Alliance Global Partners has commenced coverage on Waldencast (WALD, Financial) with a Buy rating, setting a price target of $5. This optimistic stance is backed by Waldencast's strategic vision to evolve into a prominent multi-brand entity in the beauty and wellness industry, leveraging the strengths of its Milk Makeup and Obagi brands.
The analyst highlights the robust growth and margins exhibited by both brands, projecting continued success through 2025. This growth potential, according to the firm, positions Waldencast as an attractive investment opportunity. There is also potential for the company's stock to undergo multiple re-ratings by the year's conclusion, offering further upside for investors.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 4 analysts, the average target price for Waldencast PLC (WALD, Financial) is $4.85 with a high estimate of $6.00 and a low estimate of $3.40. The average target implies an upside of 76.36% from the current price of $2.75. More detailed estimate data can be found on the Waldencast PLC (WALD) Forecast page.
Based on the consensus recommendation from 5 brokerage firms, Waldencast PLC's (WALD, Financial) average brokerage recommendation is currently 2.2, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
