Stock Price Prediction

MYTE stock recently rose 11.9% to $7.57 following its acquisition of YOOX NET-A-PORTER for €555 million, signaling strong growth potential in the luxury e-commerce sector. The planned rebranding to "LuxExperience" and new ticker "LUXE" could further enhance its market positioning and investor interest. With solid fundamentals and strategic expansion, MYTE appears poised for continued upward momentum.

MYTE stock closed at $8.87 on January 31, 2025, down 4.31% for the day. The bearish view stems from its declining momentum post-acquisition of YOOX NET-A-PORTER, with concerns over integration risks and potential dilution. Additionally, the stock's recent performance suggests weak investor confidence despite the rebranding to "LuxExperience."

The market consensus for MYTE's revenue in the upcoming quarter is projected to be approximately $247.067M EUR.

The market consensus for MYTE's eps in the upcoming quarter is projected to be approximately $0.055 EUR.