Cantor Fitzgerald analyst Louise Chen maintained a Buy rating on Evolus Inc (NASDAQ: EOLS) today and set a price target of $35. The company’s shares closed yesterday at $18.77.
Chen commented:
“Based on our diligence, dermatologists and plastic surgeons appreciate the value proposition of Evolus’s botulinum toxin as a nearly identical product to market leader Botox sold at a discount. Therefore, we think DWP-450 could pick up meaningful market share if it is approved. and other potential upcoming catalysts should drive EOLS shares higher. Valuation Summary We use a blend of EV/EBITDA and DCF analysis to arrive at our $35 12-month price target.”
According to TipRanks.com, Chen is ranked 0 out of 5 stars with an average return of -5.8% and a 39.7% success rate. Chen covers the Healthcare sector, focusing on stocks such as Bausch Health Companies Inc, Melinta Therapeutics Inc, and Aclaris Therapeutics Inc.
Evolus Inc has an analyst consensus of Strong Buy, with a price target consensus of $29.67, implying a 58.1% upside from current levels. In a report issued on August 2, Mizuho Securities also reiterated a Buy rating on the stock with a $27 price target.
.
See today’s analyst top recommended stocks >>
The company has a one-year high of $39.50 and a one-year low of $6.75. Currently, Evolus Inc has an average volume of 555.4K.
Based on the recent corporate insider activity of 9 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of EOLS in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Evolus, Inc. is a medical aesthetics company. The company is engaged in providing physicians and patients with expanded choices in aesthetic procedures and treatments. Evolus was founded in November, 2012 and is headquartered in Irvine, CA.
