Hims & Hers price target raised to $26 from $24 at Seaport Research

Seaport Research raised the firm’s price target on Hims & Hers to $26 from $24 and keeps a Buy rating on the shares. The firm increased its price target on the stock due to the launch of GLP-1 and the increased likeliness in the firm’s view for continued upside, the analyst tells investors. Hims & Hers’ has “strong brands” in telehealth and is well positioned to gain share among compounded GLP-1 offerings, the firm adds.