Bark price target lowered to $3 from $4 at Jefferies

Jefferies lowered the firm’s price target on Bark (BARK) to $3 from $4 and keeps a Buy rating on the shares. The company reported a “mixed” earnings print as tariffs and consumer macro headwinds were offset by strong cost savings, the analyst tells investors in a research note. The firm says that while Bark’s portfolio is unlikely to grow in fiscal 2026, a strategic shift to non-discretionary categories and cost savings initiatives set it up to perform in the long-term.