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What's Going On With Bed Bath & Beyond Stock Today

Published 22/06/2022, 14:59
Updated 22/06/2022, 15:44
© Reuters.  What's Going On With Bed Bath & Beyond Stock Today

Bed Bath & Beyond Inc (NASDAQ: BBBY) shares were initially trading lower Wednesday after several analysts cut price targets on the stock, but have since reversed.

UBS analyst Michael Lasser maintained Bed Bath & Beyond with a Sell rating and lowered the price target from $12 to $5.

Wedbush analyst Seth Basham maintained Bed Bath & Beyond with a Neutral rating and lowered the price target from $14 to $7.

Telsey Advisory Group analyst Joseph Feldman maintained Bed Bath & Beyond with an Underperform rating and lowered the price target from $15 to $6, citing consumer spending concerns following negative commentary from some large retailers.

Related Link: Read Why This Analyst Cut Bed Bath And Beyond's Price Target (NYSE:TGT) By 60%

Bed Bath & Beyond is set to announce is fiscal first-quarter financial results before the market opens on June 29, according to data from Benzinga Pro.

BBBY Price Action: Bed Bath & Beyond has a 52-week high of $39.30 and a 52-week low of $5.94.

The stock was up 2.16% at $6.85 at time of publication.

Photo: ajay_suresh from Flickr.

Latest Ratings for BBBY

DateFirmActionFromTo
Mar 2022Telsey Advisory GroupMaintainsMarket Perform
Jan 2022Goldman Sachs (NYSE:GS)MaintainsSell
Jan 2022Telsey Advisory GroupMaintainsMarket Perform
View More Analyst Ratings for BBBY

View the Latest Analyst Ratings

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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