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Beyond Inc BYON

Consumer Cyclical

Beyond, Inc. is an e-commerce company. The Company owns Overstock, Bed Bath & Beyond, Baby & Beyond, Zulily, and other related brands and associated intellectual property. Its suite of online shopping brands feature various products. Bed Bath & Beyond is an online furniture and home furnishings retailer in the United States and Canada. Its e-commerce Website sells a range of home products, including furniture, bedding and bath, patio and outdoor, area rugs, tabletop and cookware, decor, storage and organization, small appliances, home improvement, and more. It offers additional products or services, including Business Advertising Opportunities, Marketplace Services, International Sales Support, and Supplier Oasis Integration. Its Supplier Oasis platform is a singular integration point that enables its partners to manage their products, inventory, and sales channels. It also facilitates international sales for customers outside the United States through third-party logistics providers.

NYSE:BYON - Post by User

Beyond Inc > Piper Sandler calls the stock undervalued...

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Comment by EnriqueLeonon Aug 17, 2020 10:32am

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Post# 31417371

RE:Piper Sandler calls the stock undervalued...

Your link is wrong, here's the correct link followed by the article:

https://seekingalpha.com/news/3606233-overstock-com-soars-after-piper-sandler-calls-out-seismic-forces

Overstock.com soars after Piper Sandler calls out seismic forces

Aug. 17, 2020 9:36 AM ET |About: Overstock.com, Inc. (OSTK)|By: Clark Schultz, SA News Editor

There is a new leg to the rally for Overstock.com (NASDAQ:OSTK) after Piper Sandler calls the stock undervalued despite the massive +480% YTD runup.

"There are seismic forces at work that have dramatically improved the sales and profitability outlook for OSTK well into the future," writes Piper analyst Peter Keith.

Keith points to the surge in home furnishing sales during the pandemic and expects a favorable backdrop for OSTK for another five years.

Piper starts off coverage with an Overweight rating and the price target of $140 reps upside potential of almost 40%. Shares of OSTK are up 11.40% in early trading to trade over $100 again.