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Telsey Advisory Thinks Olaplex Holdings’ Stock is Going to Recover

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Telsey Advisory analyst Dana Telsey maintained a Buy rating on Olaplex Holdings (OLPXResearch Report) today and set a price target of $25.00. The company’s shares closed last Wednesday at $12.27, close to its 52-week low of $11.73.

According to TipRanks.com, Telsey is a 1-star analyst with an average return of -3.4% and a 35.2% success rate. Telsey covers the Consumer Goods sector, focusing on stocks such as aka Brands Holding Corp, Wolverine World Wide, and G-III Apparel Group.

Currently, the analyst consensus on Olaplex Holdings is a Strong Buy with an average price target of $26.33, an 119.1% upside from current levels. In a report issued on May 6, Evercore ISI also maintained a Buy rating on the stock with a $40.00 price target.

See Insiders’ Hot Stocks on TipRanks >>

Olaplex Holdings’ market cap is currently $7.96B and has a P/E ratio of 36.62.

Based on the recent corporate insider activity of 13 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of OLPX in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Olaplex Holdings Inc is a science-enabled, technology-driven beauty company. It offers science-backed solutions that improve hair health. It identifies consumers’ most relevant haircare concerns in collaboration with the community of professional hairstylists and consumers and strives to address them through its proprietary technology and innovation capabilities. It offers products through a global omnichannel platform serving the professional, specialty retail, and DTC channels. The company derives its revenue through the sale of its specialty hair care products.

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