Loop Capital raised the firm’s price target on Honest Company to $5 from $4 and keeps a Hold rating on the shares. The analyst is citing Loop’s recent meeting with the company management, which highlighted its higher long-term margin rates. Honest stock has also popped about 45% this year as the company achieved profitability ahead of the consensus timeline, the firm added.
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Read More on HNST:
- The Honest Company to Participate in the UBS Global Consumer and Retail Conference on March 14, 2024
- Honest Company price target raised to $4 from $2 at Telsey Advisory
- Honest Company price target raised to $4 from $1 at Loop Capital
- The Honest Company Reports Fourth Quarter and Full Year 2023 Financial Results and Provides Full Year 2024 Financial Outlook
- Honest sees FY24 revenue up low-to-mid single digits percent, consensus $352.2M
