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Guggenheim Starts Allbirds Inc (BIRD) at Buy

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Allbirds (BIRD) Stock Up as Street Starts New Coverage With Mostly Bullish Ratings

November 29, 2021 9:23 AM EST

At least 12 Street analysts initiated research coverage of Allbirds (NASDAQ: BIRD) with 9 starting at Buy or equivalent and 3 at Neutral.

The eco-friendly company that sells footwear started trading earlier this month in a hugely impressive debut.

Allbirds shares opened at $21.21 on November 21 after selling 20.2 million shares a day earlier at $15.00 apiece. The company previously marketed shares at $12.00 to $14.00.

Shares closed at $28.64 on the first day to mark a 90% surge compared to the IPO price. Allbirds... More