Beyond The Numbers: 4 Analysts Discuss Honest Co Stock
Portfolio Pulse from Benzinga Insights
Analysts have varied opinions on Honest Co (NASDAQ:HNST), with recent ratings showing a mix of bullish and somewhat bullish sentiments. The average 12-month price target has increased by 22.22% to $5.5. Honest Co has shown a 10.06% revenue growth but lags behind industry peers. The company maintains a strong net margin and effective debt management.
September 10, 2024 | 12:02 pm
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POSITIVE IMPACT
Honest Co (NASDAQ:HNST) has received mixed analyst ratings, with a recent increase in the average 12-month price target to $5.5, indicating a positive outlook. The company has shown revenue growth but still lags behind industry peers. Strong net margin and effective debt management are positive indicators.
The increase in the average price target by 22.22% suggests a positive short-term outlook for Honest Co. The mixed analyst ratings, with a majority being bullish, further support this. Despite lagging revenue growth compared to peers, the company's strong net margin and effective debt management are positive indicators for investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100