Piper Sandler analyst Peter J. Keith lowered the firm’s price target on Beyond (BYON) to $5 from $8 and keeps a Neutral rating on the shares. The firm notes the Q1 print was decent, with Q1 adjusted EBITDA and EPS beating consensus expectations. Beyond seems to be on the right track towards achieving a margin structure supportive of break-even EBITDA due to restructuring actions. But demand trends were concerning, and Piper expects remain quite pressured in Q2 despite quarter-over-quarter growth. The firm doubts Beyond can reach profitability in 2025, and 2026 feels questionable as well.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BYON:
- Beyond price target lowered to $5 from $7 at Barclays
- Beyond, Inc. Reports Financial Improvements and Growth Plans
- Beyond, Inc. Earnings Call: Transition and Growth
- Cautious Outlook for Beyond Inc: Hold Rating Amid Revenue Decline and Extended Profitability Timeline
- Beyond price target lowered to $10 from $15 at Wedbush
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue