The Honest (NASDAQ:HNST) PT Raised to $20.00 at Loop Capital

The Honest (NASDAQ:HNST) had its price target hoisted by equities research analysts at Loop Capital from $15.00 to $20.00 in a report released on Friday, The Fly reports. The firm presently has a “hold” rating on the stock. Loop Capital’s target price indicates a potential upside of 7.30% from the stock’s current price.

Other analysts also recently issued research reports about the company. Morgan Stanley began coverage on The Honest in a research report on Tuesday, June 1st. They issued an “overweight” rating and a $17.50 target price for the company. William Blair started coverage on shares of The Honest in a research note on Tuesday, June 1st. They issued an “outperform” rating for the company. Telsey Advisory Group started coverage on shares of The Honest in a research report on Tuesday, June 1st. They issued an “outperform” rating and a $21.00 target price on the stock. Guggenheim started coverage on shares of The Honest in a research note on Tuesday, June 1st. They issued a “buy” rating and a $18.00 price target for the company. Finally, JPMorgan Chase & Co. assumed coverage on The Honest in a research note on Monday, May 31st. They set an “overweight” rating and a $18.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The Honest presently has an average rating of “Buy” and a consensus target price of $18.81.

HNST traded down $0.47 during trading on Friday, reaching $18.64. The stock had a trading volume of 7,299 shares, compared to its average volume of 1,722,472. The Honest has a one year low of $14.54 and a one year high of $23.88.

The Honest Company Profile

The Honest Company, Inc manufactures and sells baby, personal, and beauty care products. It offers products in the areas of diapers, bath, body, beauty, cleaning, gifts, kids, and clothing. The company serves customers through digital and retail sales channels, such as its website and third-party ecommerce sites, as well as brick and mortar retailers.

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