Bloom Energy Corp Surpasses Analyst Price Target: What’s Next?
Recently, shares of Bloom Energy Corp (Symbol: BE) have exceeded the average 12-month analyst target price of $24.95, trading at $25.00 per share. When a stock meets an analyst’s target, there are typically two reactions: a downgrade on valuation or an upward adjustment of the target price. Analysts may also consider fundamental developments that could drive the stock higher. If positive trends are emerging for the company, it could signal that a target price increase is appropriate.
In total, there are 21 analyst targets included in the Zacks coverage universe that have contributed to the average for Bloom Energy Corp. However, it is crucial to recognize that this figure represents a mathematical average. For instance, while one analyst has a lower target of $12.50, another sees potential for a much higher valuation with a target of $33.00. The standard deviation among these targets is $5.746, indicating a range of expectations among experts.
The rationale behind looking at the average BE price target is to leverage the “wisdom of the crowds” effect. By aggregating insights from multiple analysts, investors can gain a broader perspective rather than relying on a single expert’s opinion. As BE’s shares trade above the average target price of $24.95, investors are encouraged to evaluate the company more closely. They must consider whether this price represents a temporary milestone on the way to even higher valuations or if the stock’s price has reached a level where risk-taking may warrant caution. Below is a breakdown of the current analyst ratings for Bloom Energy Corp:
| Recent BE Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Month Ago | 3 Month Ago |
| Strong buy ratings: | 8 | 8 | 8 | 8 |
| Buy ratings: | 3 | 3 | 3 | 4 |
| Hold ratings: | 11 | 11 | 11 | 11 |
| Sell ratings: | 1 | 1 | 1 | 1 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 2.2 | 2.2 | 2.2 | 2.19 |
The average rating shown in the table ranges from 1 to 5, where 1 indicates a Strong Buy and 5 indicates a Strong Sell. Data for this article was provided by Zacks Investment Research via Quandl.com. For the most recent Zacks research report on BE, visit here.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
