CompetitionAmazon's entrance into these markets signal growing competition for customers and is expected to impact the prices that HIMS can charge, HIMS’ ability to grow and capture new customers, and HIMS’ LTV/CAC.
Market VolatilityThe stock is bound to see continued volatility both to the upside and downside on headlines tied to the overall supply availability of all things GLP-1s-related, whether it is tied to products that HIMS sells or not.
Regulatory ChallengesThe regulatory overhang for semaglutide remains a key uncertainty, with concerns about the long-term duration of GLP-1 sales and how they factor into the enterprise growth profile.