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Up 101% in a Month, Bed Bath & Beyond Could Double Again, Analyst Says

Rich Duprey, The Motley Fool
·2 min read
Up 101% in a Month, Bed Bath & Beyond Could Double Again, Analyst Says

The market response to Bed Bath & Beyond (NASDAQ: BBBY) fundamentally restructuring itself by shedding noncore assets and focusing on its digital future has caused its stock price to double. Shares in the home goods retailer over the last 30 days have risen from about $12 to over $24, and now an analyst thinks they can double again. Baird analyst Peter Benedict told investors in a research note that despite Bed Bath & Beyond's meteoric rise, the bullish case remains weighed down by doubt.

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