Telsey Advisory raised the firm’s price target on a.k.a. Brands (AKA) to $10 from $9 and keeps a Market Perform rating on the shares. The company’s Q1 results came in better than expected, with encouraging return to growth in Australia and New Zealand as well as continued momentum in the U.S., the analyst tells investors. While the firm believes the company’s brands are positioned to return to growth through product newness and increasing active customer base, visibility into long-term profitability remains limited.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AKA:
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue