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The Weight Watchers stock diets. Shares of the company, which is now known as WW, dipped 8% Tuesday after two analysts cut their price targets.
Christina Brathwaite of JPMorgan downgraded WW (WTW) to "underperformance" – it's essentially a sale. She cut her price goal from $ 37 to $ 25, which is more than 10% below its current price.
Brathwaite fears that critics for the WW app will only become "more and more negative" and compete with competing weight loss services, Noom and Diet Doctor.
Oppenheimer & # 39; s Brian Nagel lowered his goal Friday to $ 40. It's still 40% above the current level, but it's a drastic reduction compared to its former goal, $ 98 per share.
Nagel conceded that "investors are increasingly afraid of the potential for decreasing growth in the number of subscribers of the company".
WW is now down more than 25% this year and is 70% below its 52-week high. This is bad news for the spokesman Oprah Winfrey. It holds more than 8% of the shares. Its participation now stands at about $ 150 million, up from over $ 400 million a year ago.
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