Darling Ingredients

DAR · NYSE

$59.22−$0.47 (−0.79%)TodayMarket closed · Oct 20, 7:30 PM ET

Prev close $59.69

DAR analyst rating

BuyConsensus of 11 analysts over the last 12 months. 91% rate it a buy.

Strong buy0
Buy10
Hold1
Underperform0
Sell0

12-month price target · 15 analysts

Average $83.39 (+40.8% upside)

Low: $65.65
Now: $59.22
High: $105.00

Upgrades and downgrades

The latest rating actions, newest first

DAR analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
JP Morgan	Oct 12, 2026	Maintains	Overweight	$82.00 → $83.00	40%
UBS	Sep 22, 2026	Maintains	Buy	$78.00 → $88.00	60%
Barclays	Aug 3, 2026	Maintains	Equal-Weight	$62.00 → $65.00	71%
TD Cowen	Jul 27, 2026	Maintains	Buy	$70.00 → $80.00	70%
Barclays	Jul 2, 2026	Maintains	Equal-Weight	$58.00 → $62.00	71%
TD Cowen	Jun 23, 2026	Maintains	Buy	$76.00 → $70.00	70%
Barclays	Jun 22, 2026	Initiates	Equal-Weight	$58.00	71%
JP Morgan	May 12, 2026	Maintains	Overweight	$78.00 → $79.00	40%
Jefferies	May 4, 2026	Maintains	Buy	$73.00 → $75.00	58%
TD Cowen	May 4, 2026	Maintains	Buy	$72.00 → $76.00	70%

The case for and against

Updated Sep 4, 2024

Bull case

Darling Ingredients Inc. anticipates an improvement in EBITDA for its feed segment in 4Q23 due to higher prices, the return of the Ward, SC plant, and updated contracts, indicating strong revenue growth potential. The food segment's EBITDA has shown a robust year-over-year increase of 26%, driven by rising demand for hydrolyzed collagen and gelatin, bolstered by the strategic Gelnex acquisition, which positions the company for double-digit growth in 2024. Additionally, the company's focus on improving margins within its biofuel business and the potential upside in D4 RIN and LCFS credit values further enhances Darling's financial outlook amid favorable market conditions.

Bear case

Darling Ingredients Inc. reported a significant decline in EBITDA for its Feed segment, which decreased by 19% year-over-year to $162 million, primarily due to reduced slaughterhouse volumes and lower rendering values. The company's legacy Fuel segment also faced challenges, with EBITDA decreasing to $20 million, reflecting softer volumes in its European operations and a general decline in prices. Overall, Darling's third quarter EBITDA of $334 million fell short of consensus expectations by $48 million, driven by underperformance in both the Feed and Fuel segments, prompting a downward revision of future EBITDA and earnings estimates.

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