Allbirds, Inc. (BIRD) Misses Q4 EPS by 15c, Tops on Revenue; Offers Weak FY24 Guidance

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Go back to Allbirds, Inc. (BIRD) Misses Q4 EPS by 15c, Tops on Revenue; Offers Weak FY24 Guidance

Allbirds Inc (BIRD) PT Lowered to $1 at Piper Sandler

March 13, 2024 6:41 AM EDT

Piper Sandler analyst Edward Yruma lowered the price target on Allbirds Inc (NASDAQ: BIRD) to $1.00 (from $1.60) while maintaining a Neutral rating.

The analyst comments "2024 guidance contemplates improving gross margin, yet more expense deleverage and a continuation of negative underlying demand for the brand. There... More