Bark price target lowered to $2 from $2.50 at Canaccord

Canaccord analyst Maria Ripps lowered the firm’s price target on Bark (BARK) to $2 from $2.50 and keeps a Hold rating on the shares. The firm said they reported mixed fiscal Q4 results, with revenue coming in below guidance but adj. EBITDA exceeding expectations. The top line underperformance was largely attributable to tariffs, which drove the company to deliberately reduce marketing spend and contributed to retail partners pulling back on inventory orders.