April 30
- Earnings Announcement Date: Darling Ingredients (DAR) is set to release its Q1 2023 earnings report on April 30 before market open, with consensus EPS estimate at $0.61 and revenue forecast at $1.55 billion, reflecting a 12.3% year-over-year growth.
- Historical Performance Review: Over the past year, DAR has exceeded EPS estimates 50% of the time, while failing to meet revenue expectations, indicating volatility in the company's profitability metrics.
- Expectation Revision Dynamics: In the last three months, EPS estimates have seen six upward revisions and one downward adjustment, while revenue estimates have experienced three upward and two downward revisions, showcasing mixed market sentiment regarding the company's future performance.
- Market Environment Analysis: Although the current market conditions are favorable for Darling Ingredients, analysts caution that the dynamics surrounding Iran could pose future challenges, potentially impacting the company's long-term growth outlook.
See More
