Needham analyst Bernie McTernan has maintained their neutral stance on BYON stock, giving a Hold rating today.
Bernie McTernan has given his Hold rating due to a combination of factors impacting Beyond Inc’s financial outlook. The company’s recent quarterly results showed a revenue decline that was significantly below expectations, which has led to a reassessment of future revenue projections. This shortfall in revenue has extended the timeline for the company to achieve profitability, pushing it from 2027 to 2028.
While management anticipates that the first quarter will represent the lowest point in revenue, the reduced starting point has necessitated a downward revision of revenue estimates for 2025 and 2026. The anticipated gradual improvement in contribution margin, coupled with less leverage on fixed costs, suggests a slower path to financial recovery. These factors collectively contribute to a cautious outlook, justifying the Hold rating for Beyond Inc’s stock.
According to TipRanks, McTernan is a 3-star analyst with an average return of 1.5% and a 45.91% success rate. McTernan covers the Consumer Cyclical sector, focusing on stocks such as DraftKings, Beyond Inc, and thredUP.
In another report released today, Jefferies also maintained a Hold rating on the stock with a $5.00 price target.