Wells Fargo cuts target for Freshpet stock to USD 77.00

Published on 10/06/2026 at 13:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter 2026 revenue hit USD 305.59 million, 15.40 percent above last year. Freshpet stock costs EUR 54.74 versus EUR 54.64 on October 6, 2026.

FRPT, US3580391056, Illustration mit AI erstellt.

Freshpet (US3580391056) received a lower Wells Fargo price target of USD 77.00, down from USD 82.00 in a note dated October 5, 2026, as MarketBeat reports. The brokerage kept an Overweight rating, while the broader analyst consensus remained Hold.

Wells Fargo lowers its target

The USD 5.00 reduction leaves the Wells Fargo target below Piper Sandler's USD 87.00 target. Investing.com reported on October 5, 2026 that Piper Sandler reiterated an Overweight rating and a USD 87.00 target, calling Freshpet a top pick ahead of third-quarter 2026 earnings.

The two targets point to a divided valuation picture. MarketBeat said ten analysts rated Freshpet a Buy, eight a Hold and one a Sell, with an average target of USD 75.75 on October 5, 2026.

Second-quarter revenue rose 15.40 percent

Freshpet generated USD 305.59 million in revenue in the second quarter of 2026, up 15.40 percent from USD 264.69 million in the same quarter of 2025, according to MarketBeat. Earnings per share reached USD 0.39, compared with a USD 0.22 consensus estimate, a USD 0.17 difference.

Investing.com said Piper Sandler expects third-quarter 2026 organic sales growth to exceed the 7.20 percent Street estimate. The note also cited 8.60 percent measured retail sales growth in the United States excluding club stores and sales growth of 40.00 to 45.00 percent at Costco.

Freshpet stock trades at EUR 54.74

Freshpet stock was trading at EUR 54.74 at Lang & Schwarz on October 6, 2026 at 1:11 p.m. CEST, up 0.18 percent versus the prior close of EUR 54.64 on October 5, 2026. The primary Nasdaq listing had a 52-week range of USD 46.45 to USD 86.00 and a market capitalization of USD 3.0 billion as of October 5, 2026.

The next earnings date is November 9, 2026, according to Makkler. That date gives the sales trend and margin outlook a defined next checkpoint after the competing analyst views published in October.