Maxim Group analyst Tom Forte has reiterated their bullish stance on BYON stock, giving a Buy rating on July 22.
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Tom Forte’s rating is based on several positive developments for Beyond Inc. The company recently reported better-than-expected results for the second quarter of 2025, with net revenue and adjusted EBITDA surpassing forecasts. This marks a significant improvement in revenue, EBITDA, and free cash flow, with the latter turning positive for the first time since early 2023. Despite the challenging macroeconomic environment in the housing market, Beyond Inc. has shown progress in stabilizing its core e-commerce business and enhancing profitability.
Moreover, the company’s efforts to leverage its blockchain portfolio, particularly through its tZERO holding, are seen as a potential driver for shareholder value. With a solid cash position and no immediate need for additional capital, Beyond Inc. is well-positioned to pursue its growth plans. Forte has raised the target price for the stock, reflecting confidence in the company’s strategic direction and operational improvements, which justifies the Buy rating.
Forte covers the Consumer Cyclical sector, focusing on stocks such as Beyond Inc, Jakks Pacific, and Allbirds. According to TipRanks, Forte has an average return of 7.6% and a 45.17% success rate on recommended stocks.
In another report released on July 22, Wedbush also maintained a Buy rating on the stock with a $13.00 price target.