Bending Spoons (NASDAQ:BSP) Downgraded to Underperform Rating by Bank of America

Bending Spoons (NASDAQ:BSP) was downgraded by stock analysts at Bank of America from a “neutral” rating to an “underperform” rating in a report released on Wednesday, Marketbeat reports. They presently have a $39.00 price target on the stock. Bank of America‘s price objective would indicate a potential downside of 27.02% from the stock’s previous close.

Several other analysts have also recently issued reports on the company. Mizuho set a $72.00 target price on Bending Spoons in a report on Tuesday. Jefferies Financial Group set a $38.00 price target on shares of Bending Spoons and gave the stock a “hold” rating in a report on Sunday, July 26th. The Goldman Sachs Group began coverage on Bending Spoons in a research report on Monday, July 27th. They issued a “buy” rating and a $43.00 target price on the stock. JPMorgan Chase & Co. initiated coverage on Bending Spoons in a research report on Monday, July 27th. They set a “neutral” rating and a $35.00 price objective for the company. Finally, Benchmark started coverage on shares of Bending Spoons in a research note on Monday, July 27th. They issued a “buy” rating and a $45.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $43.30.

Bending Spoons Trading Up 3.9%

NASDAQ:BSP opened at $53.44 on Wednesday. Bending Spoons has a twelve month low of $30.11 and a twelve month high of $58.94.

Bending Spoons (NASDAQ:BSP) last released its quarterly earnings data on Monday, June 8th. The company reported $0.32 EPS for the quarter. The business had revenue of $601.32 million during the quarter. As a group, equities research analysts anticipate that Bending Spoons will post 1.27 earnings per share for the current fiscal year.

About Bending Spoons

Bending Spoons S.p.A. is a technology company. It acquires digital businesses, implements deep transformations and ongoing optimizations to sustainably expand earnings and reinvests in additional acquisitions, thereby continuing the compounding cycle. Bending Spoons S.p.A. is based in MILAN.