Barclays starts Hims & Hers at Overweight, says expectations are more reasonable

Barclays initiated coverage of Hims & Hers with an Overweight rating and $48 price target With the concerns around the sustainability of the company’s compounding strategy now better understood, the firm believes the expectations around the shares have become more reasonable, the analyst tells investors in a research note. The firm added that, looking forward to FY26, it believes the recent addition of other growth drivers help create a more favorable setup for durable growth.