MYT Netherlands (NYSE:MYTE) shares rose more than 5% intra-day today after TD Cowen analysts upgraded the stock from Hold to Buy, raising the price target to $14.00 from $13.00. The decision follows a meeting with Mytheresa’s CEO and CFO, reinforcing confidence in the company’s sales trajectory and margin expansion.
The luxury fashion platform is set for a promising second half, with expectations of improving gross margins and sustained revenue growth. A key catalyst for the upgrade is the anticipated closure of the YNAP acquisition by June, a move that could significantly enhance Mytheresa’s market positioning and operational scale.
Looking ahead, Mytheresa has the potential to surpass €300 million in EBITDA, assuming it reaches €4 billion in sales with an 8% margin. With clear visibility into long-term growth drivers, the company is well-positioned for continued financial and strategic success.