In a report released yesterday, Charles Rhyee from TD Cowen maintained a Buy rating on Owlet, with a price target of $15.00.
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Charles Rhyee has given his Buy rating due to a combination of factors that highlight Owlet’s strong performance and strategic initiatives. The company reported impressive third-quarter results, with revenue and EBITDA exceeding expectations, and a significant year-over-year growth in international markets. This success is attributed to the launch of new products like the Dream Sight camera and the expansion of their core business.
Despite the challenges posed by tariffs and increased R&D spending, Rhyee believes that Owlet’s focus on development is a wise move. The company’s strategic investments in international growth, partnerships with health systems, and data-driven offerings are expected to drive future growth. Additionally, the conservative guidance for the fourth quarter of 2025 is seen as a prudent approach, given the current momentum in the business. These factors collectively support Rhyee’s positive outlook on Owlet’s stock.