On Oct 25, major Wall Street analysts update their ratings for $Beyond (BYON.US)$, with price targets ranging from $6 to $14.
BofA Securities analyst Curtis Nagle downgrades to a sell rating, and adjusts the target price from $15 to $6.
Barclays analyst Seth Sigman maintains with a hold rating, and maintains the target price at $14.
Needham analyst Bernie McTernan maintains with a buy rating, and adjusts the target price from $13 to $9.
Piper Sandler analyst Peter Keith maintains with a hold rating, and adjusts the target price from $14 to $8.
Furthermore, according to the comprehensive report, the opinions of $Beyond (BYON.US)$'s main analysts recently are as follows:
The strategic measures Beyond is implementing to reduce fixed expenses and expand the business are anticipated to result in substantial value for shareholders in the upcoming years. Analysts believe that the company's leadership has a robust plan for propelling profitable revenue growth. Significant enhancements in revenue and earnings are projected starting in 2025, driven by the expansion of the close-out business, the re-establishment of an online presence by Zulily, and Bed Bath & Beyond's increased physical retail presence through broader partnerships.
The potential risk-reward scenario for Beyond is described as 'intriguing with significant upside' based on the possibility of effectively consolidating the operations of Bed, Bath and Beyond, Overstock, and Zulily. Despite these brands having individual peaks and troughs of success, the combined outcome could be favorable. There is an acknowledgement of the considerable number of tasks management faces, which introduces a degree of execution risk. Additional insights regarding the core operations of the three brands are anticipated at the investor event scheduled for later in the week.
Here are the latest investment ratings and price targets for $Beyond (BYON.US)$ from 4 analysts:
Note:
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