Analyst Ratings for Ballard Power Systems
Portfolio Pulse from Benzinga Insights
Over the last quarter, Ballard Power Systems (NASDAQ:BLDP) received 3 indifferent and 1 somewhat bearish analyst ratings. The average 12-month price target among 4 analysts is $3.94, which is a 26.77% decrease from the previous target of $5.38. The high target is $4.25 and the low target is $3.50.
November 13, 2023 | 3:00 pm
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Ballard Power Systems has an average analyst price target of $3.94, reflecting a 26.77% decrease from the previous target, with recent ratings being mostly indifferent or somewhat bearish.
The reduction in the average price target suggests analysts are less optimistic about BLDP's future price performance. The recent ratings being mostly indifferent or somewhat bearish indicate a lack of positive catalysts that could drive the stock price up in the short term. This could lead to negative sentiment among investors and potentially a decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100