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Ballard Power Systems (BLDP) Stock Forecast & Price Target

$2.31
+0.02 (+0.87%)
(As of 07/22/2024 ET)

Ballard Power Systems - 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

Based on 14 Wall Street analysts who have issued ratings for Ballard Power Systems in the last 12 months, the stock has a consensus rating of "Reduce." Out of the 14 analysts, 3 have given a sell rating, 10 have given a hold rating, and 1 has given a buy rating for BLDP.

Consensus Price Target

$3.49
51.05% Upside
High Forecast$4.25
Average Forecast$3.49
Low Forecast$2.30

According to the 14 analysts' twelve-month price targets for Ballard Power Systems, the average price target is $3.49. The highest price target for BLDP is $4.25, while the lowest price target for BLDP is $2.30. The average price target represents a forecasted upside of 51.05% from the current price of $2.31.

TypeCurrent Forecast
7/24/23 to 7/23/24
1 Month Ago
6/24/23 to 6/23/24
3 Months Ago
4/25/23 to 4/24/24
1 Year Ago
7/24/22 to 7/24/23
Consensus Rating
Reduce
Reduce
Reduce
Reduce
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)
0 Buy rating(s)
Hold
10 Hold rating(s)
11 Hold rating(s)
10 Hold rating(s)
13 Hold rating(s)
Sell
3 Sell rating(s)
3 Sell rating(s)
3 Sell rating(s)
2 Sell rating(s)
Consensus Price Target$3.49$3.59$3.97$6.80
Forecasted Upside51.05% Upside14.45% Upside18.45% Upside27.56% Upside
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BLDP 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.
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BLDP 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.
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Ballard Power Systems Stock vs. The Competition

TypeBallard Power SystemsComputer and Technology CompaniesS&P 500
Consensus Rating Score
1.86
2.61
2.51
Consensus RatingReduceModerate BuyModerate Buy
Predicted Upside51.05% Upside119.44% Upside9.23% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
5/9/2024Wells Fargo & Company
3 of 5 stars
 Lower TargetUnderweight ➝ Underweight$3.50 ➝ $3.00-1.32%
5/8/2024HSBC
2 of 5 stars
 Lower TargetBuy ➝ Buy$4.10 ➝ $3.80+31.94%
5/8/2024TD Securities
4 of 5 stars
 Boost TargetHold$2.50 ➝ $2.75-4.18%
5/8/2024National Bankshares
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 Lower TargetSector Perform$4.50 ➝ $4.00+39.37%
5/8/2024Jefferies Financial Group
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 Lower TargetHold$3.50 ➝ $3.25+13.24%
5/8/2024CIBC
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 Lower TargetNeutral ➝ Neutral$3.75 ➝ $3.50+21.95%
5/8/2024Truist Financial
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 Reiterated RatingHold ➝ Hold$3.50 ➝ $3.00+5.63%
3/13/2024Piper Sandler
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 Lower TargetUnderweight ➝ Underweight$3.00 ➝ $2.30-16.36%
3/13/2024Raymond James
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 Lower TargetMarket Perform ➝ Market Perform$4.50 ➝ $4.00+44.93%
2/27/2024Citigroup
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 Lower TargetNeutral$4.50 ➝ $3.50+13.64%
11/8/2023Susquehanna
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 Lower TargetNeutral ➝ Neutral$5.00 ➝ $4.00+17.65%
11/8/2023Susquehanna Bancshares
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 Lower TargetNeutral$5.00 ➝ $4.00+15.94%
11/8/2023BMO Capital Markets
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 Lower TargetUnderperform$3.65 ➝ $3.50+1.45%
10/10/2023UBS Group
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 Lower TargetNeutral ➝ Neutral$6.50 ➝ $4.25+16.12%
6/27/2023B. Riley
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C. Souther
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DowngradeBuy ➝ Neutral$6.00 ➝ $5.00+17.37%
6/15/2023Scotiabank
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 Lower Target$6.75 ➝ $6.00+28.21%
11/15/2022Cowen
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 Lower Target$7.50+16.64%
11/8/2022Lake Street Capital
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 Lower Target$32.00 ➝ $19.00+249.91%
11/8/2022National Bank of Canada
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 Reiterated RatingOutperform ➝ Sector Perform$12.00 ➝ $8.00+47.33%
11/8/2022National Bank Financial
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R. Merer
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DowngradeOutperform ➝ Sector Perform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 03:49 AM ET.

BLDP Forecast - Frequently Asked Questions

What is Ballard Power Systems' forecast for 2024?

According to the research reports of 14 Wall Street equities research analysts, the average twelve-month stock price forecast for Ballard Power Systems is $3.49, with a high forecast of $4.25 and a low forecast of $2.30.

Should I buy or sell Ballard Power Systems stock right now?

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ballard Power Systems in the last year. There are currently 3 sell ratings, 10 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "reduce" BLDP shares.

Does Ballard Power Systems's stock price have much upside?

According to analysts, Ballard Power Systems's stock has a predicted upside of 14.16% based on their 12-month stock forecasts.

What analysts cover Ballard Power Systems?

Ballard Power Systems has been rated by research analysts at CIBC, HSBC, Jefferies Financial Group, National Bankshares, TD Securities, Truist Financial, and Wells Fargo & Company in the past 90 days.

Do Wall Street analysts like Ballard Power Systems more than its competitors?

Analysts like Ballard Power Systems less than other "computer and technology" companies. The consensus rating for Ballard Power Systems is Reduce while the average consensus rating for "computer and technology" companies is Moderate Buy. Learn more on how BLDP compares to other companies.


This page (NASDAQ:BLDP) was last updated on 7/23/2024 by MarketBeat.com Staff

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