Truist has revised its price target for Bloom Energy (BE, Financial), bringing it down to $19 from its previous estimate of $22, while maintaining a Hold rating on the stock. This decision is partly driven by a 23% decline in Bloom Energy's stock value so far this year, amidst worries over dwindling AI spending and broader macroeconomic challenges.
The firm acknowledges the potential for Bloom to carve out a stronger position in the data center industry. However, a combination of tariff-related and macroeconomic uncertainties, along with advancements in large language model (LLM) efficiency, are presenting immediate hurdles. These factors are delaying the urgency required from hyperscale and data center customers to justify a premium valuation for Bloom Energy.
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 $25.37 with a high estimate of $35.00 and a low estimate of $10.00. The average target implies an upside of 49.26% from the current price of $17.00. 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 $21.69, suggesting a upside of 27.59% from the current price of $17. 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.
