Goldman Sachs Bullish On Olaplex - Read Why - Olaplex Hldgs (NASDAQ:OLPX)

Goldman Sachs analyst Jason English initiated coverage of Olaplex Holdings Inc OLPX with a Buy rating and $34 price target.
The analyst said the company has created a "unique patent-protected" hair care product that is perceived by both consumers and stylists who use it as having superior hair regenerative and maintenance benefits.
English believes Olaplex's revenue can more than double over the next three years and drive 80%-90% EBITDA growth over that time frame.
Telsey Advisory Group analyst Dana Telsey initiated coverage on the company with an Outperform rating and announced a price target of $34, implying a 17.24% upside.
Price Action: OLPX shares are trading higher by 0.34% at $29.10 in premarket on the last check Monday.

Momentum24.66

Growth15.71

Quality-

Value22.96

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Medium

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Goldman Sachs Bullish On Olaplex - Read Why