Freshpet price target raised to $138 from $104 at DA Davidson

DA Davidson raised the firm’s price target on Freshpet to $138 from $104 and keeps a Buy rating on the shares. The company remains the firm’s best idea in Food, with a clear sight line to margin expansion and the likelihood that it ultimately becomes a takeout target, the analyst tells investors in a research note. DA Davidson adds that its conviction in profit and cash trajectory continues to increase, with the company ahead of schedule on FY27 margin targets.