Where Plug Power Stands With Analysts
Portfolio Pulse from Benzinga Insights
In the last quarter, Plug Power (NASDAQ:PLUG) received mixed analyst ratings with 3 bullish, 3 somewhat bullish, and 12 indifferent. The average 12-month price target for PLUG is $8.93, which is a 41.82% decrease from the previous target of $15.35. The high target is $27.00 and the low is $3.50. Analyst ratings are opinions based on financial analysis and are updated quarterly.
November 14, 2023 | 2:00 pm
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Plug Power has a mixed outlook from analysts with an average price target of $8.93, significantly lower than the previous target of $15.35.
The significant decrease in the average price target for Plug Power suggests a bearish sentiment among analysts, which could lead to a negative short-term impact on the stock price. The mixed ratings with a majority being indifferent also indicate uncertainty, potentially leading to volatility or a cautious approach from investors.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100