Piper Sandler lowered the firm’s price target on Hims & Hers to $7 from $10 and keeps a Neutral rating on the shares following Q3 results. While management continues to execute well on the top line, beating Street estimates and raising guidance yet again, margin trajectory continues to track in line, and with ongoing customer engagement and pricing investments, management is still not delivering profitability. the firm argues.
Protect Your Portfolio Against Market Uncertainty
- Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
- Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on HIMS: