Loop Capital analyst Laura Champine raised the firm’s price target on Honest Company (HNST) to $7 from $5 and keeps a Buy rating on the shares. The firm cites the company’s Q3 earnings beat and guidance raise, also noting that Honest’s relationship with Amazon (AMZN) remains a bright spot, with consumption at the company’s “largest digital customer” up 19%, the analyst tells investors in a research note.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- 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 $6 from $4 at Telsey Advisory
- Honest Company price target raised to $7 from $6.50 at B. Riley
- Honest Company price target raised to $7 from $6 at Lake Street
- Honest Company price target raised to $7.50 from $6.50 at Northland
- Honest Company price target raised to $8 from $5.75 at Alliance Global Partners