Despite industry data showing Clorox (NYSE: CLX) sales are accelerating both sequentially and year over year, an analyst is maintaining her price target of $268 per share on the household products maker. However, that does suggest 34% upside to where the stock currently trades.
Shares of Clorox are down 16% from the all-time high they hit in August, but they remain 30% above where they started 2020, and rising cases of COVID-19 suggest sales will accelerate further.
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Analyst Sees 34% Upside in Clorox Stock as Sales Growth Accelerates