The Beauty Health Company (SKIN) PT Raised to $33 at Piper Sandler Citing Several Positive Momentum Indicators

September 1, 2021 8:22 AM EDT
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Price: $12.24 -3.39%

Rating Summary:
    7 Buy, 1 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 19 | Down: 13 | New: 24
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Piper Sandler analyst Erinn Murphy raised the price target on The Beauty Health Company (NASDAQ: SKIN) to $33.00 (from $27.00) after beauty peer read-throughs, web traffic and search activity and "HydraFacial Nation" app downloads all suggest accelerating momentum beyond Q3.

The analyst reiterated an Overweight rating, stating "Recent reports from beauty peers, ULTA and EL, demonstrated that skincare and services demand has accelerated throughout the summer that should continue into the fall." Additionally, """ traffic reached all-time high in July, while Google searches for "Hydrafacial" is nearing 2019 and 2020 peaks."

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Erinn Murphy