11 Oversold NASDAQ Stocks to Buy Right Now

9. Freshpet, Inc. (NASDAQ:FRPT)

Perf YTD: -50.44%

Analyst Upside: 63.49%

Number of Hedge Fund Holders: 40

Freshpet, Inc. (NASDAQ:FRPT) ranks ninth on our list of oversold NASDAQ stocks to invest in now. The company manufactures, markets, and distributes packaged pet food and treats. Its products include a blend of locally farmed vegetables, fresh meat, and fruits. The company’s products include Deli Fresh Grain Free Chicken Recipe for Dogs, Ocean Whitefish Recipe for Cats, Joy Turkey and Apple Bites Treats, Nature’s Fresh Grain Free Chicken Recipe for Cats, and more.

On April 10, Benchmark Co. analyst Todd Brooks maintained their bullish stance on Freshpet, Inc. (NASDAQ:FRPT) and gave the stock a buy rating. Even though the analyst reduced the stock’s price target to $140, he said the company’s current and future performance and strong market position in the fresh dog food segment support the Buy rating. These factors are expected to help it attain significant AEBITDA growth by fiscal year 2027. The analyst opined that Freshpet, Inc. (NASDAQ:FRPT) currently holds a modest 3% share in the $37 billion US dog food market, which gives it a competitive advantage.

He also noted that while the company has some short-term challenges, such as macroeconomic pressures affecting consumer confidence and disruptions in the Pet Specialty channel, they will likely be temporary. Freshpet, Inc. (NASDAQ:FRPT) has low exposure to tariff-related expenses, and it is exhibiting a historically strong correlation between advertising and growing website traffic, which the analyst sees as positive indicators of future growth. In another report released on April 10, Stifel Nicolaus maintained a Buy rating on Freshpet, Inc. (NASDAQ:FRPT) and set a $115.00 price target.