Petco Health and Wellness (WOOF) Stock Forecast & Price Target

$3.54

+0.10 (+2.91%)

(As of 07/26/2024 ET)

Petco Health and Wellness - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold
Based on 13 Analyst Ratings

Based on 13 Wall Street analysts who have issued ratings for Petco Health and Wellness in the last 12 months, the stock has a consensus rating of "Hold." Out of the 13 analysts, 1 has given a sell rating, 8 have given a hold rating, and 4 have given a buy rating for WOOF.

Consensus Price Target

$3.36
-4.99% Downside

High Forecast	$5.00
Average Forecast	$3.36
Low Forecast	$1.50

According to the 13 analysts' twelve-month price targets for Petco Health and Wellness, the average price target is $3.36. The highest price target for WOOF is $5.00, while the lowest price target for WOOF is $1.50. The average price target represents a forecasted downside of -4.99% from the current price of $3.54.

Type	Current Forecast 7/27/23 to 7/26/24	1 Month Ago 6/27/23 to 6/26/24	3 Months Ago 4/28/23 to 4/27/24	1 Year Ago 7/27/22 to 7/27/23
Consensus Rating	Hold	Hold	Hold	Moderate Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	4 Buy rating(s)	4 Buy rating(s)	4 Buy rating(s)	6 Buy rating(s)
Hold	8 Hold rating(s)	8 Hold rating(s)	8 Hold rating(s)	5 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$3.36	$3.09	$3.65	$11.54
Forecasted Upside	-4.99% Downside	16.57% Upside	21.88% Upside	24.95% Upside

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WOOF Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

WOOF Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Petco Health and Wellness Stock vs. The Competition

Type	Petco Health and Wellness	Retail/Wholesale Companies	S&P 500
Consensus Rating Score	2.23	2.45	2.50
Consensus Rating	Hold	Hold	Moderate Buy
Predicted Upside	-4.99% Downside	52.22% Upside	9.17% Upside
News Sentiment Rating	Positive News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
7/19/2024	Citigroup 3 of 5 stars	Boost Target	Neutral ➝ Neutral	$3.00 ➝ $4.00	+9.59%
7/18/2024	Wedbush 3 of 5 stars	Reiterated Rating	Outperform ➝ Outperform	$4.00 ➝ $5.00	+34.05%
5/24/2024	Royal Bank of Canada 4 of 5 stars	Boost Target	Outperform ➝ Outperform	$2.70 ➝ $3.00	-12.54%
5/23/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Neutral ➝ Neutral	$2.50 ➝ $3.25	+6.91%
5/23/2024	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy ➝ Buy	$5.00 ➝ $5.00	+73.61%
4/2/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy ➝ Underperform	$5.00 ➝ $1.50	-27.88%
Get the Latest News and Ratings for WOOF and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Petco Health and Wellness and its competitors with MarketBeat's FREE daily newsletter.
3/25/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Equal Weight ➝ Equal Weight	$3.00 ➝ $2.00	+1.27%
3/15/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	In-Line ➝ In-Line	$4.00 ➝ $3.00	+47.06%
3/14/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Neutral ➝ Neutral	$3.00 ➝ $2.50	+21.95%
12/19/2023	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Hold	$3.11	+7.61%
12/4/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Equal Weight ➝ Equal Weight	$5.00 ➝ $3.00	-14.53%
11/30/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy ➝ Buy	$7.00 ➝ $5.00	+73.01%
9/29/2023	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Peer Perform
4/28/2023	Gordon Haskett Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Hold	$10.00	+2.77%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 09:08 PM ET.

WOOF Forecast - Frequently Asked Questions

What is Petco Health and Wellness' forecast for 2024?: According to the research reports of 13 Wall Street equities research analysts, the average twelve-month stock price forecast for Petco Health and Wellness is $3.36, with a high forecast of $5.00 and a low forecast of $1.50.
Should I buy or sell Petco Health and Wellness stock right now?: 13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Petco Health and Wellness in the last year. There is currently 1 sell rating, 8 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" WOOF shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in WOOF, but not buy additional shares or sell existing shares.
Does Petco Health and Wellness's stock price have much upside?: According to analysts, Petco Health and Wellness's stock has a predicted upside of 18.13% based on their 12-month stock forecasts.
What analysts cover Petco Health and Wellness?: Petco Health and Wellness has been rated by research analysts at Citigroup, Needham & Company LLC, Royal Bank of Canada, UBS Group, and Wedbush in the past 90 days.
Do Wall Street analysts like Petco Health and Wellness more than its competitors?: Analysts like Petco Health and Wellness less than other "retail/wholesale" companies. The consensus rating score for Petco Health and Wellness is 2.23 while the average consensus rating score for "retail/wholesale" companies is 2.45. Learn more on how WOOF compares to other companies.