Domo signs strategic collaboration agreement with AWS for AI solutions
BARK, Inc. (BARK) was raised to Buy from Hold at Jefferies on Tuesday, with analysts at the firm also lifting the price target for the stock to $1.90 from $1.54 per share.
Analysts upgraded the stock as the company gears up for F25, and given that the outlook has now changed.
"Bark boasts a favorable set-up going into F25, providing better top-line, profit, and margin visibility," wrote Jefferies.
"We view F25 as an inflection point for Bark's growth," analysts added. "Bark's expansion into treats (reaching +2,400 doors in spring '24 with scope for more), additional marketing reinvestments, and improved customer acquisition capabilities should enable growth (+4-5%) in F25."
Furthermore, Jefferies sees the company's improved top-line and cost visibility paving the way for a clearer road to profitability. "We see Bark reaching full-year Adj. EBITDA and EPS profitability by F25 and F26," noted the firm, highlighting BARK's favorable risk-reward.