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Analyst Rating: Will Honest Company Inc (HNST) Stock Outperform the Market?

Friday, December 01, 2023 11:17 AM | InvestorsObserver Analysts

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Analyst Rating: Will Honest Company Inc (HNST) Stock Outperform the Market?

InvestorsObserver is giving Honest Company Inc (HNST) an Analyst Rating Rank of 25, meaning HNST is ranked higher by analysts than 25% of stocks. The average price target for HNST is $1.925 and analyst’s rate the stock as a Buy.

Overall Score - 3.7
Wall Street analysts are rating HNST a Buy today. Find out what this means to you and get the rest of the rankings on HNST!

Why are Analyst Ratings Important?

Analysts know the inner workings of the companies they follow better than anyone but the companies’ management. You can learn a lot about a company from studying the financial statements, but analysts ask questions on conference calls and understand the intricacies of each of the businesses they cover. Analysts understand how bad weather in one part of the world can disrupt supply chains, or disrupt shopping patterns. This lets traders make decisions before a quarterly report that could be worse than expected. InvestorsObserver aggregates the ratings of all the analysts covering a given stock, takes the average of those ratings and then percentile ranks the averages. That provides a level of granularity that is significantly better than just the three levels provided by traditional buy/hold/sell ratings.

What's Happening With Honest Company Inc Stock Today?

Honest Company Inc (HNST) stock is trading at $2.50 as of 11:17 AM on Friday, Dec 1, an increase of $0.11, or 4.6% from the previous closing price of $2.39. The stock has traded between $2.20 and $2.57 so far today. Volume today is above average. So far 2,601,402 shares have traded compared to average volume of 733,872 shares. Click Here to get the full Stock Report for Honest Company Inc stock.

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