Alliance Global Partners lowered the firm’s price target on Honest Company (HNST) to $4 from $8 and keeps a Buy rating on the shares after the company reported sales well below estimates and announced a new restructuring of the business that will see it remove certain sales channels and products. This will total $20M in revenue in Q3, while also expecting operation restructuring to result in $8-15M of annual savings, the analyst noted.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HNST:
- Honest Company downgraded to Hold from Buy at Lake Street
- Strategic Transformation and Growth Potential: Owen Rickert’s Buy Rating on Honest Company
- The Honest Company Reports Q3 2025 Earnings and Strategic Shift
- Honest Company reports Q3 EPS 1c, consensus 0c
- Honest Company cuts FY25 revenue view to down 3% to flat from up 4%-6%