Bob’s Discount Furniture price target lowered to $26 from $29 at JPMorgan

JPMorgan analyst Christopher Horvers lowered the firm’s price target on Bob’s Discount Furniture (BOBS) to $26 from $29 and keeps an Overweight rating on the shares. The company’s first quarter as a public company was in-line but its 2026 EBITDA guide of $255-265MM put the Street at the high end and the implied earnings midpoint 6% below, the analyst tells investors in a research note. The firm sees reasons to buy the post-earnings selloff. JPMorgan says Bob’s 2.0% baseline comp continues to look “modestly beatable.”