Wedbush analyst Michael Pachter maintains $Beyond (BYON.US)$ with a buy rating, and adjusts the target price from $25 to $15.
According to TipRanks data, the analyst has a success rate of 44.8% and a total average return of -4.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Beyond (BYON.US)$'s main analysts recently are as follows:
The intentional measures being taken by Beyond to reduce fixed costs and expand its operations are anticipated to substantially enhance shareholder value in the forthcoming years. Analysts believe that the Executive Chairman's strategic plan is firmly in place to foster profitable revenue growth. Significant strides in revenue and earnings are projected to commence in 2025 as the company advances its close-out business, re-establishes an online presence through its subsidiary, and deepens its penetration into the physical retail space via broader partnerships.
The risk-reward scenario for Beyond is described as 'intriguing with significant upside' based on the potential successful integration of Bed, Bath and Beyond, Overstock, and Zulily. Despite the varying degrees of success experienced by each entity independently, there is a strong emphasis on the combined potential. Acknowledging a comprehensive list of challenges for the management team to address concurrently, which introduces a degree of execution risk, there is an anticipation of gaining deeper insights into the core operations of the three brands during the forthcoming investor event later in the week.
Note:
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