MYT Netherlands Parent B.V. (NYSE:MYTE) Receives Consensus Rating of “Buy” from Analysts

MYT Netherlands Parent B.V. (NYSE:MYTE) has earned an average rating of “Buy” from the six ratings firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $37.67.

Several research firms have recently commented on MYTE. Credit Suisse Group began coverage on MYT Netherlands Parent B.V. in a report on Tuesday, February 16th. They set an “outperform” rating and a $39.00 price target on the stock. UBS Group began coverage on MYT Netherlands Parent B.V. in a report on Tuesday, February 16th. They set a “neutral” rating and a $35.00 price target on the stock. JPMorgan Chase & Co. began coverage on MYT Netherlands Parent B.V. in a report on Tuesday, February 16th. They set an “overweight” rating and a $38.00 price target on the stock. Morgan Stanley initiated coverage on MYT Netherlands Parent B.V. in a report on Tuesday, February 16th. They set an “overweight” rating and a $37.00 price target on the stock. Finally, Jefferies Financial Group initiated coverage on MYT Netherlands Parent B.V. in a research report on Tuesday, February 16th. They set a “buy” rating and a $37.00 price objective for the company.

Shares of NYSE MYTE traded down $1.22 during trading on Tuesday, hitting $32.63. 5,346 shares of the company were exchanged, compared to its average volume of 595,868. MYT Netherlands Parent B.V. has a 12-month low of $29.55 and a 12-month high of $36.25.

About MYT Netherlands Parent B.V.

MYT Netherlands Parent B.V. operates as a luxury e-commerce platform for the fashion consumers worldwide. The company sells clothes, bags, shoes, accessories, and fine jewelry through its sites and retail stores. It serves high income luxury consumers. The company was founded in 1987 and is headquartered in Munich, Germany.

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Analyst Recommendations for MYT Netherlands Parent B.V. (NYSE:MYTE)

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