Coty Inc. (NYSE:COTY) is one of the best penny stocks to buy according to hedge funds. RBC Capital analyst Nik Modi expressed bullish sentiments for Coty Inc. (NYSE:COTY) on October 3, giving the stock a Buy rating.
However, Canaccord Genuity analyst Susan Anderson reiterated a Hold rating on Coty Inc. (NYSE:COTY) on October 1 and set a $4.00 price target.
The same day, Bank of America Securities maintained a Sell rating on the stock with a $3.5 price target. Similarly, Barclays also reiterated a Sell rating on Coty Inc. (NYSE:COTY) on October 1, assigning the stock a price target of $3.5.
Coty, Inc. (NYSE:COTY) is a beauty company that operates a portfolio of brands in color cosmetics, fragrance, and skin and body care. Its Prestige segment operates an array of luxury brands, including Gucci, Marc Jacobs, Miu Miu, Tiffany & Co., Kylie Cosmetics by Kylie Jenner, Hugo Boss, Burberry, Chloe, Calvin Klein, SKKN BY KIM, and more.
Coty, Inc.’s (NYSE:COTY) mass beauty products are primarily sold through supermarkets, hypermarkets, drugstores, department stores, e-commerce retailers, and other channels.
While we acknowledge the potential of COTY as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
