Bending Spoons (NASDAQ:BSP) Upgraded by Zacks Research to Hold Rating

Zacks Research upgraded shares of Bending Spoons (NASDAQ:BSP) to a hold rating in a research report sent to investors on Tuesday morning,Zacks.com reports.

BSP has been the subject of several other research reports. The Goldman Sachs Group began coverage on shares of Bending Spoons in a research note on Monday. They issued a “buy” rating and a $43.00 target price for the company. JPMorgan Chase & Co. began coverage on shares of Bending Spoons in a report on Monday. They issued a “neutral” rating and a $35.00 price target for the company. Benchmark started coverage on shares of Bending Spoons in a research report on Monday. They issued a “buy” rating and a $45.00 price objective for the company. BNP Paribas Exane started coverage on Bending Spoons in a research note on Monday. They set an “outperform” rating and a $40.00 price objective on the stock. Finally, Bank of America initiated coverage on Bending Spoons in a report on Monday. They set a “neutral” rating and a $37.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, Bending Spoons currently has an average rating of “Moderate Buy” and an average price target of $40.40.

Bending Spoons Price Performance

Shares of BSP stock opened at $32.70 on Tuesday. Bending Spoons has a one year low of $30.11 and a one year high of $43.98.

Bending Spoons (NASDAQ:BSP) last announced its quarterly earnings results on Monday, June 8th. The company reported $0.32 earnings per share for the quarter. The firm had revenue of $601.32 million during the quarter.

Trending Headlines about Bending Spoons

Here are the key news stories impacting Bending Spoons this week:

• Positive Sentiment: BNP Paribas Exane upgraded BSP to “strong-buy,” providing the most bullish rating among the latest analyst actions. Zacks.com
• Positive Sentiment: Zacks Research upgraded Bending Spoons to “hold” from a lower rating, reducing potentially negative analyst sentiment even though the new rating remains cautious. Zacks.com
• Positive Sentiment: Goldman Sachs, Wells Fargo and Sanford C. Bernstein began research coverage on BSP. The addition of major institutional analysts can improve investor awareness and may attract new buyers. Their earlier published ratings included buy, overweight and outperform recommendations, respectively. Goldman Sachs coverage Wells Fargo coverage Bernstein coverage
• Positive Sentiment: Mizuho and Benchmark initiated coverage with “outperform” and “buy” ratings, respectively, and both set $45 price targets. Those targets imply approximately 37.6% upside from the referenced share price, reinforcing the broadly optimistic analyst view. Benzinga coverage reports
• Neutral Sentiment: Bending Spoons secured a €500 million SACE-backed term-loan facility maturing in March 2031. The financing provides substantial liquidity for acquisitions or expansion, but also increases debt obligations and financing risk. Bending Spoons term loan announcement