Tue Oct 01 05:16:57 UTC 2024: ## Beachbody Stock Gets “Moderate Buy” Rating, Despite Recent Earnings Miss

**New York, NY – October 1, 2024** – The Beachbody Company, Inc. (NYSE: BODI) has earned a “Moderate Buy” consensus recommendation from six brokerages covering the company, according to Marketbeat Ratings. While two analysts recommend a “Hold,” four analysts have issued “Buy” ratings, with an average 12-month target price of $12.40.

ThinkEquity recently initiated coverage on Beachbody, assigning a “Buy” rating and a $12.00 price target.

Despite a recent earnings miss, analysts remain optimistic about Beachbody’s future. The company reported a loss of $1.59 per share for the quarter ending August 6th, surpassing analyst estimates of a $2.30 loss. Revenue reached $110.18 million, slightly below expectations of $110.70 million.

Beachbody operates a subscription-based health and wellness platform offering fitness, nutrition, and stress-reduction programs globally. They offer both live and on-demand content through their digital platforms, Beachbody on Demand and BODi.

Analysts project a -6.84 EPS for the current year. Investors are encouraged to sign up for MarketBeat’s free daily email newsletter for the latest news and analyst ratings on Beachbody and related companies.

Read More