Canaccord Genuity Maintains Buy Rating on Interparfums (IPAR) Stock

Interparfums, Inc. (NASDAQ:IPAR) is one of the Best Mid Cap FMCG Stocks to Buy Now. Analyst Susan Anderson from Canaccord Genuity maintained a “Buy” rating on the company’s stock, while keeping the price objective of $168.00. The analyst’s rating is backed by several compelling factors demonstrating Interparfums, Inc. (NASDAQ:IPAR)’s growth and strategic positioning. Its management remains optimistic regarding the short-term and long-term prospects, as the company continues to execute effective brand-building strategies.

Additionally, Interparfums, Inc. (NASDAQ:IPAR)’s asset-light licensing model enables it for operational flexibility and agility, which remains important in the broader fast-growing fragrance market. The emphasis on prestige fragrances and partnerships with brands possessing strong growth potential further strengthens the position. Considering that the fragrance category continues to experience strong growth, mainly in critical markets such as the US and Asia, Interparfums, Inc. (NASDAQ:IPAR) remains well-placed to benefit from such favorable market dynamics.

Interparfums, Inc. (NASDAQ:IPAR) has reaffirmed its 2025 guidance of net sales of $1.51 billion and earnings per diluted share of $5.35, reflecting 4% growth for both metrics.

Interparfums, Inc. (NASDAQ:IPAR) is a leading player in the broader FMCG space since it produces and distributes branded fragrances and personal care products which are frequently purchased, non-durable as well as available via global retail channels.

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Disclosure: None. This article is originally published at Insider Monkey.