tiprankstipranks
Honest Company price target raised to $6 from $4 at Telsey Advisory
The Fly

Honest Company price target raised to $6 from $4 at Telsey Advisory

Telsey Advisory raised the firm’s price target on Honest Company (HNST) to $6 from $4 and keeps a Market Perform rating on the shares. The company has delivered a “nice” adjusted EBITDA beat for the sixth consecutive quarter, the analyst tells investors. The company, however, is still in the early days of its transformation efforts and the profitability potential of its model remains uncertain, the firm adds.

Don't Miss our Black Friday Offers:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App