Beachbody Company’s Strategic Transformation and Positive Financial Outlook: A Buy Rating Affirmed

Analyst Susan Anderson from Canaccord Genuity maintained a Buy rating on Beachbody Company (BODI – Research Report) and keeping the price target at $13.00.

Susan Anderson’s rating is based on Beachbody Company’s recent positive financial performance and strategic changes. The company reported first-quarter results that exceeded expectations, with sales and adjusted EBITDA surpassing both internal and market estimates. This was the first full quarter operating under a new omnichannel model, which replaced the previous multi-level marketing approach, leading to a healthier profit and loss statement.
Additionally, Beachbody has taken steps to de-risk its balance sheet by refinancing its term loan, which has extended the maturity and reduced interest rates. The company is also focusing on profitability and sales stabilization during this transition year. These strategic moves, along with management’s efforts to enhance the affiliate model and expand product offerings, suggest a positive transformation, setting the stage for potential long-term growth. Therefore, Susan Anderson maintains a Buy rating on the stock, anticipating significant upside as sales return to growth.

BODI’s price has also changed moderately for the past six months – from $6.810 to $4.710, which is a -30.84% drop .