JP Morgan Maintains Overweight on Bloom Energy, Lowers Price Target to $19
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Mark Strouse has maintained an Overweight rating on Bloom Energy (NYSE:BE) but lowered the price target from $22 to $19.
October 19, 2023 | 11:48 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
JP Morgan has maintained an Overweight rating on Bloom Energy but lowered the price target from $22 to $19.
The lowering of the price target by JP Morgan could potentially lead to a decrease in the stock price of Bloom Energy in the short term as it indicates a lower valuation of the company. However, the maintained Overweight rating suggests that the analyst still sees potential in the company's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100