Baird Lifts PT on RideNow Group (RDNW), Cites Robust Same Store Sales The news that Baird has lifted its price target on RideNow Group, citing robust same store sales, is a reminder that Wall Street's ability to spin wheels can sometimes distract from the underlying issues facing companies.
On the surface, the 6. 4% increase in Powersports revenue and 13. 1% rise in same store sales in Q1 2026 seem like positive developments.
However, scratch beneath the surface, and it becomes clear that RideNow Group's business model is struggling to justify its own existence.