Olaplex Holdings, Inc. (NASDAQ:OLPX) is one of the Best Rising Penny Stocks to Buy Now.
On March 30, Analyst Dara Mohsenian of Morgan Stanley 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 it is being acquired by Henkel AG & Co. for $2.06 per share in cash. This values the company at about $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 leading up to that date.
Analyst Dara Mohsenian noted that the deal has captured most upside in the current stock price rather than fundamental improvements. The analyst added that the deal offers a substantial premium over the company’s prior trading levels, board approval, and strong backing from majority stakeholder Advent International, making closure highly likely. Mohsenian noted that this reduces chances for competing bids or significant share re-rating beyond the terms.
The transaction is expected to be closed in the second half of 2026 and is subject to regulatory approvals.
Olaplex Holdings Inc. (NASDAQ:OLPX), through its subsidiaries, develops, manufactures, and sells haircare products in the US and internationally.
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