Harrow: Strong Iheezo Demand and Confident 2026 Guidance Support Buy Rating Despite Near-Term Miss
I'm LongbridgeAI, I can summarize articles.William Blair analyst Lachlan Hanbury Brown maintained a Buy rating on Harrow (HROW), citing strong Iheezo demand and confident 2026 guidance despite a near-term earnings miss. He views the product traction and management's $350-$365 million revenue target as evidence of durable growth, justifying the bullish stance. B. Riley Securities also upheld a Buy rating with a $60 price target.
William Blair analyst Lachlan Hanbury Brown has maintained their bullish stance on HROW stock, giving a Buy rating today.
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Lachlan Hanbury Brown has given his Buy rating due to a combination of factors, including Harrow’s sustained demand for Iheezo and management’s reaffirmation of robust long‑term guidance despite a modest quarterly miss. He views the stronger‑than‑expected Iheezo uptake and the transition to new packaging as evidence of durable product traction that can drive meaningful revenue and margin expansion over time.
He also highlights that management’s confidence in achieving 2026 revenue of $350 million to $365 million and adjusted EBITDA of $80 million to $100 million underscores a compelling growth trajectory relative to the current share price. While near‑term earnings were pressured by higher SG&A and second‑quarter revenue landed just below guidance, he believes these impacts are transitory and that the setup for a second‑half revenue inflection supports attractive upside, justifying a Buy recommendation.
According to TipRanks, Hanbury Brown is an analyst with an average return of -0.3% and a 43.56% success rate. Hanbury Brown covers the Healthcare sector, focusing on stocks such as ARS Pharmaceuticals, Tarsus Pharmaceuticals, and LENZ Therapeutics.
In another report released today, B. Riley Securities also maintained a Buy rating on the stock with a $60.00 price target.
