Shares of Olaplex Holdings, Inc. (OLPX) plummeted by 5.26% on November 11, 2024, amid concerns over the company's financial performance and future prospects. The stock's decline was likely driven by the following factors:
First, Olaplex reported weaker-than-expected third-quarter results, with revenue of $119.1 million, down 3.6% year-over-year and missing analysts' estimates by 5.9%. Additionally, the company's full-year revenue guidance fell short of analysts' expectations, and its EBITDA guidance for the full year was underwhelming.
Second, Barclays, a prominent Wall Street firm, lowered its price target for Olaplex from $2 to $1.50, while maintaining a Hold rating on the stock. This move by Barclays signals a more cautious outlook for the company and could have contributed to the sell-off in the stock.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。