What 6 Analyst Ratings Have To Say About Olaplex Hldgs
Portfolio Pulse from Benzinga Insights
Analyst ratings for Olaplex Holdings Inc (NASDAQ:OLPX) show a mix of bullish to bearish sentiments, with a significant shift towards indifference in the last quarter. The average 12-month price target has been adjusted to $2.17, down from $4.50, indicating a negative outlook based on recent analyst actions and financial performance. Olaplex's financials reveal a challenging revenue trend with a -14.54% decline, yet it maintains strong profitability indicators such as net margin and ROE.
April 05, 2024 | 12:01 pm
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NEGATIVE IMPACT
Analyst ratings for Olaplex Holdings Inc (NASDAQ:OLPX) have become more indifferent, with a lowered 12-month price target to $2.17 from $4.50, reflecting a negative outlook. Despite a revenue decline of -14.54%, the company shows strong profitability with high net margin and ROE.
The shift towards a more indifferent stance by analysts and the significant reduction in the 12-month price target suggest a bearish outlook for OLPX in the short term. Despite this, the company's strong profitability indicators such as net margin and ROE could provide some support. However, the negative revenue trend and the overall bearish sentiment from analysts are likely to weigh on the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100