Freedom Broker cuts Intrepid Potash stock price target on weak Q3

Investing.com · 2026-11-06 16:14 UTC

Freedom Broker cuts Intrepid Potash stock price target on weak Q3

Investing.com - Freedom Broker lowered its price target on Intrepid Potash shares (NYSE:IPI) to $40 from $41 while maintaining a Buy rating following the company’s third-quarter results.

The fertilizer producer reported net sales of $51.0 million for the third quarter of 2026, roughly flat year over year excluding the divested Intrepid South business. Freedom Broker had forecast sales of $56.2 million. The company, with a market capitalization of $428 million, trades at a P/E ratio of 25.5, though InvestingPro analysis suggests the stock appears undervalued at current levels.

Adjusted EBITDA rose to $11.7 million from $10.7 million on a continuing basis, below the firm’s expectation of $15.5 million. Net income came in at $1.7 million, or $0.13 per share, compared to Freedom Broker’s forecast of $7.6 million, or $0.58 per share.

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