Hims and Hers (HIMS) PT Raised to $23 at Truist Securities

Truist Securities analyst Jailendra Singh raised the price target on Hims and Hers (NYSE: HIMS) to $23.00 (from $18.00) while maintaining a Hold rating.

The analyst comments "As we incorporate incremental insights from our Truist Card Data, along with disclosures from 1Q26 earnings call, we are refining our model to better delineate HIMS' revenue streams across branded GLP-1, compounded GLP-1, and non-GLP-1 businesses. While company disclosures remain limited - and are unlikely to materially improve in the near term - we intend to leverage our proprietary card data to develop a more granular view of individual biz trends. Our prior notes on HIMS’ 1Q26 results: (HIMS - Quick Take - 1Q26 Print in 60 Seconds) and (HIMS - The Story Continues to Evolve: Novo’s Growing Role in HIMS’ Revenue Outlook; Follow-up Call Takeaways). Reiterate Hold."

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