MEDIFAST INC with ticker code (MED) now have 3 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 350 and 345 and has a mean target at 348. Given that the stocks previous close was at 176.64 this indicates there is a potential upside of 97.0%. The day 50 moving average is 185.26 and the 200 day moving average is 218.02. The market cap for the company is $1,987m. Company Website: https://medifastinc.com
The potential market cap would be $3,914m 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. It offers bars, bites, pretzels, puffs, cereal crunch, drinks, hearty choices, oatmeal, pancakes, puddings, soft serves, shakes, smoothies, soft bakes, and soups under the Medifast, OPTAVIA, Thrive by Medifast, Optimal Health by Take Shape for Life, and Flavors of Home brands. The company markets its products through point of sale transactions over ecommerce platform and its franchisee system. Medifast was founded in 1980 and is headquartered in Baltimore, Maryland.
