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jpmorgans endorsement reframes hims & hers from a compounded-GLP-1 story into a broader platform play. jPMorgans analyst Cory Carpenter initiated coverage with an Overweight rating and a $35 price target. the central argument is that the Novo Nordisk relationship has been volatile, collapsing in Q2 2025.Novo Nordisk stock is a value trap because of declining volumes, eroding pricing power, or no credible path to reacceleration. the crash in Novo stock was only partly attributed to actual business results. analysts say the crash is likely to be commoditized or leapfrogged by alternative dosing.
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