Beyond (NYSE:BYON – Get Free Report) had its price target cut by investment analysts at Barclays from $30.00 to $22.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s price objective would suggest a potential upside of 26.00% from the company’s current price.
Other analysts have also issued reports about the stock. Wedbush reduced their price objective on shares of Beyond from $43.00 to $37.00 and set an “outperform” rating for the company in a research note on Wednesday. Piper Sandler dropped their price target on shares of Beyond from $26.00 to $17.00 and set a “neutral” rating on the stock in a report on Wednesday. Maxim Group dropped their price target on shares of Beyond from $50.00 to $36.00 and set a “buy” rating on the stock in a report on Wednesday. Compass Point started coverage on shares of Beyond in a report on Thursday, February 1st. They set a “buy” rating and a $45.00 price target on the stock. Finally, Needham & Company LLC downgraded shares of Beyond from a “buy” rating to a “hold” rating in a report on Wednesday. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.83.
Check Out Our Latest Report on BYON
Beyond Price Performance
Beyond (NYSE:BYON – Get Free Report) last issued its quarterly earnings results on Monday, May 6th. The company reported ($1.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.92) by ($0.30). The business had revenue of $382.28 million during the quarter, compared to the consensus estimate of $389.36 million. Beyond had a negative return on equity of 16.92% and a negative net margin of 19.72%. The firm’s revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.10) earnings per share. On average, equities analysts anticipate that Beyond will post -1.85 EPS for the current 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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