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Analysts Offer Insights on Consumer Goods Companies: Olaplex Holdings (OLPX) and Vita Coco Company (COCO)

Companies in the Consumer Goods sector have received a lot of coverage today as analysts weigh in on Olaplex Holdings (OLPXResearch Report) and Vita Coco Company (COCOResearch Report).

Olaplex Holdings (OLPX)

In a report released today, Dara Mohsenian from Morgan Stanley maintained a Hold rating on Olaplex Holdings, with a price target of $6.00. The company’s shares closed last Thursday at $5.16, close to its 52-week low of $3.80.

According to TipRanks.com, Mohsenian is a 4-star analyst with an average return of 4.8% and a 64.0% success rate. Mohsenian covers the Consumer Goods sector, focusing on stocks such as The Estée Lauder Companies, Edgewell Personal Care, and Energizer Holdings.

Currently, the analyst consensus on Olaplex Holdings is a Hold with an average price target of $8.73.

See Insiders’ Hot Stocks on TipRanks >>

Vita Coco Company (COCO)

Wells Fargo analyst Christopher Carey maintained a Buy rating on Vita Coco Company today and set a price target of $12.00. The company’s shares closed last Thursday at $9.86.

According to TipRanks.com, Carey is a 3-star analyst with an average return of 1.0% and a 45.9% success rate. Carey covers the Consumer Goods sector, focusing on stocks such as The Estée Lauder Companies, Spectrum Brands Holdings, and Colgate-Palmolive.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Vita Coco Company with a $13.67 average price target, representing a 57.1% upside. In a report issued on November 2, Piper Sandler also reiterated a Buy rating on the stock with a $15.00 price target.

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