Canaccord Genuity analyst Susan Anderson maintained a Buy rating on Inter Parfums yesterday and set a price target of $168.00.
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Susan Anderson’s rating is based on Inter Parfums’ strategic expansion of its brand portfolio, which includes the recent acquisition of the Longchamp fragrance license. This move marks Longchamp’s debut in the fragrance market and is expected to enhance Inter Parfums’ growth trajectory by tapping into new market segments. Additionally, the company has launched its own luxury brand, Solferino, and is planning further expansions with brands like Off-White and Goutal, indicating a robust pipeline of growth opportunities.
Inter Parfums’ strategy of combining new brand acquisitions with the development of existing ones is expected to sustain its growth momentum. The company’s ability to innovate through flanker launches and new fragrance franchises for its established brands further supports its potential for continued success. The global recognition of brands like Longchamp, especially in key markets such as the US, Western Europe, and APAC, positions Inter Parfums well for future growth, justifying Susan Anderson’s Buy rating.
IPAR’s price has also changed slightly for the past six months – from $144.480 to $132.650, which is a -8.19% drop .