Northland analyst Owen Rickert raised the firm’s price target on Honest Company (HNST) to $7.50 from $6.50 and keeps an Outperform rating on the shares after the company reported “record” Q3 revenue and adjusted EBITDA that beat the firm’s estimate. This was “another stellar quarter across the board and strong trends from 2Q definitely maintained momentum into 3Q,” the analyst tells investors.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HNST:
- Honest Company price target raised to $8 from $5.75 at Alliance Global Partners
- The Honest Company Reports Strong Q3 Results and Outlook
- Closing Bell Movers: Instacart down 6% after earnings
- Honest raises FY24 revenue view to up high single digit percentage
- Honest Company reports Q3 EPS 0c, consensus (4c)