10 Best Pet Stocks To Invest In According to Analysts

2. BARK Inc. (NYSE:BARK)

Average Price Target Upside Potential According to Analysts: 41.67%

Number of Hedge Fund Holders: 16

BARK Inc. (NYSE:BARK) is a dog-centric company that ranks second on our list of the best pet stocks to buy. The company is dedicated to making dogs happy through innovative products and services. BARK Inc. (NYSE:BARK) offers monthly subscription boxes like BarkBox and BARK Super Chewer, which deliver themed toys and treats. The company also delivers nutritious meals with BARK Food and products that meet dogs’ dental needs with BARK Bright.

Recently, on October 23, 2024, BARK Inc. (NYSE:BARK) announced a collaboration with Crocs to release Pet Crocs, allowing BarkBox and BARK Super Chewer subscribers to add the shoes for their dogs to their next box. Dog owners can also purchase matching shoes for themselves and their pets online at Crocs.com and in select retail locations while supplies last.

Additionally, in May 2024, the company launched BARK Air, the world’s first airline designed specifically for dogs, which has already generated significant interest and sales. In less than four months since its launch, BARK Air has booked over $2.5 million in ticket sales and has flown flights between major cities like New York, Los Angeles, and London.

Financially, BARK Inc. (NYSE:BARK) reported impressive results in its first quarter of fiscal 2025. The company achieved a revenue of $116.2 million, surpassing its guidance range. While direct-to-consumer revenue saw a slight decline of 4.3% year-over-year, commerce revenue grew by 5.2%, supported by the company’s recent consumables expansion into retail. BARK Inc. (NYSE:BARK) achieved year-over-year growth in new customer acquisition for the third consecutive quarter, reflecting strong demand for its products and services.

BARK Inc.’s (NYSE:BARK) innovative approach to dog care positions it as a compelling investment opportunity. The combination of unique product offerings, strategic partnerships, and expanding services like BARK Air showcases the company’s ability to capture and grow within the pet market.

According to Insider Monkey’s database, BARK Inc. (NYSE:BARK) has gained significant interest from institutional investors, with the number of hedge fund holders increasing to 16 in Q2 2024, up from 13 in Q1 2024.

Analysts are also bullish on BARK. The 1-year median price target of  $2.04 set by analysts indicates a potential upside of 41% from current levels.