Honest (HNST) Stock Forecast & Price Target

$3.88

-0.15 (-3.72%)

(As of 07/26/2024 ET)

Honest - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy
Based on 5 Analyst Ratings

Based on 5 Wall Street analysts who have issued ratings for Honest in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 5 analysts, 2 have given a hold rating, and 3 have given a buy rating for HNST.

Consensus Price Target

$4.55
17.27% Upside

High Forecast	$6.00
Average Forecast	$4.55
Low Forecast	$3.00

According to the 5 analysts' twelve-month price targets for Honest, the average price target is $4.55. The highest price target for HNST is $6.00, while the lowest price target for HNST is $3.00. The average price target represents a forecasted upside of 17.27% from the current price of $3.88.

Type	Current Forecast 7/27/23 to 7/26/24	1 Month Ago 6/27/23 to 6/26/24	3 Months Ago 4/28/23 to 4/27/24	1 Year Ago 7/27/22 to 7/27/23
Consensus Rating	Moderate Buy	Moderate Buy	Hold	Hold
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	3 Buy rating(s)	3 Buy rating(s)	2 Buy rating(s)	1 Buy rating(s)
Hold	2 Hold rating(s)	2 Hold rating(s)	3 Hold rating(s)	2 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$4.55	$4.55	$4.55	$3.19
Forecasted Upside	17.27% Upside	44.44% Upside	33.51% Upside	21.53% Upside

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HNST Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

HNST Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Honest Stock vs. The Competition

Type	Honest	Consumer Discretionary Companies	S&P 500
Consensus Rating Score	2.60	2.55	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	17.27% Upside	121.58% Upside	9.49% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
6/25/2024	Loop Capital 2 of 5 stars	L. Champine Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Buy	$3.00 ➝ $3.00	+20.00%
5/9/2024	Telsey Advisory Group 2 of 5 stars		Reiterated Rating	Market Perform ➝ Market Perform	$4.00 ➝ $4.00	+35.59%
4/4/2024	Lake Street Capital 3 of 5 stars		Initiated Coverage	Buy	$6.00	+59.15%
3/7/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$1.85 ➝ $4.00	+8.40%
2/6/2024	Alliance Global Partners Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$5.75	+102.46%
10/13/2022	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight	$6.00 ➝ $5.00	+48.37%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 09:49 PM ET.

HNST Forecast - Frequently Asked Questions

What is Honest's forecast for 2024?: According to the research reports of 5 Wall Street equities research analysts, the average twelve-month stock price forecast for Honest is $4.55, with a high forecast of $6.00 and a low forecast of $3.00.
Should I buy or sell Honest stock right now?: 5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Honest in the last year. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" HNST shares.
Does Honest's stock price have much upside?: According to analysts, Honest's stock has a predicted upside of 44.44% based on their 12-month stock forecasts.
Has Honest been upgraded by Wall Street analysts recently?: Over the previous 90 days, Honest's stock had 1 upgrade by analysts.
What analysts cover Honest?: Honest has been rated by research analysts at Loop Capital, and Telsey Advisory Group in the past 90 days.
Do Wall Street analysts like Honest more than its competitors?: Analysts like Honest more than other "consumer discretionary" companies. The consensus rating score for Honest is 2.60 while the average consensus rating score for "consumer discretionary" companies is 2.55. Learn more on how HNST compares to other companies.