Bank of America Securities analyst Allen Lutz has maintained their neutral stance on HIMS stock, giving a Hold rating today.
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Allen Lutz has given his Hold rating due to a combination of factors, including a mixed first quarter and a profit outlook that requires a sharp improvement later in the year. While subscriber growth exceeded expectations and international revenue was solid, overall revenue and adjusted EBITDA fell short of Street estimates, and margins remained under pressure.
At the same time, management raised full-year revenue guidance but trimmed adjusted EBITDA guidance, signaling stronger top-line momentum but weaker profitability than previously anticipated. The second-quarter outlook shows revenue meaningfully above consensus but EBITDA well below, reinforcing uncertainty around the pace and sustainability of margin expansion, so Lutz sees the risk/reward as balanced and keeps the price target unchanged at $32.
In another report released today, Citi also assigned a Hold rating to the stock with a $28.00 price target.
HIMS’s price has also changed moderately for the past six months – from $39.750 to $29.140, which is a -26.69% drop .