Maxim Group analyst Tom Forte maintains $Beyond (BYON.US)$ with a buy rating.
According to TipRanks data, the analyst has a success rate of 51.0% and a total average return of 13.3% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Beyond (BYON.US)$'s main analysts recently are as follows:
The deliberate measures taken by Beyond to reduce fixed costs and expand its business are anticipated to generate substantial value for shareholders in the forthcoming years. It is believed that the Executive Chairman's strategic plan is set to foster profitable revenue growth. Significant enhancements in revenue and earnings are projected starting in 2025, as the company advances its close-out business, revitalizes its online presence, and augments its physical retail reach via extended partnerships.
The risk-reward scenario for Beyond is described as 'intriguing with significant upside' due to the potential success of integrating the operations of Bed, Bath and Beyond, Overstock, and Zulily. Despite acknowledging that the company faces numerous challenges that management must address concurrently, which introduces risk of execution, it is anticipated that more insights regarding the core operations of the three brands will be disclosed at the investor event scheduled for later in the week.
Note:
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