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Bunge Global (BG) Stock Forecast & Price Target

$112.03
+0.64 (+0.57%)
(As of 07/17/2024 ET)

Bunge Global - 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 10 Wall Street analysts who have issued ratings for Bunge Global in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 10 analysts, 3 have given a hold rating, and 7 have given a buy rating for BG.

Consensus Price Target

$121.00
8.01% Upside
High Forecast$141.00
Average Forecast$121.00
Low Forecast$105.00

According to the 10 analysts' twelve-month price targets for Bunge Global, the average price target is $121.00. The highest price target for BG is $141.00, while the lowest price target for BG is $105.00. The average price target represents a forecasted upside of 8.01% from the current price of $112.03.

TypeCurrent Forecast
7/18/23 to 7/17/24
1 Month Ago
6/18/23 to 6/17/24
3 Months Ago
4/19/23 to 4/18/24
1 Year Ago
7/18/22 to 7/18/23
Consensus Rating
Moderate Buy
Moderate Buy
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
7 Buy rating(s)
7 Buy rating(s)
7 Buy rating(s)
5 Buy rating(s)
Hold
3 Hold rating(s)
3 Hold rating(s)
3 Hold rating(s)
2 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$121.00$121.00$120.44$123.00
Forecasted Upside8.01% Upside25.91% Upside25.49% Upside30.60% Upside
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BG 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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BG 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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Bunge Global Stock vs. The Competition

TypeBunge GlobalBasic Materials CompaniesS&P 500
Consensus Rating Score
2.70
2.63
2.50
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside7.42% Upside367.36% Upside7.68% Upside
News Sentiment RatingPositive News
Neutral News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
4/25/2024Citigroup
3 of 5 stars
 Boost TargetBuy ➝ Buy$117.00 ➝ $122.00+17.24%
2/13/2024The Goldman Sachs Group
2 of 5 stars
 Lower TargetBuy ➝ Buy$141.00 ➝ $126.00+41.13%
2/9/2024HSBC
2 of 5 stars
 UpgradeHold ➝ Buy$122.00 ➝ $105.00+21.39%
2/8/2024BMO Capital Markets
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 Lower TargetOutperform ➝ Outperform$130.00 ➝ $120.00+38.70%
2/5/2024Roth Mkm
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 Lower TargetBuy ➝ Buy$161.00 ➝ $138.00+53.81%
1/23/2024Robert W. Baird
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 Lower TargetNeutral ➝ Neutral$125.00 ➝ $108.00+19.73%
1/23/2024Barclays
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 Lower TargetOverweight ➝ Overweight$125.00 ➝ $115.00+29.55%
1/10/2024Wolfe Research
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 DowngradeOutperform ➝ Peer Perform
8/7/2023Morgan Stanley
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 Boost TargetEqual Weight ➝ Equal Weight$105.00 ➝ $114.00-1.00%
8/7/2023UBS Group
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 Boost TargetBuy ➝ Buy$133.00 ➝ $141.00+22.92%
6/22/202351job
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 Reiterated RatingInitiates
10/24/2022Bank of America
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 Lower TargetBuy$138.00 ➝ $130.00+43.98%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 12:09 AM ET.

BG Forecast - Frequently Asked Questions

What is Bunge Global's forecast for 2024?

According to the research reports of 10 Wall Street equities research analysts, the average twelve-month stock price forecast for Bunge Global is $121.00, with a high forecast of $141.00 and a low forecast of $105.00.

Should I buy or sell Bunge Global stock right now?

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Bunge Global in the last twelve months. There are currently 3 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" BG shares.

Does Bunge Global's stock price have much upside?

According to analysts, Bunge Global's stock has a predicted upside of 25.91% based on their 12-month stock forecasts.

What analysts cover Bunge Global?

Bunge Global has been rated by research analysts at Citigroup in the past 90 days.

Do Wall Street analysts like Bunge Global more than its competitors?

Analysts like Bunge Global more than other "basic materials" companies. The consensus rating score for Bunge Global is 2.70 while the average consensus rating score for "basic materials" companies is 2.62. Learn more on how BG compares to other companies.


This page (NYSE:BG) was last updated on 7/17/2024 by MarketBeat.com Staff

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