Bytes Technology Group (BYIT) Stock Forecast & Price Target

GBX 457.80

+6.60 (+1.46%)

(As of 12:32 PM ET)

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Bytes Technology Group - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy
Based on 2 Analyst Ratings

Based on 2 Wall Street analysts who have issued ratings for Bytes Technology Group in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 2 analysts, 1 has given a hold rating, and 1 has given a buy rating for BYIT.

Consensus Price Target

GBX 644

High Forecast	GBX 650
Average Forecast	GBX 644
Low Forecast	GBX 638

According to the 2 analysts' twelve-month price targets for Bytes Technology Group, the average price target is GBX 644. The highest price target for BYIT is GBX 650, while the lowest price target for BYIT is GBX 638. The average price target represents a forecasted upside of 40.67% from the current price of GBX 457.80.

Type	Current Forecast 9/14/23 to 9/13/24	1 Month Ago 8/15/23 to 8/14/24	3 Months Ago 6/16/23 to 6/15/24	1 Year Ago 9/14/22 to 9/14/23
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	1 Buy rating(s)	1 Buy rating(s)	1 Buy rating(s)	4 Buy rating(s)
Hold	1 Hold rating(s)	1 Hold rating(s)	1 Hold rating(s)	0 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	GBX 644	GBX 644	GBX 644	GBX 527.25

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BYIT Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

BYIT Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Bytes Technology Group Stock vs. The Competition

Type	Bytes Technology Group	Computer and Technology Companies
Consensus Rating Score	2.50	2.64
Consensus Rating	Moderate Buy	Moderate Buy
News Sentiment Rating	Negative News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
2/22/2024	Panmure Gordon 2 of 5 stars	Initiated Coverage	Hold	GBX 650	+19.16%
9/26/2023	Peel Hunt 3 of 5 stars	Reiterated Rating	Buy	GBX 638	+23.76%
5/24/2023	Barclays 3 of 5 stars	Reiterated Rating	Overweight	GBX 640	+44.14%
3/24/2023	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy	GBX 480	+28.55%
10/28/2022	Berenberg Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy	GBX 500	+34.41%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 05:08 PM ET.

BYIT Forecast - Frequently Asked Questions

What is Bytes Technology Group's forecast for 2024?: According to the research reports of 2 Wall Street equities research analysts, the average twelve-month stock price forecast for Bytes Technology Group is GBX 644, with a high forecast of GBX 650 and a low forecast of GBX 638.
Should I buy or sell Bytes Technology Group stock right now?: 2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Bytes Technology Group in the last year. There is currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" BYIT shares.
Does Bytes Technology Group's stock price have much upside?: According to analysts, Bytes Technology Group's stock has a predicted upside of 21.39% based on their 12-month stock forecasts.
Do Wall Street analysts like Bytes Technology Group more than its competitors?: Analysts like Bytes Technology Group less than other "computer and technology" companies. The consensus rating score for Bytes Technology Group is 2.50 while the average consensus rating score for "computer and technology" companies is 2.64. Learn more on how BYIT compares to other companies.