Peeling Back The Layers: Exploring Allbirds Through Analyst Insights
Portfolio Pulse from Benzinga Insights
Allbirds (NASDAQ:BIRD) has been analyzed by 5 analysts in the last three months, showing a unanimous indifferent stance with 5 neutral ratings. The 12-month price target averages at $0.92, a decline from the previous $1.17, indicating a bearish outlook. Analysts from Wedbush and Piper Sandler have lowered their price targets, while Telsey Advisory Group maintains a market perform rating. Allbirds faces financial challenges with a -14.48% revenue decline, a net margin of -78.87%, and below-average ROE and ROA, suggesting potential difficulties in profitability and asset utilization.
May 09, 2024 | 3:01 pm
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NEGATIVE IMPACT
Allbirds has received neutral ratings from analysts, with a lowered average price target of $0.92, reflecting a bearish sentiment. The company's financials show significant challenges, including a revenue decline and poor profitability indicators.
The unanimous neutral stance by analysts, combined with lowered price targets, suggests a lack of confidence in Allbirds' short-term growth prospects. The significant revenue decline and poor profitability metrics further underscore the company's financial difficulties, likely influencing a negative short-term impact on the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100