Peeling Back The Layers: Exploring Allbirds Through Analyst Insights
Allbirds (NASDAQ:BIRD) has been analyzed by 5 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 0 | 0 | 5 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 0 | 0 | 3 | 0 | 0 |
| 3M Ago | 0 | 0 | 1 | 0 | 0 |
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $0.92, along with a high estimate of $1.00 and a low estimate of $0.70. Experiencing a 21.37% decline, the current average is now lower than the previous average price target of $1.17.
Analyzing Analyst Ratings: A Detailed Breakdown
The analysis of recent analyst actions sheds light on the perception of Allbirds by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Tom Nikic | Wedbush | Lowers | Neutral | $0.70 | $0.90 |
| Tom Nikic | Wedbush | Lowers | Neutral | $0.90 | $1.00 |
| Abbie Zvejnieks | Piper Sandler | Lowers | Neutral | $1.00 | $1.60 |
| Dana Telsey | Telsey Advisory Group | Maintains | Market Perform | $1.00 | - |
| Dana Telsey | Telsey Advisory Group | Maintains | Market Perform | $1.00 | - |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Allbirds. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Allbirds compared to the broader market.
- Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Allbirds's stock. This comparison reveals trends in analysts' expectations over time.
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Allbirds's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
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Discovering Allbirds: A Closer Look
Allbirds Inc is a lifestyle brand that innovates with naturally derived materials to make footwear and apparel products in a better way, while treading lighter on the planet. Its primary source of revenue is from sales of shoes and apparel products. The majority of the revenue is derived from United States.
A Deep Dive into Allbirds's Financials
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
Decline in Revenue: Over the 3 months period, Allbirds faced challenges, resulting in a decline of approximately -14.48% in revenue growth as of 31 December, 2023. This signifies a reduction in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Consumer Discretionary sector.
Net Margin: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of -78.87%, the company may need to address challenges in effective cost control.
Return on Equity (ROE): Allbirds's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of -26.93%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): Allbirds's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of -16.39%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: With a below-average debt-to-equity ratio of 0.51, Allbirds adopts a prudent financial strategy, indicating a balanced approach to debt management.
What Are Analyst Ratings?
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
This article was generated by Benzinga's automated content engine and reviewed by an editor.