Truist has revised its price target for Bloom Energy (BE, Financial), reducing it from $22 to $19 while maintaining a Hold rating on the stock. This adjustment reflects apprehensions surrounding a decrease in spending related to artificial intelligence, as well as concerns linked to tariff and broader macroeconomic factors.
The firm acknowledges Bloom Energy's potential to gain traction within the data center sector. However, it has cautioned investors about the challenges posed by the simultaneous impact of tariff and macroeconomic uncertainties, alongside the swift advancements in large language model efficiencies. These factors are seen as immediate obstacles, affecting the urgency needed for data center and hyperscaler clients to justify further premium evaluations.
In summary, while there is optimism about Bloom Energy's future in the data center arena, current economic and technological pressures are expected to impede its short-term growth trajectory.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 23 analysts, the average target price for Bloom Energy Corp (BE, Financial) is $25.50 with a high estimate of $35.00 and a low estimate of $10.00. The average target implies an upside of 49.50% from the current price of $17.06. More detailed estimate data can be found on the Bloom Energy Corp (BE) Forecast page.
Based on the consensus recommendation from 26 brokerage firms, Bloom Energy Corp's (BE, Financial) average brokerage recommendation is currently 2.5, indicating "Outperform" 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 Bloom Energy Corp (BE, Financial) in one year is $21.70, suggesting a upside of 27.2% from the current price of $17.06. 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 Bloom Energy Corp (BE) Summary page.
