Morgan Stanley downgrades Hims&Hers on valuation concerns

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Hims and Hers (HIMS) PT Raised to $21 at BofA Securities

February 20, 2025 5:18 AM EST

BofA Securities analyst Michael Cherny raised the price target on Hims and Hers (NYSE: HIMS) to $21.00 (from $18.00) while maintaining a Underperform rating.

The analyst comments "HIMS observed sales per Bloomberg Second Measure (BSM) data grew 104% y/y in January and suggests GLP-1s... More