Inter Parfums: Strong Sales Growth and Strategic Expansion Justify Buy Rating

Analyst Hamed Khorsand of BWS Financial maintained a Buy rating on Inter Parfums (IPAR – Research Report), retaining the price target of $172.00.

Hamed Khorsand’s rating is based on several positive indicators for Inter Parfums. The company has demonstrated resilience in consumer spending trends, with a notable sales increase of approximately 4.6% in the first quarter compared to the previous year. This growth is attributed to strong demand in key markets such as the USA and Europe.
Furthermore, Inter Parfums has effectively expanded its sales by concentrating on prestige brands, and the upcoming introduction of Solferino is expected to enhance their luxury market portfolio. The company’s strategic approach, combined with the potential positive impact of tariffs, suggests a promising outlook for shareholder value, justifying the Buy rating.

In another report released yesterday, Canaccord Genuity also maintained a Buy rating on the stock with a $168.00 price target.

Based on the recent corporate insider activity of 12 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of IPAR in relation to earlier this year.