MGP Ingredients

MGPI · NASDAQ

$15.13+$0.11 (+0.73%)TodayMarket closed · Oct 20, 7:30 PM ET

Prev close $15.02

MGPI analyst rating

BuyConsensus of 5 analysts over the last 12 months. 60% rate it a buy.

Strong buy0
Buy3
Hold2
Underperform0
Sell0

12-month price target · 7 analysts

Average $28.36 (+87.4% upside)

Low: $20.20
Now: $15.13
High: $36.75

Upgrades and downgrades

The latest rating actions, newest first

MGPI analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Roth Capital	Oct 16, 2026	Maintains	Buy	$32.00 → $30.00	43%
Wells Fargo	Oct 5, 2026	Maintains	Overweight	$22.00 → $17.00	36%
TD Cowen	Jul 30, 2026	Maintains	Hold	$18.00 → $20.00	33%
Wells Fargo	Jul 30, 2026	Maintains	Overweight	$21.00 → $22.00	36%
Wells Fargo	Jul 8, 2026	Maintains	Overweight	$24.00 → $21.00	36%
TD Cowen	Jun 26, 2026	Maintains	Hold	$20.00 → $18.00	58%
TD Cowen	Apr 30, 2026	Maintains	Hold	$22.00 → $20.00	58%
Roth Capital	Feb 26, 2026	Maintains	Buy	$41.00 → $32.00	43%
Wells Fargo	Feb 26, 2026	Maintains	Overweight	$29.00 → $24.00	36%
Benchmark	Jan 22, 2026	Initiates	Buy	$35.00	34%

The case for and against

Updated Jul 14, 2026

Bull case

MGP Ingredients is a potential buying opportunity as the company's shift towards becoming a dedicated branded spirits company, with a focus on higher margin premium offerings, has been successful so far. Even though the company has experienced headwinds in its Distilling Solutions segment, its Branded Spirits segment has shown growth and is expected to drive the company's future revenue. With a strong focus on execution, a restructured capital structure, and a highly competitive portfolio of premium brands, MGP Ingredients is well-positioned to benefit from long-term industry trends and drive long-term value for investors.

Bear case

MGP Ingredients is facing a potential decrease in revenue and AEBITDA due to anticipated challenges in the spirits industry. Despite this, their focus on premium offerings and strong financial position suggest future growth potential. However, the company may need to make changes, such as selling their Ingredient segment, to improve their overall valuation and maintain a strong financial position.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.