In a report released today, Chasen Bender from Citi maintained a Buy rating on Herbalife (HLF – Research Report), with a price target of $16.00.
Chasen Bender has given his Buy rating due to a combination of factors concerning Herbalife’s recent performance in web and app traffic, as well as expected share price return. The data suggests a positive trajectory in key markets, with a notable uptick in user engagement and website visits. This improvement is seen as a strong indicator of future sales and volume point trends, which are essential for the company’s growth.
The analysis of global and regional trends reveals that, despite some year-over-year declines, Herbalife has experienced a significant month-over-month improvement. In particular, the United States market shows a robust increase in total website visits, signaling heightened consumer interest. Additionally, the forecast for the company’s earnings per share is promising, with a substantial expected share price return, which further supports the Buy recommendation.
Bender covers the Consumer Cyclical sector, focusing on stocks such as Yeti Holdings, Solo Brands Inc Class A, and Nu Skin. According to TipRanks, Bender has an average return of -15.7% and a 28.00% success rate on recommended stocks.
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Herbalife (HLF) Company Description:
Herbalife Nutrition Ltd. is a holding company, which engages in the development and sale of nutrition solutions. It operates through the following segments: North America; Mexico; South and Central America; Europe, Middle East, and Africa; Asia pacific; and China. The company was founded by Mark Reynolds Hughes in February 1980 and is headquartered in George Town, Cayman Islands.
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Publish date : 2024-08-22 23:56:00
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