Allbirds (BIRD) Stock: $30 Price Target From Guggenheim

By Amit Chowdhry ● Nov 30, 2021
  • The shares of Allbirds Inc (NASDAQ: BIRD) have received a $30 price target from Guggenheim. These are the details.

The shares of Allbirds Inc (NASDAQ: BIRD) have received a $30 price target from Guggenheim. And Guggenheim analyst Robert Drbul initiated coverage of Allbirds with a “Buy” rating.

Drbul noted that Allbirds has developed a highly differentiated, comfortable, and competitive footwear and apparel product offering using naturally derived materials and it is poised to grow revenues by 25% to 30% over the next 3-5 years.

And Drbul foresees continued market share gains for sustainable fashion as well as gains from overall footwear and apparel while viewing Allbirds as being in a very strong position to lead the way in that context, stating that he believes revenues should approach $750 million in 2025.

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