Key Takeaways:
- BASF (BASFY, Financial) is embroiled in a legal battle with Duracell over alleged misuse of lithium-ion battery technology.
- Analysts have set an average price target for BASFY at $12.75, indicating potential growth.
- The current analyst consensus for BASFY is a "Hold" rating.
BASF (BASFY) recently initiated a lawsuit against Duracell, accusing the company of illegally utilizing proprietary lithium-ion battery technology. This legal complaint was filed in Delaware, alleging that Duracell shared these critical trade secrets with third parties, ultimately impacting BASF's business operations adversely.
Wall Street Analysts' Predictions
According to price targets set by two analysts, BASF SE (BASFY, Financial) is projected to reach an average target price of $12.75 over the next year. This estimate ranges from a high of $13.50 to a low of $12.00, representing an upside potential of 8.14% from its current price of $11.79. For a more comprehensive analysis, visit the Basf SE (BASFY) Forecast page.
Regarding brokerage recommendations, the consensus from two firms suggests that BASF SE (BASFY, Financial) holds an average rating of 3.0, categorized as "Hold." This rating scale operates from 1 to 5, where 1 implies a Strong Buy and 5 indicates Sell.
From the perspective of GuruFocus estimates, the projected GF Value for BASF SE (BASFY, Financial) in one year is pegged at $11.08. This suggests a downside of 6.02% when compared to the current price of $11.79. The GF Value is GuruFocus' gauge of the fair market value of the stock, derived from historical multiples, prior business growth, and forward-looking performance estimates. Further insights can be accessed on the Basf SE (BASFY) Summary page.
