- 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.
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