Where European Wax Center Stands With Analysts
Portfolio Pulse from Benzinga Insights
European Wax Center (NASDAQ:EWCZ) has received mixed analyst ratings over the past quarter, with all 4 analysts rating it as somewhat bullish. The average 12-month price target for EWCZ has increased to $18.5, up 2.78% from the previous target of $18. Analysts from Telsey Advisory Group and Piper Sandler have maintained and raised their ratings, respectively, with price targets ranging from $18 to $20. European Wax Center has shown positive financial performance, with solid revenue growth, high net margin, and strong ROE and ROA, despite a high debt-to-equity ratio.
March 07, 2024 | 12:00 pm
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European Wax Center has received somewhat bullish ratings from analysts, with an updated average price target of $18.5. The company's financial performance is strong, showing solid revenue growth and high net margin, although it has a high debt-to-equity ratio.
The somewhat bullish analyst ratings and the increase in the average price target suggest a positive outlook for EWCZ in the short term. The company's strong financial performance, particularly in terms of revenue growth and profitability, supports this view. However, the high debt-to-equity ratio is a concern that investors should monitor, as it could pose financial challenges in the future.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100