BARK shares are trading lower after the company reported worse-than-expected Q2 revenue results and issued Q3 revenue guidance below estimates. Also, Canaccord Genuity downgraded the stock from Buy to Hold and lowered its price target from $3.5 to $1.5.
Portfolio Pulse from Benzinga Newsdesk
BARK's shares are trading lower following disappointing Q2 revenue results and Q3 revenue guidance below estimates. Canaccord Genuity has downgraded the stock from Buy to Hold and reduced its price target from $3.5 to $1.5.
November 09, 2023 | 7:01 pm
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BARK's stock is trading lower due to poor Q2 revenue and lower than expected Q3 guidance. The stock has also been downgraded by Canaccord Genuity with a reduced price target.
BARK's stock is trading lower due to worse-than-expected Q2 revenue results and Q3 revenue guidance below estimates. This negative financial performance is likely to impact investor confidence and drive the stock price down. Additionally, Canaccord Genuity's downgrade from Buy to Hold and reduction in price target from $3.5 to $1.5 further indicates a bearish outlook for the stock.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100