Vital Farms price target raised to $45 from $28 at DA Davidson

DA Davidson raised the firm’s price target on Vital Farms to $45 from $28 and keeps a Buy rating on the shares after its Q1 EBITDA beat. The company is the “most likely beat and raise candidate” over the balance of 2024 in the analyst’s coverage universe, the firm tells investors in a research note, adding however that the stock’s valuation now better reflects Vital Farms’ financial profile.