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
- Beyond, Inc. reports fourth quarter 2023 financial results, sees rapid growth in active customer file, delivering positive sales results since Nov. 1
- Beyond spikes 5% after ‘active cutomers’ returned to YoY growth, revenue view
- Beyond targets $2B in revenue for 2024, consensus $1.6B
- Beyond reports Q4 EPS ($1.22), consensus (73c)
