Traeger Inc (COOK) Stock Forecast & Price Target

Traeger Inc. has demonstrated a positive financial trajectory with an adjusted EBITDA margin expansion of 237 basis points year-over-year to reach 13.3%. The consumables segment, which accounts for over 20% of total sales, achieved a notable 16% year-over-year growth, reflecting strong demand across wood pellets and food items. Furthermore, management has identified ongoing savings of $6-12 million, contributing to a total projected savings range of $64-$70 million, which is expected to enhance profitability significantly in the coming years.

Traeger Inc has reported a significant revenue decline of 14% year-over-year, primarily driven by a 22% decrease in grill sales and an 18% drop in accessories, indicating substantial challenges in its core product categories. The company’s adjusted EBITDA margin has contracted by approximately 350 basis points to 11.2%, reflecting increased pricing pressures and a competitive marketplace. Looking ahead, Traeger has revised its 2026 guidance to indicate a sales decline of 13%-17%, suggesting continued struggles as it navigates the impacts of tariff-related pricing and challenging market conditions.