A California-based retail tech company is turning heads on Tuesday after it was upgraded by Piper Sandler from an underweight rating to neutral. This upgrade also came with a fresh price target set at $2.00/share.

Seeing that Olaplex Holdings Inc. (Nasdaq:OLPX) closed yesterday at just $1.705/share, it’s no wonder traders got excited during Tuesday’s session. Shares climbed up to $1.85/share (+8.50%) at the session high. 

Olaplex Holdings Inc is a science-enabled, technology-driven beauty company. It offers science-backed solutions that improve hair health. It identifies consumers' most relevant haircare concerns in collaboration with the community of professional hairstylists and consumers and strives to address them through its proprietary technology and innovation capabilities. It offers products through a global omnichannel platform serving the professional, specialty retail, and DTC channels. The company derives its revenue through the sale of its specialty hair care products.

Copyright © 2024 AllPennyStocks.com. All rights reserved. Republication or redistribution of AllPennyStocks.com's content is expressly prohibited without the prior written consent of AllPennyStocks.com. AllPennyStocks.com shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.