Truist Securities Maintains Buy Rating for Olaplex Hldgs: Here's What You Need To Know

Truist Securities has decided to maintain its Buy rating of Olaplex Hldgs OLPX and lower its price target from $25.00 to $10.00.

Shares of Olaplex Hldgs are trading down 50.72% over the last 24 hours, at $4.83 per share.

A move to $10.00 would account for a 107.25% increase from the current share price.

About Olaplex Hldgs

Olaplex Holdings Inc is a science-enabled, technology-driven beauty company. It offers science-backed solutions that improve hair health. It identifies consumers' most relevant haircare concerns in collaboration with the community of professional hairstylists and consumers and strives to address them through its proprietary technology and innovation capabilities. It offers products through a global omnichannel platform serving the professional, specialty retail, and DTC channels. The company derives its revenue through the sale of its specialty hair care products.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.