Oliver Chen, an analyst from TD Cowen, maintained the Buy rating on LuxExperience. The associated price target is $14.00.
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Oliver Chen’s rating is based on an updated financial model that incorporates the latest earnings data. He maintains a Buy rating with a price target of $14, suggesting confidence in the stock’s potential for appreciation.
Chen’s analysis considers the stock’s forward price-to-earnings ratio, which stands at 39 times the fiscal year two earnings, compared to the current 37 times and a three-year average of 19 times. This indicates a favorable valuation relative to historical norms, supporting the Buy recommendation.
According to TipRanks, Chen is a 4-star analyst with an average return of 7.3% and a 53.01% success rate. Chen covers the Consumer Cyclical sector, focusing on stocks such as Ermenegildo Zegna, Tapestry, and Canada Goose Holdings.