Needham & Company LLC reissued their buy rating on shares of Beyond (NYSE:BYON – Free Report) in a research report released on Friday morning, Benzinga reports. Needham & Company LLC currently has a $40.00 price objective on the stock.
Other analysts have also recently issued research reports about the stock. Piper Sandler increased their price target on shares of Beyond from $26.00 to $27.00 and gave the company a neutral rating in a research note on Thursday, February 22nd. Wedbush reissued an outperform rating and set a $35.00 target price (up previously from $33.00) on shares of Beyond in a research note on Wednesday, February 21st. Barclays upped their price target on Beyond from $24.00 to $30.00 and gave the company an equal weight rating in a research note on Thursday, February 22nd. Finally, Compass Point began coverage on Beyond in a research report on Thursday, February 1st. They set a buy rating and a $45.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of Moderate Buy and a consensus target price of $35.40.
Get Our Latest Analysis on Beyond
Beyond Trading Down 6.5 %
Beyond (NYSE:BYON – Get Free Report) last posted its quarterly earnings results on Tuesday, February 20th. The company reported ($1.22) EPS for the quarter, missing the consensus estimate of ($0.71) by ($0.51). Beyond had a negative return on equity of 16.92% and a negative net margin of 19.72%. The company had revenue of $384.46 million for the quarter, compared to analysts’ expectations of $343.10 million. On average, sell-side analysts forecast that Beyond will post -1.59 EPS for the current fiscal year.
Beyond Company Profile
Beyond, Inc operates as an online retailer of furniture and home furnishings products in the United States and Canada. The company offers furniture, bedding and bath, patio and outdoor gear, area rugs, tabletop and cookware, décor, storage and organization, small appliances, home improvement, and other products under the Bed Bath & Beyond brand.
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