TD Cowen analyst Robert Moskow raised the firm’s price target on Vital Farms to $19 from $17 and keeps a Market Perform rating on the shares. The firm said Q4 sales and EBITDA beat consensus and 2024 guidance was above consensus as well. 2024 guidance calls for 19% organic growth driven by strong distribution gains and a more normalized promotional spend through the year.
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Read More on VITL:
- Vital Farms price target raised to $26 from $22 at Lake Street
- Vital Farms price target raised to $18 from $16 at Goldman Sachs
- Vital Farms Reports Fourth Quarter and Fiscal Year 2023 Financial Results
- Vital Farms sees 2024 net revenue at least $552M, consensus $550.6M
- Vital Farms reports Q4 EPS 17c, consensus 9c