Bank of America (BofA) has revised its price target for E2open (ETWO, Financial), reducing it from $3.25 to $2.65. This decision comes while maintaining an Underperform rating on the company's shares. The adjustment reflects a cautious stance amid ongoing uncertainties within the industrial sector.
Despite forecasts that anticipate first-quarter earnings for firms in the Industrials/Multi-Industry segment to meet or exceed expectations, BofA has opted to lower its estimates. This preemptive measure is attributed to the heightened uncertainty and the impact of prevailing tariffs, notwithstanding the recent announcement of a temporary 90-day suspension on certain reciprocal tariffs as of April 9.
The analyst highlighted these considerations in a preview, suggesting that despite potential earnings strengths, external factors like tariffs continue to pose significant challenges. Investors are advised to remain cautious, as these elements may affect performance in the near term.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 6 analysts, the average target price for E2open Parent Holdings Inc (ETWO, Financial) is $3.16 with a high estimate of $4.00 and a low estimate of $2.30. The average target implies an upside of 57.13% from the current price of $2.01. More detailed estimate data can be found on the E2open Parent Holdings Inc (ETWO) Forecast page.
Based on the consensus recommendation from 6 brokerage firms, E2open Parent Holdings Inc's (ETWO, Financial) average brokerage recommendation is currently 3.3, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for E2open Parent Holdings Inc (ETWO, Financial) in one year is $4.77, suggesting a upside of 137.31% from the current price of $2.01. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the E2open Parent Holdings Inc (ETWO) Summary page.
