Build-A-Bear price target raised to $60 from $55 at Northland

Northland raised the firm’s price target on Build-A-Bear (BBW) to $60 from $55 and keeps an Outperform rating on the shares after the company reported “a solid set of Q1 results,” driven by strength across all key retail metrics. The firm is “mostly maintaining” growth expectations for the rest of FY25, but lowering profitability estimates to better account for tariff impacts, adding that it likes the company’s efforts to diversify sourcing, the Mini Beans opportunity, and share repurchases.