11 Best Internet Retail Stocks to Buy According to Analysts

2. Beyond, Inc. (NYSE:BYON)

Analyst Upside: 116.80%

Number of Hedge Fund Holders: 19

Beyond, Inc. (NYSE:BYON) is an affinity company focused on e-commerce that owns or holds ownership interests in several retail brands, including Bed Bath & Beyond, Overstock, Zulily, and related brands and websites. In a report released on March 19, Michael Pachter from Wedbush reiterated a Buy rating on Beyond, Inc. (NYSE:BYON) and set a price target of $15.00. CNN reported on March 11 that Maxim Group analyst Tom Forte also maintained their bullish stance on the company, giving it a Buy rating on February 25.

Tom Forte expressed optimism regarding the recent management changes at Beyond, Inc. (NYSE:BYON), opining that they will expedite its growth towards sustainable profitability. He saw the management changes as positive steps towards enhancing the company’s financial metrics, especially adjusted EBITDA and gross margin.

While the analyst acknowledges the external market challenges faced by Beyond, Inc. (NYSE:BYON), especially in the Home category, he is optimistic about its leadership’s ability to navigate these challenges. He set a price target of $16 for the stock, reflecting his confidence in the company’s leadership and its long-term strategy to attain profitability. Beyond, Inc. (NYSE:BYON) ranks second on our list of the best internet retail stocks to invest in according to analysts.