
JOANN (JOAN) Stock Forecast & Price Target
JOANN (JOAN) Analyst Ratings
Bulls say
JOANN is expected to have a slight decrease in sales in 2024, but there are signs of improvement with strong comp trends in core categories and cost initiatives leading to improved profitability and positive FCF. Their 2023 EBITDA guidance remains unchanged despite lower-than-expected sales in the third quarter, which speaks to management's confidence in their strategic initiatives. The $1.00 target price, based on a 10x EV/EBITDA multiple to a projected 2024 EBITDA of $110MM, also suggests potential for growth and value in the long-term.
Bears say
JOANN is facing numerous challenges, including a negative comp trend and declining sales, leading to a decrease in profitability and a high debt to EBITDA ratio. They are implementing cost-cutting measures, but it may not be enough to offset these challenges and return to positive earnings and cash flow. There are also industry risks, such as volatility in commodity costs and consumer spending, that may further impact the company's performance.
This aggregate rating is based on analysts' research of JOANN and is not a guaranteed prediction by Public.com or investment advice.
JOANN (JOAN) Analyst Forecast & Price Prediction
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