In a report released today, Ryan MacDonald from Needham reiterated a Buy rating on Barnes & Noble Education (BNED – Research Report), with a price target of $4.00. The company’s shares opened today at $2.40.
According to TipRanks, MacDonald is a 5-star analyst with an average return of 10.7% and a 47.03% success rate. MacDonald covers the Technology sector, focusing on stocks such as Zeta Global Holdings Corp, Udemy Inc, and Verint Systems.
Barnes & Noble Education has an analyst consensus of Moderate Buy, with a price target consensus of $4.00.
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The company has a one-year high of $7.74 and a one-year low of $1.90. Currently, Barnes & Noble Education has an average volume of 179.3K.
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Barnes and Noble Education, Inc. engages in the management and operation of bookstore chains in universities. It operates through the following segments: Retail, Wholesale, and Digital Student Solutions (DSS). The Retail segment operates physical and virtual campus bookstores. The Wholesale segment sells hardware and software that provides inventory management and point-of-sale solutions to college bookstores. The DSS segment includes direct-to-student product and service offerings to assist students to study more effectively and improve academic performance. The company was founded by Leonard Riggio in 1965 and is headquartered in Basking Ridge, NJ.
