RBC Capital Maintains Outperform on Bloom Energy, Lowers Price Target to $21
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Chris Dendrinos has maintained an Outperform rating on Bloom Energy (NYSE:BE) but reduced the price target from $24 to $21.
January 12, 2024 | 5:48 pm
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RBC Capital analyst reaffirms Outperform rating on Bloom Energy but lowers price target to $21 from $24.
The reduction in price target may cause some investors to adjust their valuation models, potentially leading to short-term price fluctuations. However, the maintenance of the Outperform rating suggests that the analyst still sees positive fundamentals or growth prospects, which could balance out the negative impact of the target reduction.
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