7 Analysts Have This to Say About Stem
Portfolio Pulse from Benzinga Insights
Seven Wall Street analysts have provided their opinions on Stem, Inc. (NYSE:STEM) over the past three months, all indicating an indifferent stance with no bullish or bearish ratings. The average 12-month price target for STEM is $4.63, with a high forecast of $7.00 and a low of $3.70. This average price target reflects a 26.86% decrease from the previous average of $6.33. Analyst ratings are based on company data, financial statements, and insider information, and are intended to predict stock performance over the upcoming year.
December 08, 2023 | 6:01 pm
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NEUTRAL IMPACT
Analysts have a neutral stance on Stem, Inc. with an average 12-month price target of $4.63, indicating a significant decrease from the previous target of $6.33.
The unanimous indifferent rating from analysts suggests no immediate catalysts for significant price movement in STEM's stock. However, the lowered price target could potentially lead to a negative investor sentiment in the short term, as it implies a lower expected future value for the stock. The importance is rated at 75 due to the substantial decrease in the price target, which is a key factor for investors. The confidence level is at 80, reflecting the clear consensus among analysts and the reliance on their expertise, despite the inherent uncertainty in market predictions.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100