The stock is very bullish but maybe needs a little break to gather up a head of stream to break through very heavy resistance above.
Blowout earnings sent the stock surging today, Amazon got all the plaudits from COTY as its brand grew 40% on their platform.
Analysts will be forced to regrade the stock as it is now well above the average analysts target of $11.48 | Hold
Company profile
Coty, Inc. engages in the manufacture, market, sale, and distribution of branded beauty products. It operates through the following segments: Consumer Beauty, Luxury, and Professional Beauty. The Consumer Beauty segment offers color cosmetics, retail hair coloring and styling products, body care, and mass fragrances. The Luxury segment comprises of prestige fragrances, premium skincare, and premium cosmetics. The Professional Beauty segment consists hair and nail care products for salon professionals. The company was founded by Francois Coty in 1904 and is headquartered in New York, NY.
Blowout earnings sent the stock surging today, Amazon got all the plaudits from COTY as its brand grew 40% on their platform.
Analysts will be forced to regrade the stock as it is now well above the average analysts target of $11.48 | Hold
Company profile
Coty, Inc. engages in the manufacture, market, sale, and distribution of branded beauty products. It operates through the following segments: Consumer Beauty, Luxury, and Professional Beauty. The Consumer Beauty segment offers color cosmetics, retail hair coloring and styling products, body care, and mass fragrances. The Luxury segment comprises of prestige fragrances, premium skincare, and premium cosmetics. The Professional Beauty segment consists hair and nail care products for salon professionals. The company was founded by Francois Coty in 1904 and is headquartered in New York, NY.