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Investing.com - DA Davidson has reiterated its Buy rating on Mama’s Creations (NASDAQ:MAMA) with a price target of $18.00, aligning with the broader analyst consensus that remains strongly bullish. According to InvestingPro data, analyst targets range from $12 to $18, suggesting potential upside from current levels.
The research firm cited ongoing top-line momentum for the company, noting that distribution gains should persist in the near to intermediate term. This optimism is supported by the company’s impressive 19.3% revenue growth over the last twelve months, with a robust financial health score of "GREAT" according to InvestingPro analysis.
DA Davidson highlighted an acceleration in customer wins over the past year, which it attributes to traction gained by the revamped C-suite since the arrival of Mr. Michaels in September 2022.
The firm referenced its initiation report published last month, which detailed the company’s recent progress in expanding its retail presence.
DA Davidson also noted that Mama’s Creations has previously acknowledged two significant gaps in its retail distribution—Target and Kroger—and interpreted that management is confident in its ability to penetrate those accounts.
In other recent news, Mama’s Creations Inc. reported strong financial results for the second quarter of fiscal year 2026. The company’s revenue increased by 24% to $35.2 million, surpassing the forecasted $33.18 million. Additionally, Mama’s Creations achieved a net income of $1.3 million, which translates to earnings per share (EPS) of $0.03, exceeding the expected $0.025. These results highlight the company’s positive performance in the recent quarter.
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