Revitalized And Debt-Free Blue Apron: Analyst Forecasts Positive Cash Flow Under New Structure
Portfolio Pulse from Shivani Kumaresan
Benchmark analyst Daniel L. Kurnos reiterated a Buy rating on Blue Apron Holdings Inc (NYSE:APRN) and raised the price target from $5 to $16. The company recently closed the FreshRealm transaction, making it debt-free and potentially moving towards positive cash flow under the new operating structure.
June 12, 2023 | 5:16 pm
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Blue Apron's recent FreshRealm transaction has led to a Buy rating and a raised price target from $5 to $16. The company is now debt-free and could move towards positive cash flow under the new operating structure.
The FreshRealm transaction has made Blue Apron debt-free, which is a significant positive development for the company. This, combined with the potential for positive cash flow under the new operating structure, has led to the Buy rating and raised price target. The analyst also mentioned potential cost savings and revenue opportunities, which could further improve the company's financial position.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100