Beyond, Inc. (NYSE:BYON) Receives Consensus Rating of 'Hold' from Analysts

Shares of Beyond, Inc. (NYSE:BYON) are currently rated with a consensus of "Hold" by eight research firms that cover the company, according to reports from MarketBeat Ratings. Among these analysts, one has issued a sell recommendation, while three have indicated a hold rating, and four analysts have given buy ratings for the stock.

Current Stock Price: $6.35
Change: -0.06 (-0.94%)
As of 11/1/2024 ET

Analyst Ratings Overview

MarketBeat compiles consensus ratings for stocks based on the most recent evaluations from Wall Street analysts over the past twelve months. Each rating is categorized into a standardized score: 1 for sell, 2 for hold, 3 for buy, and 4 for strong buy. These consensus ratings are derived from the average of normalized ratings. A score from 0 to .5 indicates a strong sell, while scores up to 2.5 suggest a hold. If the score exceeds 2.5, it indicates a potential for moderate buy, while a score above 3.5 points to a strong buy.

Consensus Price Target

The average price target established by the eight analysts covering Beyond is estimated at $16.50. The highest target projected is $45.00, while the lowest sits at $6.00. This average price target suggests a substantial expected growth of 159.84% from the current stock price, which is $6.35.

BYON Analyst Ratings Over Time

Analysts' recommendations for Beyond have fluctuated over time, reflecting changes in market conditions and company performance. The following month-by-month summary illustrates how ratings have evolved. The chart displays sell ratings in red, hold ratings in yellow, buy ratings in green, and strong buy ratings in dark green.

Comparative Analysis

When comparing Beyond with other retail and wholesale companies and the S&P 500, Beyond's consensus rating score stands at 2.38, indicating a hold per analyst evaluation. In comparison, the group average for retail companies is 2.50, categorized as a moderate buy.

Recent Analyst Forecasts

Recent forecasts reveal notable adjustments in analyst ratings for Beyond. For example, Barclays recently lowered its price target from $14.00 to $8.00 while maintaining an "Equal Weight" stance. Similarly, Piper Sandler also adjusted its target downward from $14.00 to $8.00 but retained a "Neutral" rating. On the other hand, Needham & Company reaffirmed a buy rating with a target consistent at $13.00.

For current news and detailed ratings on Beyond and similar stocks, individuals can subscribe to receive updates.

stock, analysts, ratings