DA Davidson initiated coverage of Mama‘s Creations (MAMA) with a Buy rating and $18 price target The firm contends that the consensus is discounting the company’s long term growth potential as it believes that 10% net sales CAGR through FY30 does not require “heroic assumptions”, the analyst tells investors in a research note. DA Davidson further notes that the company’s “strengthened and seasoned” C-suite is applying a straight-forward playbook against an under-levered asset, inviting “significant margin expansion”.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MAMA:
- Mama’s Creations: Strong Revenue Growth and Strategic Acquisitions Drive Buy Rating
- Mama’s Creations Earnings Call Highlights Growth and Strategy
- Mama’s Creations price target raised to $15 from $11 at Lake Street
- Mama’s Creations price target raised to $13 from $10 at Roth Capital
- Mama’s Creations Reports Strong Q2 Growth and Strategic Acquisition