Bending Spoons (NASDAQ:BSP – Get Free Report) was upgraded by investment analysts at Zacks Research to a “hold” rating in a research report issued on Tuesday,Zacks.com reports.
Several other analysts also recently weighed in on BSP. Benchmark began coverage on Bending Spoons in a research report on Monday. They issued a “buy” rating and a $45.00 price objective for the company. Jefferies Financial Group set a $38.00 target price on shares of Bending Spoons and gave the stock a “hold” rating in a research note on Sunday. Mizuho assumed coverage on shares of Bending Spoons in a report on Monday. They set an “outperform” rating and a $45.00 price target for the company. The Goldman Sachs Group began coverage on shares of Bending Spoons in a report on Monday. They issued a “buy” rating and a $43.00 price target on the stock. Finally, Sanford C. Bernstein began coverage on shares of Bending Spoons in a research report on Monday. They issued an “outperform” rating and a $40.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $40.40.
Get Our Latest Stock Analysis on Bending Spoons
Bending Spoons Trading Up 0.0%
Bending Spoons (NASDAQ:BSP – Get Free Report) last announced its quarterly earnings data on Monday, June 8th. The company reported $0.32 earnings per share (EPS) for the quarter. The company had revenue of $601.32 million for the quarter.
Bending Spoons News Summary
Here are the key news stories impacting Bending Spoons this week:
- Positive Sentiment: BNP Paribas Exane upgraded BSP to “strong-buy,” providing the most bullish rating among the latest analyst actions. Zacks.com
- Positive Sentiment: Zacks Research upgraded Bending Spoons to “hold” from a lower rating, reducing potentially negative analyst sentiment even though the new rating remains cautious. Zacks.com
- Positive Sentiment: Goldman Sachs, Wells Fargo and Sanford C. Bernstein began research coverage on BSP. The addition of major institutional analysts can improve investor awareness and may attract new buyers. Their earlier published ratings included buy, overweight and outperform recommendations, respectively. Goldman Sachs coverage Wells Fargo coverage Bernstein coverage
- Positive Sentiment: Mizuho and Benchmark initiated coverage with “outperform” and “buy” ratings, respectively, and both set $45 price targets. Those targets imply approximately 37.6% upside from the referenced share price, reinforcing the broadly optimistic analyst view. Benzinga coverage reports
- Neutral Sentiment: Bending Spoons secured a €500 million SACE-backed term-loan facility maturing in March 2031. The financing provides substantial liquidity for acquisitions or expansion, but also increases debt obligations and financing risk. Bending Spoons term loan announcement
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