From Financial Modeling Prep: 2025-03-03 12:19:00

MYT Netherlands (NYSE:MYTE) saw a 5% increase in shares after TD Cowen upgraded the stock to Buy with a new price target of $14.00. Confidence in Mytheresa’s sales trajectory and margin expansion drove the decision following a meeting with the CEO and CFO.

The luxury fashion platform is expected to see improved gross margins and sustained revenue growth in the second half. The upcoming closure of the YNAP acquisition by June could significantly boost Mytheresa’s market positioning and operational scale, serving as a key catalyst for the upgrade.

Mytheresa has the potential to exceed €300 million in EBITDA by reaching €4 billion in sales with an 8% margin. With a clear view of long-term growth drivers, the company is well-prepared for continued financial and strategic success.



Read more at Financial Modeling Prep:: TD Cowen Upgrades Mytheresa to Buy, Shares Up 5%