Maxim lowered the firm’s price target on Beyond (BYON) to $26 from $33 and keeps a Buy rating on the shares. The firm cites the company’s Q3 earnings miss and a weak Q4 outlook, noting however that its adjusted EBITDA was closer to expectations as management intentionally focused on profitability to the detriment of net revenues, the analyst tells investors in a research note.
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Read More on BYON:
- Beyond price target lowered to $15 from $25 at Wedbush
- Beyond downgraded to Underperform at BofA after ‘disappointing’ Q3 results
- Beyond downgraded to Underperform from Neutral at BofA
- Boeing union rejects latest offer, Tesla reports Q3 beat: Morning Buzz
- Beyond falls -28.5%
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