Telsey Advisory analyst Dana Telsey maintained a Hold rating on Olaplex Holdings (OLPX – Research Report) today and set a price target of $2.00. The company’s shares closed yesterday at $1.93.
According to TipRanks, Telsey is a 4-star analyst with an average return of 3.0% and a 45.00% success rate. Telsey covers the Consumer Cyclical sector, focusing on stocks such as Birkenstock Holding plc, Wolverine World Wide, and Lululemon Athletica.
The word on The Street in general, suggests a Hold analyst consensus rating for Olaplex Holdings with a $1.89 average price target, a -2.07% downside from current levels. In a report released yesterday, Barclays also assigned a Hold rating to the stock with a $2.00 price target.
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Based on Olaplex Holdings’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $123.56 million and a net profit of $20.37 million. In comparison, last year the company earned a revenue of $176.45 million and had a net profit of $60.76 million
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Olaplex Holdings (OLPX) Company Description:
Olaplex Holdings Inc is a science-enabled, technology-driven beauty company. It offers science-backed solutions that improve hair health. It identifies consumers’ most relevant haircare concerns in collaboration with the community of professional hairstylists and consumers and strives to address them through its proprietary technology and innovation capabilities. It offers products through a global omnichannel platform serving the professional, specialty retail, and DTC channels. The company derives its revenue through the sale of its specialty hair care products.
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