Truist analyst Bill Chappell lowered the firm’s price target on Olaplex Holdings to $3 from $7 but keeps a Buy rating on the shares. The firm is updating its model after the company’s Q4 results and below-consensus guidance, though it also believes that Olaplex is already generating strong revenue growth and EBITDA margins and appears to be at the infant stages of its growth opportunity, the analyst tells investors in a research note.
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- OLAPLEX Reports Fourth Quarter and Fiscal Year 2023 Results
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- Olaplex Holdings reports Q4 adjusted EPS 3c, consensus 3c
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