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StocksMedium•14 April 2026•

1 min read

Freshpet Upgraded to 'Buy' After Surpassing $1 Billion Revenue Milestone

Key Facts

1TD Cowen upgraded Freshpet (FRPT) to 'Buy' with a price target of $80.

2The company surpassed $1 billion in annual revenue and achieved positive free cash flow a year ahead of schedule.

TD Cowen has upgraded Freshpet (FRPT) to a 'Buy' rating, setting a new price target of $80 per share. The upgrade follows a stellar performance where the company surpassed $1 billion in annual revenue, marking a significant milestone. Notably, Freshpet achieved positive free cash flow a full year ahead of its original schedule, signaling operational efficiency. Following the announcement, the company's stock price rose by 3% as investor confidence strengthened. Analysts highlighted the firm's ability to maintain its market share despite a challenging environment in the pet food industry. This upgrade reflects improving fundamentals, margin expansion, and a robust growth trajectory for the fiscal year 2025.