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Bloom Energy (BE) Stock Forecast & Price Target

$14.18
-0.47 (-3.21%)
(As of 07/19/2024 ET)

Bloom Energy - 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 18 Wall Street analysts who have issued ratings for Bloom Energy in the last 12 months, the stock has a consensus rating of "Hold." Out of the 18 analysts, 1 has given a sell rating, 8 have given a hold rating, and 9 have given a buy rating for BE.

Consensus Price Target

$15.64
10.29% Upside
High Forecast$22.00
Average Forecast$15.64
Low Forecast$9.00

According to the 18 analysts' twelve-month price targets for Bloom Energy, the average price target is $15.64. The highest price target for BE is $22.00, while the lowest price target for BE is $9.00. The average price target represents a forecasted upside of 10.29% from the current price of $14.18.

TypeCurrent Forecast
7/22/23 to 7/21/24
1 Month Ago
6/22/23 to 6/21/24
3 Months Ago
4/23/23 to 4/22/24
1 Year Ago
7/22/22 to 7/22/23
Consensus Rating
Hold
Hold
Moderate Buy
Moderate Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
9 Buy rating(s)
9 Buy rating(s)
9 Buy rating(s)
11 Buy rating(s)
Hold
8 Hold rating(s)
8 Hold rating(s)
6 Hold rating(s)
4 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$15.64$15.69$16.69$27.79
Forecasted Upside10.29% Upside35.57% Upside50.70% Upside35.68% Upside
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BE 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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BE 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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Bloom Energy Stock vs. The Competition

TypeBloom EnergyOils/Energy CompaniesS&P 500
Consensus Rating Score
2.44
2.57
2.51
Consensus RatingHoldModerate BuyModerate Buy
Predicted Upside10.29% Upside344.41% Upside10.07% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/17/2024Bank of America
4 of 5 stars
 Boost TargetUnderperform ➝ Underperform$8.00 ➝ $9.00-41.44%
7/16/2024JPMorgan Chase & Co.
3 of 5 stars
 Boost TargetNeutral ➝ Neutral$12.00 ➝ $14.00-3.78%
6/20/2024Royal Bank of Canada
4 of 5 stars
 Reiterated RatingOutperform ➝ Outperform$15.00 ➝ $15.00+9.81%
6/6/2024BTIG Research
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 Boost TargetBuy ➝ Buy$19.00 ➝ $21.00+33.93%
5/20/2024Wells Fargo & Company
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 Boost TargetEqual Weight ➝ Equal Weight$12.00 ➝ $14.00+10.67%
5/10/2024Evercore ISI
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 Lower TargetOutperform ➝ Outperform$21.00 ➝ $20.00+70.50%
5/10/2024TD Cowen
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 Boost TargetHold ➝ Hold$10.00 ➝ $13.00+10.83%
3/27/2024Susquehanna
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 Lower TargetPositive ➝ Positive$18.00 ➝ $16.00+48.08%
3/25/2024Morgan Stanley
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 Reiterated RatingOverweight ➝ Overweight$22.00+116.96%
3/6/2024Truist Financial
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 UpgradeSell ➝ Hold$9.00 ➝ $11.00+16.77%
2/16/2024BMO Capital Markets
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 Lower TargetMarket Perform ➝ Market Perform$11.00 ➝ $10.00+5.49%
2/16/2024Piper Sandler
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 Lower TargetNeutral ➝ Neutral$14.00 ➝ $11.00+20.88%
2/16/2024Raymond James
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 Lower TargetOutperform ➝ Outperform$20.00 ➝ $16.00+75.25%
2/16/2024KeyCorp
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 DowngradeOverweight ➝ Sector Weight
2/6/2024Redburn Atlantic
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 Initiated CoverageNeutral$12.50+13.33%
1/10/2024Robert W. Baird
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 UpgradeNeutral ➝ Outperform$16.00 ➝ $22.00+65.17%
11/17/2023CL King
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 Initiated CoverageBuy$15.00+20.77%
10/24/2023HSBC
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 Lower TargetBuy ➝ Buy$22.00 ➝ $20.00+77.62%
5/15/2023Jefferies Financial Group
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 Lower Target$30.00 ➝ $25.00+94.25%
2/13/2023Credit Suisse Group
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 Reiterated RatingOutperform$32.00+37.34%
12/13/2022UBS Group
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 Initiated CoverageBuy$35.00+59.38%
8/22/2022Northland Securities
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 Boost Target$40.00+61.94%
8/19/2022Susquehanna Bancshares
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 Boost TargetPositive$30.00 ➝ $35.00+31.73%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 12:27 PM ET.

BE Forecast - Frequently Asked Questions

What is Bloom Energy's forecast for 2024?

According to the research reports of 18 Wall Street equities research analysts, the average twelve-month stock price forecast for Bloom Energy is $15.64, with a high forecast of $22.00 and a low forecast of $9.00.

Should I buy or sell Bloom Energy stock right now?

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Bloom Energy in the last year. There is currently 1 sell rating, 8 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" BE shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BE, but not buy additional shares or sell existing shares.

Does Bloom Energy's stock price have much upside?

According to analysts, Bloom Energy's stock has a predicted upside of 31.53% based on their 12-month stock forecasts.

What analysts cover Bloom Energy?

Bloom Energy has been rated by research analysts at Bank of America, BTIG Research, Evercore ISI, JPMorgan Chase & Co., Royal Bank of Canada, TD Cowen, and Wells Fargo & Company in the past 90 days.

Do Wall Street analysts like Bloom Energy more than its competitors?

Analysts like Bloom Energy less than other "oils/energy" companies. The consensus rating for Bloom Energy is Hold while the average consensus rating for "oils/energy" companies is Moderate Buy. Learn more on how BE compares to other companies.


This page (NYSE:BE) was last updated on 7/21/2024 by MarketBeat.com Staff

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