BofA raised the firm’s price target on Petco (WOOF) to $2.50 from $2.10 and keeps an Underperform rating on the shares after the company reported fiscal Q1 adjusted EBITDA ahead of consensus. The firm raised its FY26 adjusted EBITDA view to $386M from $381M to reflect Q1 upside and raised its FY26 adjusted EPS view by 2c to 11c, noted the analyst. While Petco continues to make progress on cost transformation efforts before it “shifts back to growth/offense,” the firm sees continued same-store sales softness in the near-term as well as longer-term risk that market share erosion could continue, the analyst tells investors.

Confident Investing Starts Here:

• Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions

• Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. >;elm:context_link;itc:0;sec:content-canvas" href="https://thefly.com/?utm_source=finance.yahoo.com&utm_medium=referral" rel="nofollow noopener" target="_blank">Try Now>>

>;elm:context_link;itc:0;sec:content-canvas" href="https://www.tipranks.com/screener/top-smart-score-stocks/?type=stockAnalysisLanding&utm_source=finance.yahoo.com&utm_medium=referral" rel="nofollow noopener" target="_blank">See today’s best-performing stocks on TipRanks >>

Read More on WOOF:

Disclaimer & DisclosureReport an Issue

• Petco price target lowered to $4.50 from $5 at Morgan Stanley

• Petco Health and Wellness Faces Challenges Amid Declining Sales and Market Share Risks

• Petco price target raised to $3.50 from $3 at Wells Fargo

• Petco Reports Q1 2025 Results, Reaffirms Outlook

• Closing Bell Movers: Lululemon falls over 20% on soft guidance