So-Young Int'l (SY) PT Lowered to $14 at Needham & Company

March 23, 2021 7:08 AM EDT
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Price: $8.93 +2.29%

Rating Summary:
    9 Buy, 1 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 17 | Down: 13 | New: 41
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Needham & Company analyst Vincent Yu lowered the price target on So-Young Int'l (NASDAQ: SY) to $14.00 (from $16.00) while maintaining a Buy rating.

The analyst commented, "So-Young reported in-line 4Q20 results, but guidance was disappointing. In 2021, the company plan to refine its offline operation, expand So-Young Pass to attract new users, and improve purchasing conversion rates in the non-surgical categories, all while waiting for a full recovery in surgical categories. That said, we are lowering our 1Q21 and FY21 estimates and our PT to $14 from $16 in anticipation of a slower-than-expected recovery in the reservation services segment."

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