Traeger Inc (COOK) Stock Forecast & Price Target

Traeger Inc. has demonstrated a strong performance in its consumables segment, achieving a year-over-year growth of 16% driven by higher unit volumes across pellets and food consumables, which constitute over 20% of sales. The company has also successfully expanded its adjusted EBITDA margin by 237 basis points year-over-year to 13.3%, indicating improved operational efficiency. Furthermore, Traeger has identified potential additional savings of $6-12 million, resulting in total anticipated savings of $64-70 million, which will enhance profitability through strategies such as SKU rationalization and strategic pricing in the coming years.

Traeger Inc has experienced a significant revenue decline of 14% year-over-year, primarily due to substantial decreases in grill sales, which comprise over 50% of total revenue, and are down 22% year-over-year. Additionally, the company's guidance for 2026 indicates a projected revenue decrease of 13%-17%, reflecting continuing pressures from market repositioning actions and tariff-related pricing impacts, which are anticipated to contribute approximately $70 million to the sales decline. The overall financial outlook remains bleak, as accessory sales have also faced an 18% year-over-year decline in a competitive marketplace, suggesting persistent challenges beyond just the grill segment.