Vital Farms price target raised to $26 from $22 at Lake Street

Lake Street raised the firm’s price target on Vital Farms to $26 from $22 and keeps a Buy rating on the shares following what the firm calls “an across-the-board Q4’23 beat and healthy FY24 guide.” The firm expects Vital’s FY23 successes to have been “a step change,” with momentum from this elevated level continuing in FY24 and beyond, the analyst tells investors in a post-earnings note.