The price of FRPT is predicted to go up -7.65%, based on the high correlation periods with BGC. The similarity of these two price pattern on the periods is 97.44%.
FRPT
BGC
Freshpet's focus on premium fresh food exposes it to the fastest growing segment in pet food, which should help drive robust growth for years to come.
Freshpet's refrigerator installation gives it a leg up against competition which seeks to enter the fresh pet food market and lacks the necessary shelf space.
Rising pet ownership and ongoing pet humanization trends create tailwinds for Freshpet's premium offering.
Oppenheimer
2024-11-14
Price Target
$155 → $180
Upside
+19.34%
TD Cowen
2024-11-05
Price Target
$160 → $174
Upside
+14.78%
Benchmark
2024-11-05
Price Target
$150 → $185
Upside
+22.04%