Allbirds (BIRD) Stock: $12 Price Target And Overweight Rating

By Amit Chowdhry ● May 13, 2022
  • The shares of Allbirds Inc (NASDAQ: BIRD) have received a $12 price target from Piper Sandler. These are the details.

The shares of Allbirds Inc (NASDAQ: BIRD) have received a $12 price target from Piper Sandler. And Piper Sandler analyst Erinn Murphy is maintaining an “Overweight” rating on the shares.

Murphy adjusted the rating following the company’s first-quarter results. Allbirds reported a Q1 EPS of ($0.15), which was $0.03 lower than analyst estimates of ($0.12). And the revenue for the quarter was $62.8 million compared to the consensus estimate of $61.97 million.

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