Bob’s Discount Furniture stock rating reiterated at RBC Capital

RBC Capital has reaffirmed its Outperform rating on Bob’s Discount Furniture (BOBS) stock with a $22.00 price target, indicating a potential 35% upside from the current trading price of $16.28. The firm has maintained its estimates, despite a flat market at the Fall High Point Market, and has factored in higher fuel transportation costs.

RBC Capital projects a 2.0% growth in third-quarter comparable sales and expects six new units, with adjusted EBITDA of $72 million, a 12% year-over-year increase. The analyst's optimism is tempered by inflationary pressures and the fact that 8 analysts have revised their earnings downwards for the upcoming period.

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