Allbirds’ Strategic Restructuring and Growth Potential Justify Buy Rating Despite Revenue Challenges
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Maxim Group analyst Tom Forte has maintained a Buy rating on Allbirds, setting a price target of $14.00. Despite revenue challenges in Q3, Allbirds demonstrated resilience with successful product launches and adjusted EBITDA exceeding expectations. Forte remains optimistic about future revenue trends, citing the company's strategic restructuring and brand potential for sustainable growth. Allbirds' shares are currently trading at a discount compared to peers, reinforcing the Buy rating.
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