Analysts See Sharp Upside In AKA Brands Holding
Benzinga
Oct. 18, 2021, 01:52 PM
- Piper Sandler analyst Erinn Murphy initiated coverage of AKA Brands Holding Corp (NYSE:AKA) with an Overweight rating and $13 price target, implying a 47% upside.
- The analyst said that the company's s portfolio of profitable growth brands "is worth a look" given the strong appetite for apparel replenishment into 2022.
- Cowen analyst Oliver Chen initiated coverage with an Outperform rating, $11 price target, and a 25% upside.
- The analyst said they are a next-generation digitally native global fashion platform with anchor brands and its competitive moats include differentiated and diversified brands on the platform, synergistic common-operating model and, data-driven & dual-hemisphere approach.
- Wells Fargo analyst Ike Boruchow initiated coverage of AKA Brands Holding with an Equal Weight rating, $10 price target, suggesting a 13% upside.
- Credit Suisse analyst Michael Binetti initiated coverage with a Neutral rating and $10 price target.
- BofA initiated coverage of AKA Brands Holding with a Buy rating and $13 price target, implying 47% upside.
- KeyBanc analyst Edward Yruma initiated coverage with an Overweight rating and a $13 price target.
- Truist analyst Youssef Suali initiated coverage of AKA Brands Holding with a Buy rating, with a $16 price target.
- Jefferies analyst Randal Konik initiated coverage with a Buy rating and $20 price target, suggesting 127% upside.
- Telsey Advisory Group analyst Dana Telsey initiated coverage with an Outperform rating and a $12 price target.
- Price Action: AKA shares are trading higher by 3.23% at $8.79 on the last check Monday.