Olaplex Holdings, Inc. (NASDAQ:OLPX) is one of the Best Rising Penny Stocks to Buy Now.
On March 30, Morgan Stanley analyst Dara Mohsenian maintained a Hold rating on Olaplex Holdings, Inc. (NASDAQ:OLPX) and raised the price target from $1.4 to $2. The rating follows the company’s March 26 announcement that Henkel AG & Co. will acquire it for $2.06 per share in cash. This values the company at around $1.4 billion in equity, a hefty 55% premium over OLPX’s closing price on March 25 and 45% above its 30-day average price prior to that date.
Analyst Dara Mohsenian noted that the deal has captured most of the upside from the current share price rather than fundamental improvements. The analyst added that the deal offers a substantial premium over the company’s previous trading levels, board approval and strong backing from majority shareholder Advent International, making closing highly likely. Mohsenian noted that this reduces the chances of there being competitive bids or a significant rerating of the stock beyond the terms.
The transaction is expected to close in the second half of 2026 and is subject to regulatory approvals.
Olaplex Holdings Inc. (NASDAQ:OLPX), through its subsidiaries, develops, manufactures and sells hair care products in the U.S. and internationally.
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