Leerink Partners analyst Marc Goodman has maintained their bullish stance on EOLS stock, giving a Buy rating on June 12.
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Marc Goodman has given his Buy rating due to a combination of factors that reflect Evolus’s strategic positioning and future growth potential. The management’s confidence in achieving their 2025 guidance, despite current market challenges, indicates a strong belief in the company’s ability to meet its revenue targets. This is supported by the performance of Jeuveau, which has already contributed significantly to the projected annual revenues.
Additionally, the company’s conservative approach to its 2028 revenue guidance suggests a buffer for unforeseen challenges, maintaining a target of $700 million. Evolus’s commitment to achieving break-even by the end of 2025 and maintaining a healthy operating margin by 2028 further underscores its financial discipline. The expansion of its product portfolio and the strategic hiring of a specialized team to enhance business in national accounts are seen as positive steps towards capturing market share and driving growth.
In another report released on June 12, Mizuho Securities also assigned a Buy rating to the stock with a $25.00 price target.
Based on the recent corporate insider activity of 27 insiders, corporate insider sentiment is neutral on the stock.
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