Piper Sandler raised the firm’s price target on Beyond to $27 from $26 and keeps a Neutral rating on the shares following Q4 results. The firm says it walk away from the Q4 conference call more positive on the long-term opportunity. And it appreciates the aggressive revenue and stock price targets management has put in place for incentive compensation. But Piper is still uncertain on how Beyond can accelerate revenue growth in 2024 while becoming less promotional.
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Read More on BYON:
- BYON Earnings: Beyond Delivers Mixed Q4; Shakes Up C-Suite
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