Barclays analyst Seth Sigman raised the firm’s price target on Beyond to $30 from $24 and keeps an Equal Weight rating on the shares. The company laid out ambitious plans to relaunch a better Bed Bath & Beyond, bring Overstock back to its deal-driven roots, and over time expand into other product and services within the very large housing ecosystem, the analyst tells investors in a research note.
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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)
