In a report released yesterday, Susan Anderson from Canaccord Genuity maintained a Buy rating on Inter Parfums, with a price target of $168.00.
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Susan Anderson’s rating is based on a combination of factors that highlight the potential for growth in Inter Parfums’ stock. Despite a slight dip in sales for the second quarter, attributed to temporary issues such as tariff-related pressures and the exit from the Dunhill license, the company has demonstrated resilience. The fragrance market remains robust, with a notable increase in consumer demand, particularly for premium offerings, which aligns well with Inter Parfums’ product portfolio.
Looking forward, the company is poised for a rebound in sales as retailers are expected to replenish their inventories. This anticipated growth is supported by a planned average price increase, new product launches, and favorable foreign exchange conditions. Additionally, Inter Parfums has a strong pipeline of innovative products, which includes new brand extensions and the introduction of luxury brands. These factors contribute to the confidence in achieving the company’s fiscal year sales guidance, justifying the Buy rating and the $168 price target.
In another report released on July 28, BWS Financial also maintained a Buy rating on the stock with a $172.00 price target.
IPAR’s price has also changed moderately for the past six months – from $138.890 to $120.680, which is a -13.11% drop .