TD Cowen initiated coverage of Waldencast (WALD) with a Hold rating and $4.30 price target The firm says that while Obagi and Milk have unique positioning in the beauty space with opportunities to gain share, the combination of a normalizing beauty category, tougher comparisons lapping fiscal 2024’s “stellar” growth, and limited cash generation in the near-term could keep the stock range bound.
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Read More on WALD:
- Waldencast price target raised to $6 from $5 at Canaccord
- Waldencast Reports Strong Q3 2024 Financial Growth
- Morning Movers: Nvidia turns green, BJ’s Wholesale rises after earnings
- Waldencast’s Strategic Growth in Beauty and Wellness
- Closing Bell Movers: Nvidia down slightly after Q3 results
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
