The Analyst Verdict: Big Lots In The Eyes Of 5 Experts
Portfolio Pulse from Benzinga Insights
Big Lots (NYSE:BIG) has been the subject of diverse analyst opinions ranging from bullish to bearish over the past quarter, with a notable shift towards a bearish outlook in the last 30 days. The average 12-month price target for BIG has been lowered to $4.6 from $6.40, indicating a negative sentiment among analysts. Key financial metrics show Big Lots trailing behind industry peers, with challenges in revenue growth, profitability, and debt management.
February 12, 2024 | 1:01 pm
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NEGATIVE IMPACT
Big Lots has seen a shift towards a bearish outlook from analysts, with a significant reduction in the average 12-month price target and negative assessments of its financial health.
The reduction in the average price target by analysts, coupled with the negative sentiment reflected in the recent ratings, suggests a bearish short-term impact on Big Lots's stock price. The company's financial challenges, including a decline in revenue and issues with debt management, further support a negative outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100