- Citi analyst Wendy Nicholson upgraded Solo Brands Inc DTC to Buy from Neutral with a price target of $20, up from $17, implying a 24% upside.
- The analyst noted that the stock had pulled back about 30% since reaching its post-IPO high in mid-November.
- While the analyst still has concerns regarding the company's sales and margins that were pulled forward by COVID, its risk-reward profile has "shifted" as valuation became "much less demanding."
- Related Content: Solo Brands Stock Jumps After Raising FY21 Outlook
- Solo Brands is a Direct-To-Consumer (DTC) platform. It operates four premium outdoor lifestyle brands Solo Stove, Oru, ISLE, and Chubbies apparel.
- Price Action: DTC shares are trading higher by 3.94% at $16.36 on the last check Wednesday.
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