HIMS Stock Snaps 2-Day Climb: Analyst Says Record Subscriber Growth ‘Not Enough’ To Offset Margin Slide
Morningstar’s $23 fair value implies a 25% downside, with a ‘Very High Uncertainty’ rating. Hims added a record 307,000 subscribers, but Morningstar said growth was “not enough” to overlook margin declines. Q2 revenue rose 38% to $753 million, while adjusted EBITDA fell 27% to $60.3 million. International revenue surged over 17x, though Morningstar said the … Read more