Olaplex Holdings: Strong Q3 Performance and Strategic Innovations Support Buy Rating
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Canaccord Genuity analyst Susan Anderson has maintained a Buy rating on Olaplex Holdings, setting a price target of $2.00. This rating follows Olaplex's strong Q3 performance, where the company exceeded sales expectations despite market challenges. The management's focus on brand demand and innovation, including the launch of six new SKUs and the acquisition of biotech company Purvala, is expected to drive future growth. The resilience of the prestige beauty category amid economic volatility further supports Anderson's positive outlook.
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