Hims & Hers price target raised to $12 from $7 at Truist

Truist analyst Jailendra Singh raised the firm’s price target on Hims & Hers to $12 from $7 but keeps a Hold rating on the shares. The company’s Q4 results were "strong" as it achieved profitability in the quarter for the first time, the analyst tells investors in a research note, also citing the strong momentum and consumer demand at Hims & Hers. The firm adds however that while the company’s superior operational execution continues, its Hold rating reflects the stock’s recent run-up heading into the print.