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Hims & Hers price target raised to $23 from $14 at Jefferies

Jefferies raised the firm’s price target on Hims & Hers to $23 from $14 and keeps a Hold rating on the shares. The firm assumes shortages abate in 4Q25 and IP issues begin to impact the business at the end of calendar 2025, the analyst tells investors in a research note. Jefferies says website traffic has moderated after an initial surge, and shares are pricing in upside with limited consideration of long-term potential for IP-related issues.

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