Wall Street Analysts Believe Beyond (BYON) Could Rally 57.32%: Here's is How to Trade

Group 1 - Beyond (BYON) shares have increased by 18.9% over the past four weeks, closing at $8.95, with a mean price target of $14.08 indicating a potential upside of 57.3% [1] - The average price targets range from a low of $5.00 to a high of $36.00, with a standard deviation of $11.06, suggesting variability in analyst estimates [2] - Analysts have shown a strong agreement in revising earnings estimates higher, which correlates with potential stock price increases [4][11] Group 2 - The Zacks Consensus Estimate for BYON's current year earnings has risen by 17.5% over the past month, with two estimates increasing and no negative revisions [12] - BYON holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates [13] - While the consensus price target may not be a reliable indicator of the extent of potential gains, it does provide a directional guide for price movement [14]