HIMS Blowout Q3 Leads To Substantial Fair Value Bump
Nov 6, 2024
Hims & Hers delivered yet another blowout result for Q3 - this one the most impressive yet. Revenue growth accelerated to 77%, on the back of both the GLP-1 weight loss drug launch, and the 44% subscriber growth it helped drive. Even ex-GLP sales, revenues soared 40%. The weight loss drug launch has also supercharged the Hers brand, giving the company yet another growth avenue. The stock is up over 150% since we added it a year ago, but now looks like as good a time as ever to add. The fair value gets a substantial bump from $21 to $28.
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Watch List
| RDDT | 10.05% |
| NTNX | 29.26% |
| CRWD | 65.47% |
| SE | 31.15% |
| SNOW | 6.81% |
| APPF | 5.42% |
| PINS | -24.39% |
vs. Fair Value Estimates
Buy List
| SEMR | -38.32% |
| TSM | -37.31% |
| GOOG | -51.11% |
| NYAX | -54.27% |
| MSFT | -30.38% |
| ODD | -28.54% |
| ASR | -27.02% |
| FLYW | -38.32% |
| HRMY | -55.59% |
| YOU | -37.07% |
| ABNB | -31.92% |
| MELI | -34.01% |
| ADBE | -40.86% |
vs. Fair Value Estimates
Hold List
| VTEX | -16.96% |
| ZETA | -22.06% |
| CELH | 42.92% |
| TOST | 14.20% |
| CPNG | -16.30% |
| HIMS | -11.29% |
| PAYC | -20.54% |
| MNDY | 13.50% |
| GLBE | -21.76% |
| ZS | 23.36% |
| V | -4.06% |
| ADSK | -2.00% |
| NOW | -1.99% |
| FTNT | -5.23% |
| TEAM | -5.08% |
vs. Fair Value Estimates