It’s time to take stock of WeWork, according to analysts at BTIG. The company on Thursday began reporting on the workspace real estate company with a buy rating and price target of $7.50. That implies a gain of more than 192% from where the stock is currently trading. WeWork is poised to be a winner in the coming years as companies grapple with uncertainty about remote, hybrid or in-person work, which makes it difficult to establish an estate strategy. long-term corporate assets. Thomas Catherwood wrote in a note. “We expect this demand for flexible solutions to drive the ‘Super Rotation’ of flexible workspace demand in the near and medium term, a trend that will directly benefit the WeWork.” In fact, the more companies push to make long-term decisions, the more WeWork benefits. That could put occupancy above the 83 percent peak hit in Q2 2019. WeWork targets WeWork profits have fallen more than 70 percent since listing in 2021 through a target acquisition company. special purpose, or SPAC. The stock’s decline was partly due to concerns that the company would need to issue equity before it could turn a profit and that it might not be able to refinance its maturing debt. “In contrast, we expect WeWork to post positive adjusted EBITDA in Q123 and a positive Cash Flow from Operating in Q4 of 23,” Catherwood said. all without raising capital – a key point in their bullish stance. Additionally, he expects that improved cash flow will allow WeWork to pay off near-maturity debt and refinance larger debt that matures in mid-2025. He said: “Over time, they I expect WeWork to transition to a more mature balance sheet that can support the future growth of the company’s operating platform. What’s Next There are a number of upcoming catalysts to watch, according to the note, including corporate earnings reports, potential for positive performance indicators in 2023, refinancing or payback. some corporate debt and the introduction of 50,000 new desks in the upcoming quarter. In the company’s growth scenario, WeWork’s brand recognition allows the company to be a key beneficiary of flexible workspace demand, leading to solid growth and profitability domestically and internationally. . On the other hand, WeWork could be hit by a tougher and longer-lasting global economic downturn, which could reduce demand for flexible workspaces. It could also see competitors taking market share, pushing its profit target out. – Michael Bloom of CNBC contributed to this report.