Oliver Chen, an analyst from TD Cowen, maintained the Buy rating on LuxExperience. The associated price target remains the same with $11.00.
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Oliver Chen has given his Buy rating due to a combination of factors including a clear inflection in profitability and disciplined execution across the digital luxury portfolio. Group adjusted EBITDA margins turned positive, supported by strong margin expansion at Mytheresa, while SG&A cost ratios improved meaningfully quarter over quarter, signaling better operating leverage and cost control.
He also highlights Mytheresa’s robust top-line and high-margin growth, particularly in the U.S., as a proof point that the platform can scale profitably and gain share. Management’s tightened guidance, improving trends at YOOX, and a credible path toward higher EBITDA margins and reduced cash burn underpin his conviction, reflected in a price target of $11 based on premium EV/EBITDA and EV/Sales multiples.
In another report released yesterday, TipRanks – Google also upgraded the stock to a Buy with a $8.50 price target.