MEDIFAST INC with ticker code (MED) now have 3 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 345 and 300 calculating the mean target price we have 328.67. Given that the stocks previous close was at 176.11 this is indicating there is a potential upside of 86.6%. There is a 50 day moving average of 179.55 and the 200 moving average now moves to 203.58. The market cap for the company is $1,955m. Company Website: https://medifastinc.com
The potential market cap would be $3,649m based on the market concensus.
Medifast, through its subsidiaries, manufactures and distributes weight loss, weight management, healthy living products, and other consumable health and nutritional products in the United States and the Asia-Pacific. The company offers bars, bites, pretzels, puffs, cereal crunch, drinks, hearty choices, oatmeal, pancakes, pudding, soft serves, shakes, smoothies, soft bakes, and soups under the OPTAVIA, Optimal Health by Take Shape for Life, and Flavors of Home brands. It markets its products through point-of-sale transactions over ecommerce platform. The company was founded in 1980 and is headquartered in Baltimore, Maryland.
