Piper Sandler analyst Edwa Yruma lowered the firm’s price target on Allbirds to $3 from $4 and keeps a Neutral rating on the shares post the Q4 results. The analyst says the company continues to struggle with a highly competitive performance market and some degree of product fatigue.
Protect Your Portfolio Against Market Uncertainty
- Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
- Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on BIRD: