Analyst Susan Anderson of Canaccord Genuity maintained a Buy rating on Inter Parfums, retaining the price target of $168.00.
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Susan Anderson’s rating is based on several factors that highlight the positive outlook for Inter Parfums. The company remains on track to meet its fiscal year 2025 guidance, with the fragrance category showing resilience and strong demand. Despite an uncertain macroeconomic environment, management’s cautiously optimistic tone and strategic initiatives, such as new product launches and favorable foreign exchange impacts, support the potential for continued growth.
Furthermore, the fragrance industry is outperforming the broader beauty market, with expectations for mid-single-digit growth. Inter Parfums is well-positioned to capitalize on these trends, as the company benefits from thematic trends like fragrance being seen as an affordable luxury and the increasing consumer interest in building a “fragrance wardrobe.” Additionally, management’s efforts to mitigate tariff impacts and strategic pricing adjustments further strengthen the company’s prospects, justifying the Buy rating.
Based on the recent corporate insider activity of 16 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.