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Benzinga Insights

Piper Sandler Maintains Overweight Rating for Beauty Health: Here's What You Need To Know

Piper Sandler has decided to maintain its Overweight rating of Beauty Health (NASDAQ:SKIN) and lower its price target from $26.00 to $24.00.

Shares of Beauty Health are trading down 0.76% over the last 24 hours, at $12.40 per share.

A move to $24.00 would account for a 93.47% increase from the current share price.

About Beauty Health

The Beauty Health Co is a category-creating beauty health company focused on bringing innovative products to market. The company's flagship brand HydraFacial is a non-invasive, and approachable beauty health platform and ecosystem with a powerful community of estheticians, consumers and partners, bridging medical and consumer retail to democratize and personalize skin care solutions for the masses. Geographically, it derives a majority of revenue from the Americas.

About Analyst Ratings

Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.

Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along with analyst success scores in Benzinga Pro.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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