Morgan Stanley lowered the firm’s price target on Allbirds (BIRD) to $5 from $6 and keeps an Equal Weight rating on the shares. While management “has clearly made impressive progress on its strategic transformation plan,” fundamentals remain highly challenged, the analyst tells investors following a “beat across-the-board” in Q1. Reiterated fiscal year guidance still assumes substantial second half improvement, which the firm call “potentially optimistic” given macro and tariff uncertainty as well as unproven new product success.
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Read More on BIRD:
- Allbirds: Balancing Optimism and Challenges Amid Strategic Transformation
- Allbirds: Strategic Restructuring and Market Positioning Drive Buy Rating
- Allbirds, Inc. Earnings Call Highlights Growth Amid Challenges
- Allbirds Reports Q1 2025 Financial Results
- Allbirds Director Neil Blumenthal to Step Down
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