The projection of low-to-mid single digit percentage growth in net revenue for FY24 by Honest Company indicates a cautious but positive outlook. This forecast suggests a steady, albeit modest, growth trajectory for the company. Given the specificity of the forecast, it reflects management's confidence in the company's ability to grow in the upcoming fiscal year. However, the impact on the stock price in the short term is likely to be neutral. Investors may have anticipated this growth rate, or they may be waiting for more significant indicators of performance before adjusting their positions.