Where is Freshpet, Inc. (FRPT) Headed According to Analysts?

Freshpet, Inc. (NASDAQ:FRPT) is one of the best pet stocks to buy according to hedge funds. On February 4, Piper Sandler adjusted the price target on Freshpet, Inc. (NASDAQ:FRPT) to $87 from $80 and maintained an Overweight rating on the shares. According to the firm, Freshpet, Inc. (NASDAQ:FRPT) is likely a beneficiary of stronger middle- and high-income consumers’ tax savings and elevated 2026 refunds. If the company benefits from higher tax refunds/lower withholding, as it anticipates, the firm sees this as a notable catalyst for revenue growth acceleration in 2026.

The rating update came the same day Freshpet, Inc. (NASDAQ:FRPT) announced the appointment of John O’Connor as Chief Financial Officer, effective February 9, 2026, and Ana Lopez as Senior Vice President of Supply Chain, effective February 2, 2026. Management reported that Mr. O’Connor succeeds Ivan Garcia, who will continue with the Company as Senior Vice President of Finance. Mr. O’Connor will report to Chief Executive Officer Billy Cyr, and Ms. Lopez will report to Chief Operating Officer Nicki Baty.

In a separate development, Freshpet, Inc. (NASDAQ:FRPT) received a rating update from Wells Fargo on January 26, with the firm lifting the price target on the stock to $82 from $70 and maintaining an Overweight rating on the shares.

Freshpet, Inc. (NASDAQ:FRPT) manufactures, markets, and distributes packaged food and treats for pets. Its products include a blend of vegetables, fresh meat, and fruits farmed locally. The company’s products include Deli Fresh Grain Free Chicken Recipe for Dogs, Ocean Whitefish Recipe for Cats, Joy Turkey and Apple Bites Treats, Nature’s Fresh Grain Free Chicken Recipe for Cats, and more.

While we acknowledge the potential of FRPT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.