BofA analyst Dimple Gosai raised the firm’s price target on Bloom Energy (BE) to $21 from $20 and keeps an Underperform rating on the shares. The reaffirmed guidance and lack of new detail despite a Q2 top-line beat reinforce the firm’s concern that high-profile wins, like Oracle (ORCL), are already priced in and “needed just to meet – not exceed – targets,” the analyst tells investors in a post-earnings note.
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Read More on BE:
- Bloom Energy price target raised to $45 from $22 at Baird
- Bloom Energy price target raised to $42 from $30 at BTIG
- Bloom Energy downgraded to Hold from Buy at Clear Street
- Cautious Outlook on Bloom Energy: Sell Rating Due to Limited Pipeline Visibility and Valuation Pressure
- Bloom Energy’s Strong Market Position and Growth Potential Justify Buy Rating