Analyst Tom Forte from Maxim Group reiterated a Buy rating on Bed Bath & Beyond and keeping the price target at $17.00.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Tom Forte has given his Buy rating due to a combination of factors tied to Bed Bath & Beyond’s recent leadership change and long-term strategic plans. He views the appointment of the new CEO, known from “The Profit,” as a positive catalyst that can drive operational improvements, enhance execution, and reinvigorate the brand. In Forte’s assessment, the company’s renewed leadership brings both retail expertise and turnaround experience, which he believes can help unlock value from the existing store base and digital platform.
Tom Forte’s rating is based on his confidence in the company’s articulated roadmap extending through 2026 and beyond, which he believes can support a meaningful recovery in financial performance. He considers the $17 price target achievable if management executes on its vision to stabilize sales, improve margins, and better leverage omnichannel capabilities. The current share price implies a significant discount to his valuation, suggesting attractive upside potential for investors willing to tolerate execution risk. As a result, Forte reiterates a Buy recommendation, reflecting his view that the risk/reward profile is favorable at current levels.
Forte covers the Consumer Cyclical sector, focusing on stocks such as Bed Bath & Beyond, Jakks Pacific, and Interactive Strength Inc. According to TipRanks, Forte has an average return of 6.9% and a 43.93% success rate on recommended stocks.