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2021-06-28

Wow, meme stocks to the moon

CFRA upgrades Bed Bath & Beyond to buy, says one-time meme stock can rally nearly 40%

Meme stock enthusiasts have recently rallied around Bed Bath & Beyond, and CFRA Research believes th

CFRA upgrades Bed Bath & Beyond to buy, says one-time meme stock can rally nearly 40%

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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCFRA upgrades Bed Bath & Beyond to buy, says one-time meme stock can rally nearly 40%\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-28 19:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/28/cfra-upgrades-bed-bath-beyond-to-buy-says-one-time-meme-stock-can-rally-nearly-40percent.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Meme stock enthusiasts have recently rallied around Bed Bath & Beyond, and CFRA Research believes the retailer’s turnaround plan makes it a name that even more traditional investors should buy as well...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/28/cfra-upgrades-bed-bath-beyond-to-buy-says-one-time-meme-stock-can-rally-nearly-40percent.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BBBY":"3B家居"},"source_url":"https://www.cnbc.com/2021/06/28/cfra-upgrades-bed-bath-beyond-to-buy-says-one-time-meme-stock-can-rally-nearly-40percent.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1195560202","content_text":"Meme stock enthusiasts have recently rallied around Bed Bath & Beyond, and CFRA Research believes the retailer’s turnaround plan makes it a name that even more traditional investors should buy as well.\n“We are confident the company is on right track with a turnaround plan that should generate higher EBITDA in FY 22,” analyst Kenneth Leon said in a note released Friday evening.\nBed Bath & Beyond shares are up more than 62% in 2021 amid speculative trading by retail investors as the company garnered enthusiasm on Reddit boards similar to moves seen in GameStop and AMC this year. Despite the big year-to-date gains, the retail trading momentum has faded a bit lately with the stock down 35% from its peak June 2 peak.\nHowever, CFRA believes the stock has more room to run as the company rolls out new products and improves operations. The company said in June it plans to launch six new brands in the next several months, in time for the company’s busy back-to-school shopping season.\n“What we are seeing is a period of transition where we are exiting older products ... and getting ready to put in those new items,” Bed Bath & Beyond CEO Mark Tritton said June 2 on CNBC’s “Squawk on the Street.”\nCFRA upgraded the stock to a buy rating from hold. The firm maintained its $40 price target on the stock, implying 38.3% upside.\n“We think BBBY can execute major brand introductions that will boost the digital experience, ration stores by closing low demographic locations, remodel most stores, and bring on new stores all in the new store layout with a website that showcases eight recently introduced brand product categories,” Leon said.\nHowever, Leon noted that customers may not accept the company’s new plan, posing a risk to its growth trajectory.\nShares of Bed Bath & Beyond closed 4.4% lower on Friday at $28.93.","news_type":1},"isVote":1,"tweetType":1,"viewCount":453,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":23,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}

CFRA upgrades Bed Bath & Beyond to buy, says one-time meme stock can rally nearly 40%

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