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Tag: Analysts

Bed Bath & Beyond turnaround under way, but analysts say outside forces are also giving the company a boost

Tonya Garcia

Bed Bath & Beyond Inc. is reaping the rewards of an ongoing turnaround, but analysts say the company is also getting a boost from a coronavirus-impacted environment that has been favorable to the home space.

Bed Bath & Beyond (BBBY) shares are soaring after second-quarter earnings beat expectations, with the company reporting the first same-store sales increase since 2016 (link). Shares were up nearly 9% in Friday trading, and have rallied more than 40% for the week.

Many research groups have raised their price target on Bed Bath & Beyond shares.

But UBS says the results need to be put in the context of a strong home furnishings category.

“It’s clear to us that the rising tide is lifting all boats,” analysts led by Michael Lasser wrote. “However, Bed Bath & Beyond also executed more effectively to take advantage of this tailwind.”

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Buy Zillow Stock, Analysts Say, Because the Home-Flipping Market Might Be Undervalued

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Jefferies analyst Brent Thill advised investors to be “opportunistic on a pullback in the shares” of Zillow.


Chris Goodney/Bloomberg


Zillow

shares hit a record high Thursday morning as a trio of analysts lifted their price targets for the online real-estate firm, amid a booming housing market in many parts of the country. In particular, they are bullish on the company’s increasing focus on buying, repairing and reselling houses—the so-called iBuyer market.

That market has attracted new attention after Zillow rival Opendoor announced plans to go public via a reverse merger into a SPAC, or special purpose acquisition company. The terms of the deal have spurred analysts and investors to reassess their views on Zillow’s growing role in that market—and they see an expanding business that might be undervalued.

Truist analyst Naved Khan repeated his Buy rating on Zillow shares (ticker: Z), upping his price target on the stock

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