Olaplex Holdings: Hold Rating Amid Turnaround Progress and Competitive Challenges
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Analyst Dara Mohsenian from Morgan Stanley has maintained a Hold rating on Olaplex Holdings, lowering the price target from $1.75 to $1.40. The rating reflects the company's recent performance, showing progress in turnaround efforts with better-than-expected Q3 results. However, challenges such as revenue declines, competitive pressures, and macroeconomic factors persist. Despite a conservative outlook and maintaining full-year guidance, more consistent evidence of sustained revenue growth is needed for a more favorable rating. Another report also reiterated a Hold rating with a $1.00 price target.
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