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Will Freshpet's Stock Reach $86?

Will Freshpet's Stock Reach $86?

Freshpet (NASDAQ: FRPT), which manufactures and markets fresh pet food and treats, has received a buy rating from new coverage by Jefferies analyst Ashley Helgans. Helgans has a price target of $86 on the stock, a 23% gain from the stock's current price. The analyst wrote that Freshpet has a "best in class business model" with a first-mover advantage over competitors.