We are reiterating our Buy rating, price target and projections for Starco Brands with the company announcing 2Q24 (June) results after the close on Tuesday. We believe, after resetting near-term expectations in 1Q due to multiple expansions for key brands in 2H and 2025 and Whipshots slightly plateauing, the 2Q call will be focused on laying out the road map for material expansion on multiple levels/brands and the longer term positive implications. We believe there remain multiple pathways to upside for the company over the longer-term and, the model of leveraging the company's manufacturing and marketing infrastructure remains fully intact. As such, we reiterate our Buy rating and price target for STCB.
06 Aug 2024
STCB: 2Q Preview: Putting the Building Blocks Together; Reiterate Buy, PT
elf Beauty Inc (ELF:NYSE), 0 | e.l.f. Beauty, Inc. (ELF:NYS), 0 | Starco Brands Inc (STCB:NYSE), 0 | Starco Brands Inc Class A (STCB:OTC), 0 | Coty (COTY:NYSE), 0 | Coty Inc. Class A (COTY:NYS), 0 | Diageo plc (DGE:LON), 1,472 | Estee Lauder Companies (EL:NYSE), 0 | Estee Lauder Companies Inc. Class A (EL:NYS), 0 | INTER PARFUMS (IPAR:NYSE), 0 | Interparfums, Inc. (IPAR:NAS), 0 | Unilever Nigeria PLC (UNILEVER:NSA), 0 | Edgewell Personal Care Co (EPC:NYSE), 0 | Edgewell Personal Care Co. (EPC:NYS), 0
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STCB: 2Q Preview: Putting the Building Blocks Together; Reiterate Buy, PT
elf Beauty Inc (ELF:NYSE), 0 | e.l.f. Beauty, Inc. (ELF:NYS), 0 | Starco Brands Inc (STCB:NYSE), 0 | Starco Brands Inc Class A (STCB:OTC), 0 | Coty (COTY:NYSE), 0 | Coty Inc. Class A (COTY:NYS), 0 | Diageo plc (DGE:LON), 1,472 | Estee Lauder Companies (EL:NYSE), 0 | Estee Lauder Companies Inc. Class A (EL:NYS), 0 | INTER PARFUMS (IPAR:NYSE), 0 | Interparfums, Inc. (IPAR:NAS), 0 | Unilever Nigeria PLC (UNILEVER:NSA), 0 | Edgewell Personal Care Co (EPC:NYSE), 0 | Edgewell Personal Care Co. (EPC:NYS), 0
- Published:
06 Aug 2024 -
Author:
Eric Beder -
Pages:
4 -
We are reiterating our Buy rating, price target and projections for Starco Brands with the company announcing 2Q24 (June) results after the close on Tuesday. We believe, after resetting near-term expectations in 1Q due to multiple expansions for key brands in 2H and 2025 and Whipshots slightly plateauing, the 2Q call will be focused on laying out the road map for material expansion on multiple levels/brands and the longer term positive implications. We believe there remain multiple pathways to upside for the company over the longer-term and, the model of leveraging the company's manufacturing and marketing infrastructure remains fully intact. As such, we reiterate our Buy rating and price target for STCB.