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Investing.com - DA Davidson raised its price target on Build-A-Bear Workshop (NYSE:BBW) to $64.00 from $60.00 on Monday, while maintaining a Buy rating on the stock. The company’s stock has already delivered impressive returns, surging 98% over the past year and 30% in the last six months. According to InvestingPro data, analyst targets now range between $60-$65.
The firm’s analysis focused on BBW’s international store growth potential, citing recent success and continued expansion of the company’s partner-operated store models, particularly in Italy.
DA Davidson conducted research on specialty toy retailers across Europe’s five largest economies, identifying approximately 1,600 toy stores that could potentially partner with Build-A-Bear Workshop.
The research firm estimates that when extrapolated to all of Europe, there may be around 3,000 toy stores, suggesting Build-A-Bear Workshop could quadruple its number of international partner-operated locations.
DA Davidson’s new $64 price target is based on 14 times the firm’s increased 2026 EPS forecast, with analysts describing Build-A-Bear Workshop as "an open-ended growth story globally."
In other recent news, Build-A-Bear Workshop reported first-quarter 2025 results that exceeded expectations, with earnings per share reaching $1.17 compared to the forecasted $0.87. The company’s total revenue was $128.4 million, surpassing the anticipated $119.05 million. This strong performance was noted across all segments, with an expansion in gross margin due to fewer discounts. Analyst Michael Baker from DA Davidson responded by raising the stock’s price target to $60 from $50, while maintaining a Buy rating. The company has been growing its store count, driven by international partnerships, and its asset-light store model is contributing to profitability. Additionally, the introduction of the Mini Beans product line is expected to diversify offerings beyond the traditional make-your-own stuffed animal products. These developments reflect Build-A-Bear’s strategic efforts to penetrate new commercial markets. The positive financial results and strategic initiatives have reinforced investor confidence in the company.
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