Telsey Advisory analyst Dana Telsey lowered the firm’s price target on Waldencast (WALD) to $4 from $5 and keeps an Outperform rating on the shares. While not entirely unexpected, FY25 has started out relatively challenging, the analyst tells investors. While margin and distribution expansion opportunities exist for its Milk Makeup brand, the firm is moderating its price target given incremental risks to the global macro outlook.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WALD:
- Waldencast price target lowered to $4.50 from $5 at Alliance Global Partners
- Waldencast price target lowered to $5 from $6 at Canaccord
- Waldencast Acquisition: Overcoming Short-Term Challenges with Strong Long-Term Growth Potential
- Waldencast Reports Q1 2025 Financial Performance
- Waldencast Reports Q1 2025 Financial Results Amid Challenges