Inter Parfums: Resilient Fundamentals, Easing Comparisons, and Attractive Valuation Support Buy Rating and $123 Target

Analyst Susan Anderson from Canaccord Genuity maintained a Buy rating on Inter Parfums and keeping the price target at $123.00.

Susan Anderson has given his Buy rating due to a combination of factors, including Inter Parfums’ resilient performance despite short-term headwinds. While first-quarter sales came in slightly below projections, the impact was largely tied to the Middle East conflict and uneven brand performance, not a structural demand issue, and foreign exchange even provided a notable benefit.

Anderson also underscores that management remains cautiously optimistic and has kept its longer-term outlook intact, with only modest trims to near-term sales and EPS forecasts. She views U.S. fragrance demand as solid, believes easier comparisons in coming quarters should support acceleration, and sees the current valuation as attractive relative to the company’s durable growth profile, justifying a Buy rating and $123 price target.

Anderson covers the Consumer Cyclical sector, focusing on stocks such as Sally Beauty, Ulta Beauty, and Olaplex Holdings. According to TipRanks, Anderson has an average return of 17.9% and a 45.34% success rate on recommended stocks.