Summary:
- Allbirds (BIRD, Financial) exceeded first-quarter GAAP EPS expectations, despite revenue challenges.
- The company is transitioning to a distributor model and closing some stores to achieve 2025 revenue targets.
- Analysts suggest significant potential upside, with price targets indicating a potential 84.84% increase.
Strong First-Quarter Performance Amid Revenue Decline
Allbirds Inc (BIRD) has surprised the market by outperforming first-quarter expectations, posting a GAAP EPS of -$2.73 on revenue of $32.1 million. This comes despite an 18.3% decline in revenue compared to the previous year. The company's strategic shift towards a distributor model and planned store closures aim to achieve an ambitious net revenue target of $175 to $195 million by 2025.
Analyst Price Targets and Recommendations
Analysts have provided a mixed outlook for Allbirds, with the average one-year price target set at $10.00. This target varies, with the highest estimate at $14.00 and the lowest at $6.00, suggesting an exciting potential upside of 84.84% from the current trading price of $5.41. For more detailed projections, visit the Allbirds Inc (BIRD, Financial) Forecast page.
Brokerage Recommendations Remain Neutral
The consensus from five brokerage firms places Allbirds Inc (BIRD, Financial) at an average recommendation of 2.8, which is considered a "Hold." This rating reflects hesitant yet watchful optimism from analysts, with the scale ranging from 1 (Strong Buy) to 5 (Sell).
Evaluating Fair Value with GuruFocus Metrics
According to GuruFocus estimates, the GF Value for Allbirds Inc is projected to be $14.14 within the next year. This projection indicates a potential upside of 161.37% from the current price of $5.41. The GF Value is determined by analyzing historical trading multiples, past growth, and future business performance estimates. For a deeper dive into the data, visit the Allbirds Inc (BIRD, Financial) Summary page.
