Wells Fargo cuts target for Freshpet stock from USD 82.00 to USD 77.00

Published on 10/08/2026 at 19:26 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Freshpet posted USD 305.59 million in second-quarter revenue, up 15.50 percent year over year. Freshpet stock costs EUR 57.94 versus EUR 56.40 on October 8, 2026.

Key points in brief

Wells Fargo lowered its Freshpet price target from USD 82.00 to USD 77.00 on October 5, 2026 while maintaining an Overweight rating.
Freshpet reported USD 305.59 million in second-quarter 2026 revenue, up 15.50 percent year over year.
Freshpet stock was at EUR 57.94 at Lang & Schwarz on October 8, 2026, up 2.73 percent versus the prior close.

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Wells Fargo cut its Freshpet price target from USD 82.00 to USD 77.00 on October 5, 2026, while maintaining an Overweight rating, according to MarketBeat. Freshpet stock was trading at EUR 57.94 at Lang & Schwarz on October 8, 2026, up 2.73 percent versus the prior close of EUR 56.40.

Freshpet's recent milestones

On May 21, 2026, Freshpet announced a USD 150.00 million share repurchase authorization, according to Benzinga. By the end of July, the company had executed USD 86.50 million of that authorization and repurchased 1.60 million shares.

On August 5, 2026, Freshpet reported second-quarter revenue of USD 305.59 million, up 15.50 percent year over year, and net income of USD 19.49 million, according to MarketBeat. Adjusted gross margin reached 48.60 percent, compared with 46.90 percent in the prior-year quarter, according to Benzinga.

On October 5, 2026, Wells Fargo changed its target from USD 82.00 to USD 77.00 while keeping the Overweight rating. The move gives the stock a lower analyst reference point even as the latest quarterly figures showed higher sales and profitability.

What does the guidance reset mean?

Freshpet raised its 2026 net sales growth outlook to 10.00 percent to 12.00 percent from 8.00 percent to 11.00 percent. The company also lifted its adjusted EBITDA guidance to USD 210.00 million to USD 220.00 million from USD 205.00 million to USD 215.00 million, according to Benzinga. Higher logistics costs and slower household penetration growth remain operating factors in management's outlook.

Which dates matter next?

Freshpet's next earnings date is listed as November 2, 2026, according to Yahoo Finance. The latest market data show a USD 3.2 billion market capitalization and a 52-week range of USD 46.45 to USD 86.00 as of October 8, 2026, while Freshpet is listed on Nasdaq in the Consumer Staples sector and Packaged Foods industry.

Stock price and market context

Freshpet's EUR 57.94 Lang & Schwarz quote on October 8, 2026 stood above its EUR 56.40 prior close, producing a plus 2.73 percent daily change. The quote is equivalent to a USD value within the reported 52-week range, which places the euro reference price below the upper end of the stock's recent trading span.

The next earnings date of November 2, 2026 gives investors a defined checkpoint for testing whether the higher sales outlook and improved margin profile are translating into sustained operating progress.

The further course of trading is shown by the continuously updated real-time quote of Freshpet stock.