#7 - Hims & Hers Health (NYSE:HIMS)
Hims & Hers Health (NYSE: HIMS) is one of the leading telehealth companies in the world. The company is expanding its portfolio to include a broader range of services, and investors are taking note. HIMS stock is up 64% in the last 12 months.
Revenue is growing strongly supported by the company's subscriber base, which increased 48% in 2023 to over 1.5 million members. The company is also forecasting strong revenue growth in 2024 in a range of $1.17 and $1.20 billion.
Perhaps more importantly, the company reported positive earnings in its most recent quarter. The company is projecting earnings growth to continue in the next 12 months, but analysts are bringing down their price targets. That sentiment appears to be changing. In late February, several analysts began raising their price targets for HIMS stock.
About Hims & Hers Health
Hims & Hers Health, Inc operates a telehealth consultation platform. It connects consumers to healthcare professionals, enabling them to access medical care for mental health, sexual health, dermatology and primary care. The company was founded in 2017 and is headquartered in San Francisco, CA.
- Current Price
- $42.12
- Consensus Rating
- Hold
- Ratings Breakdown
- 8 Buy Ratings, 7 Hold Ratings, 2 Sell Ratings.
- Consensus Price Target
- $25.13 (40.3% Downside)
Stocks under $20 are appropriate for both traders and investors. In fact, many investors have stocks under $20 as part of a diversified portfolio. These stocks are frequently perceived as being more volatile than higher-priced blue-chip stocks.
However, frequently, the risk profile of these stocks has a tighter correlation to stocks with a higher price tag. And investors also speculate that these stocks could have market-beating upside while putting much less capital at risk.
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