Telsey Advisory Maintains Hold Rating for Traeger with $2.00 Price Target

Telsey Advisory maintains a Hold rating for Traeger with a $2.00 price target. Analyst Jason Strominger cites the company's recent earnings release for the quarter ending March 31, which reported a quarterly revenue of $143.28 million and a GAAP net loss of $778 thousand. The stock has a Moderate Buy analyst consensus rating with a $2.13 average price target, representing a 28.31% upside. Corporate insider activity is positive, with 26 insiders buying shares over the past quarter.

Traeger (COOK) has been the focus of various analyst ratings in recent months, with a mixed outlook on the stock's performance. According to TipRanks, the consensus rating for Traeger is a Moderate Buy, based on 2 Buy ratings, 5 Hold ratings, and 0 Sell ratings [1]. This rating is supported by an average price target of $2.13, representing an 18.33% upside from the stock's current price of $1.80.

Telsey Advisory maintains a Hold rating for Traeger, with a price target of $2.00. Analyst Jason Strominger cited the company's recent earnings release for the quarter ending March 31, which reported a quarterly revenue of $143.28 million and a GAAP net loss of $778 thousand [2]. The stock has a Moderate Buy analyst consensus rating, with a $2.13 average price target, representing a 28.31% upside.

Corporate insider activity has been positive, with 26 insiders buying shares over the past quarter. This indicates confidence in the company's future prospects, despite the recent earnings report.

However, RBC Capital and William Blair have both maintained Hold ratings for Traeger, citing concerns over weak financial performance, declining revenues, high leverage, and liquidity concerns. RBC Capital's analyst Nik Modi reiterated a Hold rating, noting that technical analysis provides modest support, while valuation remains a concern given the negative P/E ratio and lack of dividend yield [1].

Canaccord Genuity, on the other hand, has suggested that Traeger's top holders could consider a take-private deal, which could potentially provide a boost to the stock price. However, this is a speculative move and not a consensus view among analysts.

In conclusion, the outlook for Traeger is mixed, with some analysts seeing potential upside and others expressing concerns over the company's financial health. Investors should carefully consider the various analyst ratings and price targets before making any investment decisions.

References:
[1] https://www.tipranks.com/stocks/cook/forecast
[2] https://www.tipranks.com/stocks/cook/forecast