Forecasting The Future: 4 Analyst Projections For European Wax Center
Portfolio Pulse from Benzinga Insights
European Wax Center (NASDAQ:EWCZ) has received mixed analyst ratings over the past three months, with 4 analysts offering varied opinions. The average 12-month price target is now $17.00, down from the previous $19.75, indicating a 13.92% decrease. Analysts from Piper Sandler, Truist Securities, Morgan Stanley, and Telsey Advisory Group have adjusted their ratings and price targets, reflecting changes in market conditions and company performance. European Wax Center has shown a revenue growth rate of 1.22% as of September 30, 2023, a net margin of 5.28%, an ROE of 2.95%, and an ROA of 0.39%, but carries a high debt-to-equity ratio of 3.83.
January 11, 2024 | 8:01 pm
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NEGATIVE IMPACT
European Wax Center's average price target has been lowered to $17.00, indicating a potential downside according to analysts. The company's financials show growth and profitability but also a high level of debt.
The reduction in the average price target suggests that analysts expect a decrease in European Wax Center's stock price in the short term. The mixed analyst ratings, along with the company's high debt-to-equity ratio, could contribute to negative investor sentiment. However, the company's revenue growth and profitability metrics may provide some support to the stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100