Lake Street Capital Markets has slashed its price target for Lifevantage Corporation (NASDAQ:LFVN) to $5.00 from $12.00, while maintaining a Buy rating. This adjustment follows the company’s weaker-than-expected Q2 results and guidance, primarily due to increased competition in the weight loss market from pharmaceutical GLP-1s and an inventory obsolescence charge. Despite these challenges, the firm believes the current valuation reflects the headwinds, with potential upside from the LoveBiome acquisition and new products.
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Lake Street Capital cuts Lifevantage stock price target to $5 on weak results
Lake Street Capital Markets has slashed its price target for Lifevantage Corporation (NASDAQ:LFVN) to $5.00 from $12.00, while maintaining a Buy rating. This adjustment follows the company’s weaker-than-expected Q2 results and guidance, primarily due to increased competition in the weight loss market from pharmaceutical GLP-1s and an inventory obsolescence charge. Despite these challenges, the firm believes the current valuation reflects the headwinds, with potential upside from the LoveBiome acquisition and new products.