Hims & Hers price target raised to $22 from $17.25 at BofA

BofA raised the firm’s price target on Hims & Hers to $22 from $17.25 and keeps a Buy rating on the shares. After having hosted a meeting with Hims & Hers CFO Yemi Okupe, the firm says the company “appears to be taking a measured approach to the initial GLP-1 launch” and applies a higher multiple to reflect upside risk to revenue over the next one to two years.