Beyond price target lowered to $10 from $15 at Wedbush

Wedbush lowered the firm’s price target on Beyond (BYON) to $10 from $15 and keeps an Outperform rating on the shares following the Q1 report. The firm says the company has essentially completed its efforts to lower fixed costs, improve profitability, and grow its business. This positions Beyond to drive significant shareholder value in the next few years, the analyst tells investors in a research note. However, Wedbush believes it may take longer for the company reach profitability given market headwinds and the impact of tariffs, driving the reduced price target