Analyst Ratings for Plug Power
Portfolio Pulse from Benzinga Insights
Analyst ratings for Plug Power (NASDAQ:PLUG) over the last quarter show 4 bullish, 3 somewhat bullish, 12 indifferent, 1 somewhat bearish, and 0 bearish ratings. The average price target is $8.09, representing an implied upside from the current price of $4.05, but this is a 45.26% decrease from the previous average price target of $14.78. Analysts rate stocks based on future earnings potential and the predictability of a company's revenue streams.
December 06, 2023 | 1:00 pm
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Analysts have set an average price target of $8.09 for Plug Power, indicating a potential upside from the current price of $4.05, despite a significant decrease from the previous target of $14.78.
The average price target suggests analysts believe the stock has potential to rise, which could positively influence investor sentiment and the stock price in the short term. However, the significant decrease from the previous target may temper expectations. The predominance of neutral ratings indicates a cautious outlook, which might limit the stock's upside potential.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100