Hims & Hers price target raised to $35 from $30 at Needham

Needham raised the firm’s price target on Hims & Hers (HIMS) to $35 from $30 and keeps a Buy rating on the shares. The company’s results came in below estimates and the management lowered its FY26 EBITDA outlook, though the firm remains bullish on the opportunity ahead as HIMS’ renewed partnership with Novo (NVO) is translating into strong early demand, with HIMS on track to add 100K new weight-loss subscribers per month, the analyst tells investors in a research note.