Petco (WOOF) Price Target Elevated to $4.00 by UBS Growth Strategy

UBS raised the price target for Petco Health & Wellness Co. Inc. (WOOF) from $3.50 to $4.00 on March 16 while maintaining a Neutral rating. The firm's confidence in WOOF's prospects is based on a multi-faceted growth strategy focused on core consumables, supplies, and services. For 2026, management anticipates sales to remain flat or grow by up to 1.5%, with adjusted EBITDA projected between $415 million and $430 million. UBS indicated that while the outlook is realistic, achieving efficiency gains may be challenging as the company aims to capture opportunities in 2025.