- Small Cap Consumer Research LLC analyst Eric M. Beder reiterated a Buy rating with the price target of $33.00 on Build-A-Bear Workshop Inc (NYSE:BBW).
- The analyst thinks the company’s prospects are driven by a continued focus on events for children by their parents, a material ramp-up in inventory, and the return of normalcy in Europe.
- Beder sees no near-term slowdowns and describes BBW business as recession-resistant.
- Also, shifting the stores to more tourist-driven locations and away from lower-performing malls is expected to offer an upside.
- The analyst thinks the company has much potential to capitalize on the streaming ecosystem.
- Price Action: BBW shares are trading lower by 5.66% at $15.09 on the last check Wednesday.
Midjourney Hires Apple Vision Pro Engineer To Lead Its Hardware Ambitions
AI startup Midjourney has scooped up Apple Vision Pro's former hardware engineer manager, Ahmad Abbas, to lead its hardware efforts.
