Jefferies lowered the firm’s price target on Beyond (BYON) to $5 from $6.50 and keeps a Hold rating on the shares. The firm believes near-breakeven EBITDA is a possible exit rate for 2025 and views positive annual EBITDA in 2026 as “likely if the near-term macro backdrop and consumer appetite for home furnishings doesn’t significantly deteriorate.” However, it also believes that the stock’s multiple won’t re-rate until quarterly EBITDA inflects, the analyst tells investors in a post-earnings note.
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