Analysts Set Beyond, Inc. (NYSE:BYON) Target Price at $35.40

Shares of Beyond, Inc. (NYSE:BYON) have earned an average recommendation of “Moderate Buy” from the six brokerages that are presently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $39.00.

Several equities research analysts have issued reports on BYON shares. Maxim Group started coverage on Beyond in a research note on Wednesday. They set a “buy” rating and a $50.00 price target for the company. Piper Sandler dropped their price target on Beyond from $27.00 to $26.00 and set a “neutral” rating for the company in a research note on Thursday. Wedbush reaffirmed an “outperform” rating and set a $43.00 price target on shares of Beyond in a research note on Friday. Needham & Company LLC reissued a “buy” rating and issued a $40.00 target price on shares of Beyond in a research note on Friday, April 12th. Finally, Barclays boosted their target price on Beyond from $24.00 to $30.00 and gave the company an “equal weight” rating in a research note on Thursday, February 22nd.

Beyond Stock Down 1.0 %

Shares of BYON stock opened at $22.79 on Wednesday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.45 and a current ratio of 1.51. The business’s 50-day moving average price is $30.88. Beyond has a 12-month low of $13.71 and a 12-month high of $39.27. The company has a market capitalization of $1.04 billion, a price-to-earnings ratio of -3.35 and a beta of 3.76.

Beyond (NYSE:BYON) last issued its quarterly earnings results on Tuesday, February 20th. The company reported ($1.22) earnings per share (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 firm had revenue of $384.46 million for the quarter, compared to the consensus estimate of $343.10 million. As a group, research analysts expect 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.