BTIG analyst Sam Eiber has reiterated their bullish stance on EOLS stock, giving a Buy rating on August 26.
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Sam Eiber has given his Buy rating due to a combination of factors, including the strategic appointment of Tatjana Mitchell as the new Chief Financial Officer at Evolus. Her extensive experience in consumer-focused businesses, particularly in her previous roles at Experian and Zulily, positions her as a strong asset for Evolus. The decision to hire someone with a similar background to her predecessor suggests a continuity in financial strategy, which is likely to benefit the company.
Despite the absence of an updated full-year guidance in the recent announcement, this aligns with Evolus’s usual practice, indicating stability and predictability in their communications. The company’s decision not to alter its estimates further reinforces confidence in its current trajectory. These elements collectively underpin Sam Eiber’s positive outlook on Evolus’s stock performance.
In another report released on August 26, Mizuho Securities also maintained a Buy rating on the stock with a $19.00 price target.