ODP Corp. Considers Sale Amid Private Equity Interest, Shares Rise 2.1% with Analysts Predicting 68.02% Upside

ODP Corp. (ODP) is considering a sale amid private equity interest, with its share price increasing 2.1%. Analysts' average price target suggests a 68.02% potential upside, while GuruFocus estimates an impressive 180.92% upside based on GF Value. The company is exploring a strategic course for its retail and B2B sectors, which could signal significant shifts in its business operations.

ODP Corp. (ODP), the office supply retailer that owns the Office Depot and OfficeMax brands, has seen its share price rise by 2.1% following a report that the company is exploring a sale. The potential sale has attracted interest from private equity firms, according to a Dealreporter item on Tuesday [1].

The report indicates that ODP, alongside its adviser JPMorgan, is evaluating a sale. The company recently solicited initial offers from potential buyers. Private equity firms are particularly interested in the wholesale side of the business, seeing opportunities for cost-cutting in the retail sector. A potential bidder could decide to keep the retail and B2B businesses intact or may opt to split them.

Analysts' average price target for ODP suggests a 68.02% potential upside, while GuruFocus estimates an impressive 180.92% upside based on GF Value. These figures highlight the market's optimism about the potential outcomes of the sale and strategic shifts within the company.

ODP is set to report its Q2 results next Wednesday, which could provide further insights into the company's financial health and strategic direction. The company's exploration of a sale and the interest from private equity firms signal a significant shift in its business operations, potentially indicating a strategic realignment of its retail and B2B sectors.

References:
[1] https://seekingalpha.com/news/4473745-odp-gains-on-report-its-exploring-a-sale
[2] https://www.linkedin.com/jobs/view/senior-b2b-product-manager-furniture-remote-at-odp-business-solutions-4267666013
[3] https://seekingalpha.com/news/4474423-roku-q2-earnings-ahead-street-sees-upside-potential-from-amazon-partnership-growing-ad-inventory