Hims & Hers Stock Jumps After Barclays Raises Price Target
Summary
Hims & Hers shares rose after Barclays lifted its price target from $29 to $39 and kept an Overweight rating. Barclays pointed to improving demand signals, including higher website traffic and stronger transaction and spending trends in May. The note also cited renewed strength in the GLP-1 segment following the company’s partnership with Novo Nordisk. The stock has rebounded sharply, but it still sits below key long-term levels and remains volatile after a difficult year.
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