Bending Spoons (NASDAQ:BSP) Price Target Raised to $38.00

Bending Spoons (NASDAQ:BSP) had its price objective increased by equities researchers at JPMorgan Chase & Co. from $35.00 to $38.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective indicates a potential downside of 6.48% from the stock’s current price.

A number of other research firms also recently weighed in on BSP. BNP Paribas Exane assumed coverage on shares of Bending Spoons in a research note on Monday, July 27th. They issued an “outperform” rating and a $40.00 price target on the stock. Wells Fargo & Company assumed coverage on shares of Bending Spoons in a research report on Monday, July 27th. They set an “overweight” rating and a $45.00 price objective for the company. Wall Street Zen raised shares of Bending Spoons to a “hold” rating in a research note on Sunday, July 12th. Mizuho set a $72.00 target price on shares of Bending Spoons in a research report on Tuesday. Finally, Evercore started coverage on shares of Bending Spoons in a research note on Monday, July 27th. They set a “hold” rating and a $36.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $44.10.

Bending Spoons Trading Down 0.7%

Shares of BSP traded down $0.28 during midday trading on Friday, hitting $40.63. The company’s stock had a trading volume of 741,194 shares, compared to its average volume of 2,819,438. Bending Spoons has a one year low of $30.11 and a one year high of $58.94.

Bending Spoons (NASDAQ:BSP) last announced its quarterly earnings data on Thursday, August 13th. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.19. The business had revenue of $704.15 million for the quarter. The firm’s quarterly revenue was up 126.3% compared to the same quarter last year. Research analysts forecast that Bending Spoons will post 1.27 earnings per share for the current year.

Key Stories Impacting Bending Spoons

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

• Positive Sentiment: Benchmark raised its price target on BSP from $45 to $50 and initiated a “buy” rating, implying approximately 21.9% upside from the cited $41.01 share price. The firm based its view on the company’s inaugural earnings report, which exceeded expectations. Street Insider analyst note
• Positive Sentiment: Bending Spoons reported Q2 adjusted EPS of $0.46, beating the $0.27 analyst consensus by $0.19. Revenue reached approximately $704.2 million, ahead of expectations by about $21.4 million and up 126.3% year over year, providing evidence of strong operating growth. Q2 earnings beat
• Neutral Sentiment: Third-quarter revenue guidance of $733 million to $745 million brackets the $738.6 million consensus estimate, suggesting continued growth but limited near-term upside relative to expectations.
• Negative Sentiment: Full-year 2026 revenue guidance of approximately $2.8 billion is below the roughly $2.9 billion analyst consensus, potentially raising concerns about growth momentum after the very strong second-quarter comparison.
• Negative Sentiment: Coverage from Bank of America was downgraded to “underperform,” adding a bearish counterpoint to Benchmark’s bullish call. Bank of America rating downgrade
• Negative Sentiment: Investors are also focused on a larger M&A bill associated with the company’s expansion. Higher acquisition spending may pressure cash flow and temper the positive impact of the earnings and revenue beats. M&A spending report

Bending Spoons Company Profile

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.