From what 10 stock analysts predict, the share price for Traeger, Inc. (COOK) might increase by 22.57% in the next year. This is based on a 12-month average estimation for COOK. Price targets go from $2.75 to $7. The majority of stock analysts believe COOK is a buy. Please note analyst price targets are not guaranteed and could be missed completely.
About 10 Wall Street analysts have assignedCOOK 4 buy ratings, 5 hold ratings, and 1 sell ratings. This means that analysts expect Traeger, Inc. to hold. Keep in mind that these ratings are typically refreshed every quarter, underscoring the importance of conducting your own research on COOK. Don't forget to include both technical and fundamental analysis, as well as staying informed on news that could influence these ratings, in your due diligence.
These are the latest 20 analyst ratings of COOK.
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
---|---|---|---|---|
Brian McNamara Canaccord Genuity | Buy | $7 | Maintains | Nov 7, 2024 |
Joseph Feldman Telsey Advisory Group | Outperform | $4 | Maintains | Nov 7, 2024 |
Nik Modi RBC Capital | Sector Perform | $2.75 | Maintains | Nov 7, 2024 |
Peter Keith Piper Sandler | Neutral | $3.75 | Maintains | Nov 7, 2024 |
Joseph Feldman Telsey Advisory Group | Outperform | $4 | Maintains | Oct 30, 2024 |
Nik Modi RBC Capital | Sector Perform | $2.5 | Maintains | Aug 8, 2024 |
Peter Benedict Baird | Neutral | $3 | Maintains | Aug 7, 2024 |
Joseph Feldman Telsey Advisory Group | Outperform | $4 | Maintains | Aug 7, 2024 |
Joseph Feldman Telsey Advisory Group | Outperform | $4 | Maintains | Aug 1, 2024 |
Joseph Feldman Telsey Advisory Group | Outperform | $4 | Maintains | May 9, 2024 |
Joseph Feldman Telsey Advisory Group | Outperform | $4.5 | Maintains | May 3, 2024 |
Joseph Feldman Telsey Advisory Group | Outperform | $4.5 | Maintains | Mar 8, 2024 |
Peter Benedict Baird | Neutral | $2.5 | Maintains | Mar 8, 2024 |
Peter Keith Piper Sandler | Neutral | $3.5 | Maintains | Mar 8, 2024 |
Brian McNamara Canaccord Genuity | Buy | $4 | Maintains | Mar 6, 2024 |
Joseph Feldman Telsey Advisory Group | Outperform | $5 | Reiterates | Mar 4, 2024 |
Anna Glaessgen B. Riley Securities | Buy | $3.5 | Initiates | Dec 12, 2023 |
Joseph Feldman Telsey Advisory Group | Outperform | $5 | Maintains | Nov 9, 2023 |
Megan Alexander Morgan Stanley | Underweight | $2.8 | Maintains | Nov 9, 2023 |
Joseph Feldman Telsey Advisory Group | Outperform | $6.5 | Reiterates | Nov 3, 2023 |
When did it IPO
2021
Staff Count
640
Country
United States
Sector/Industry
Consumer Cyclical/Furnishings, Fixtures & Appliances
CEO
Mr. Jeremy Andrus
Market Cap
$385.3M
In 2023, COOK generated $605.9M in revenue, which was a decrease of -7.63% from the previous year. This can be seen as a signal that COOK's business is declining, and its share price could be worth less in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Summary - Traeger, Inc. reported a 3.7% revenue increase, driven by grill sales. EBITDA nearly tripled and adjusted net losses narrowed, despite a slight decline in operating cash flow.
Why It Matters - Traeger, Inc.'s revenue growth and improved profitability metrics signal potential for future gains, making shares more attractive despite price cuts. Positive trends in grill sales bolster investor confidence.
Summary - Traeger, Inc. (NYSE: COOK) will hold its Q3 2024 earnings call on November 6, 2024, at 4:30 PM ET, featuring key executives and analysts from various financial firms.
Why It Matters - Traegerโs Q3 earnings call indicates upcoming performance insights, impacting stock valuation and investor sentiment based on revenue, profitability, and future guidance.
Summary - Traeger, Inc. (NYSE: COOK) reported Q3 FY 2024 revenues of $122.1M, up 3.7%. Grill revenues rose 32.5% to $74.9M. Gross margin improved to 42.3%, while net loss slightly increased to $19.8M.
Why It Matters - Traeger's revenue growth and improved gross margin indicate operational efficiency, while the net loss reflects ongoing challenges. These metrics influence investor confidence and stock performance.
Summary - Traeger (COOK) reported a quarterly loss of $0.06 per share, matching the Zacks Consensus Estimate, an improvement from a loss of $0.12 per share a year prior.
Why It Matters - Traeger's quarterly loss aligns with expectations, indicating stability. The reduced loss compared to last year may signal potential recovery, impacting investor sentiment positively.
Summary - Traeger (COOK) reported its revenue and EPS for Q3 2024. Investors should compare these figures to Wall Street estimates and year-ago results for a comprehensive analysis.
Why It Matters - Comparison of Traeger's revenue and EPS against Wall Street estimates and prior year figures indicates performance trends, impacting investor sentiment and stock valuation.
Summary - Traeger, Inc. (NYSE: COOK) will release its Q3 fiscal 2024 financial results on November 6, 2024, after market close, followed by a conference call at 4:30 PM ET.
Why It Matters - Traegerโs upcoming earnings report and conference call may impact its stock price, providing insights into financial health and growth prospects, crucial for investment decisions.