BNP Paribas Exane Upgrades Bending Spoons (NASDAQ:BSP) to “Strong-Buy”

Bending Spoons (NASDAQ:BSP) was upgraded by equities researchers at BNP Paribas Exane to a “strong-buy” rating in a report released on Monday,Zacks.com reports.

BSP has been the topic of several other reports. Wells Fargo & Company assumed coverage on Bending Spoons in a report on Monday. They set an “overweight” rating and a $45.00 price target on the stock. Mizuho initiated coverage on shares of Bending Spoons in a report on Monday. They set an “outperform” rating and a $45.00 target price on the stock. JPMorgan Chase & Co. started coverage on shares of Bending Spoons in a research report on Monday. They issued a “neutral” rating and a $35.00 price target for the company. The Goldman Sachs Group initiated coverage on Bending Spoons in a research note on Monday. They issued a “buy” rating and a $43.00 price target for the company. Finally, Benchmark assumed coverage on shares of Bending Spoons in a research report on Monday. They set a “buy” rating and a $45.00 price target on the stock. One equities research 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 MarketBeat.com, Bending Spoons has a consensus rating of “Moderate Buy” and a consensus price target of $40.40.

Bending Spoons Price Performance

NASDAQ BSP opened at $32.70 on Monday. Bending Spoons has a 1-year low of $30.11 and a 1-year high of $43.98.

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

Key Headlines Impacting 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