Lake Street sees ‘glass half full’ for Harrow, maintains Buy rating

Lake Street analyst Brooks O’Neil says there are “certainly at least two ways to look at Harrow now,” noting that pessimists do not trust CEO Mark Baum and do not believe 2023 was transformative for Harrow. However, those who see the glass half full, including the firm, which is “definitely in this camp,” recognize that Harrow is still a work in progress, but see progress with IHEEZO and VEVYE as “major green shoots blooming,” the analyst tells investors. Following the company’s Q4 report and guidance, the firm affirms its Buy rating and $20 price target on Harrow shares.