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Benzinga
Benzinga
Business
Shivani Kumaresan

UBS Upgrades This Luxury E-Commerce Company - Read Why

UBS eCommerce NYSE
  • UBS analyst Kunal Madhukar upgraded MYT Netherlands Parent BV (NYSE:MYTE) (Mytheresa) to Buy from Neutral.
  • Madhukar said he is optimistic about the company's strategy of growth with solid margins as well as its compelling valuation.
  • He noted several reasons why the stock remained under the radar, including investor apathy towards eCommerce and small market cap.
  • The analyst added that the Q3 results in May and guidance for the June quarter should be a catalyst.
  • Price Action: MYTE shares are trading higher by 3.64% at $11.26 on the last check Thursday.
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