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Ballard Power Systems Inc has a consensus price target of $3.34 based on the ratings of 21 analysts. The high is $10 issued by Lake Street on August 13, 2024. The low is $1.1 issued by BMO Capital on August 12, 2025. The 3 most-recent analyst ratings were released by TD Cowen, Lake Street, and Wells Fargo on May 6, 2026, May 5, 2026, and March 27, 2026, respectively. With an average price target of $3.75 between TD Cowen, Lake Street, and Wells Fargo, there's an implied -10.29% downside for Ballard Power Systems Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Ballard Power Systems (NASDAQ:BLDP) was reported by TD Cowen on May 6, 2026. The analyst firm set a price target for $4.25 expecting BLDP to rise to within 12 months (a possible 1.67% upside). 10 analyst firms have reported ratings in the last year.
The latest analyst rating for Ballard Power Systems (NASDAQ:BLDP) was provided by TD Cowen, and Ballard Power Systems maintained their hold rating.
The last upgrade for Ballard Power Systems Inc happened on May 5, 2026 when Lake Street raised their price target to $5. Lake Street previously had a hold for Ballard Power Systems Inc.
The last downgrade for Ballard Power Systems Inc happened on August 11, 2025 when Lake Street changed their price target from N/A to N/A for Ballard Power Systems Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Ballard Power Systems, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Ballard Power Systems was filed on May 6, 2026 so you should expect the next rating to be made available sometime around May 6, 2027.
While ratings are subjective and will change, the latest Ballard Power Systems (BLDP) rating was a maintained with a price target of $2.50 to $4.25. The current price Ballard Power Systems (BLDP) is trading at is $4.18, which is within the analyst’s predicted range.
Browse analyst ratings and price targets on all stocks.
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| Buy Now | Get Alert | ||||||
|---|---|---|---|---|---|---|---|
| 05/06/2026 | Buy Now | 1.67% | TD Cowen | $2.5 → $4.25 | Maintains | Hold | Get Alert |
| 05/05/2026 | Buy Now | 19.62% | Lake Street | $3 → $5 | Upgrade | Hold → Buy | Get Alert |
| 03/27/2026 | Buy Now | -52.15% | Wells Fargo | $1.5 → $2 | Maintains | Underweight | Get Alert |
| 10/22/2025 | Buy Now | -16.27% | UBS | $1.4 → $3.5 | Maintains | Neutral | Get Alert |
| 10/13/2025 | Buy Now | -21.05% | Susquehanna | $2 → $3.3 | Maintains | Neutral | Get Alert |
| 08/13/2025 | Buy Now | -64.11% | Wells Fargo | $1 → $1.5 | Maintains | Underweight | Get Alert |
| 08/12/2025 | Buy Now | -56.94% | Roth Capital | $1.25 → $1.8 | Maintains | Neutral | Get Alert |
| 08/12/2025 | Buy Now | -73.68% | BMO Capital | $1 → $1.1 | Maintains | Underperform | Get Alert |
| 08/11/2025 | Buy Now | — | Lake Street | — | Downgrade | Buy → Hold | Get Alert |
| 07/21/2025 | Buy Now | -52.15% | Susquehanna | $1.3 → $2 | Maintains | Neutral | Get Alert |
| 05/12/2025 | Buy Now | -66.51% | UBS | $2 → $1.4 | Maintains | Neutral | Get Alert |
| 04/17/2025 | Buy Now | — | Citigroup | — | Downgrade | Neutral → Sell | Get Alert |
| 04/14/2025 | Buy Now | -68.9% | Susquehanna | $1.4 → $1.3 | Maintains | Neutral | Get Alert |
| 03/14/2025 | Buy Now | -70.1% | Roth MKM | $1.75 → $1.25 | Maintains | Neutral | Get Alert |
| 03/14/2025 | Buy Now | -71.29% | BMO Capital | $1.3 → $1.2 | Maintains | Underperform | Get Alert |
| 12/04/2024 | Buy Now | -71.29% | CIBC | $1.4 → $1.2 | Maintains | Underperformer | Get Alert |
| 11/06/2024 | Buy Now | -66.51% | CIBC | $1.6 → $1.4 | Maintains | Underperformer | Get Alert |
| 10/16/2024 | Buy Now | -64.11% | Susquehanna | $2 → $1.5 | Maintains | Neutral | Get Alert |
| 10/03/2024 | Buy Now | -52.15% | UBS | $3.5 → $2 | Maintains | Neutral | Get Alert |
| 09/16/2024 | Buy Now | — | Cormark Securities | — | Downgrade | Buy → Market Perform | Get Alert |
| 08/14/2024 | Buy Now | -28.23% | Raymond James | $4 → $3 | Maintains | Market Perform | Get Alert |
| 08/13/2024 | Buy Now | 139.23% | Lake Street | $15 → $10 | Maintains | Buy | Get Alert |
| 08/13/2024 | Buy Now | -61.72% | CIBC | $3.5 → $1.6 | Downgrade | Neutral → Underperformer | Get Alert |
| 08/13/2024 | Buy Now | -52.15% | Wells Fargo | $3 → $2 | Maintains | Underweight | Get Alert |
| 08/13/2024 | Buy Now | -52.15% | Truist Securities | $3 → $2 | Maintains | Hold | Get Alert |
| 08/13/2024 | Buy Now | -52.15% | Jefferies | $3.25 → $2 | Maintains | Hold | Get Alert |
| 08/13/2024 | Buy Now | -52.15% | Susquehanna | $3 → $2 | Maintains | Neutral | Get Alert |
| 08/13/2024 | Buy Now | -59.33% | BMO Capital | $2.25 → $1.7 | Maintains | Underperform | Get Alert |
| 05/13/2024 | Buy Now | -16.27% | UBS | $3.75 → $3.5 | Maintains | Neutral | Get Alert |
| 05/09/2024 | Buy Now | -28.23% | Wells Fargo | $3.5 → $3 | Maintains | Underweight | Get Alert |
| 05/08/2024 | Buy Now | -9.09% | HSBC | $4.1 → $3.8 | Maintains | Buy | Get Alert |
| 05/08/2024 | Buy Now | -16.27% | CIBC | $3.75 → $3.5 | Maintains | Neutral | Get Alert |
| 05/08/2024 | Buy Now | -28.23% | Truist Securities | $3.5 → $3 | Reiterates | Hold → Hold | Get Alert |
| 04/02/2024 | Buy Now | -10.29% | UBS | $4 → $3.75 | Maintains | Neutral | Get Alert |
| 03/13/2024 | Buy Now | -4.31% | Raymond James | $4.5 → $4 | Maintains | Market Perform | Get Alert |
| 03/13/2024 | Buy Now | -44.98% | Piper Sandler | $3 → $2.3 | Maintains | Underweight | Get Alert |
| 03/12/2024 | Buy Now | -28.23% | TD Securities | $3.75 → $3 | Maintains | Hold | Get Alert |
| 03/12/2024 | Buy Now | -10.29% | CIBC | $5 → $3.75 | Maintains | Neutral | Get Alert |
| 03/12/2024 | Buy Now | -28.23% | BMO Capital | $3.25 → $3 | Maintains | Underperform | Get Alert |
| 03/12/2024 | Buy Now | -28.23% | Susquehanna | $4 → $3 | Maintains | Neutral | Get Alert |
| 03/12/2024 | Buy Now | -1.91% | HSBC | $4.5 → $4.1 | Maintains | Buy | Get Alert |
| 03/12/2024 | Buy Now | -16.27% | Wells Fargo | $4 → $3.5 | Maintains | Underweight | Get Alert |
| 11/13/2023 | Buy Now | -16.27% | Truist Securities | $4 → $3.5 | Maintains | Hold | Get Alert |
| 11/13/2023 | Buy Now | -16.27% | Wells Fargo | $5 → $3.5 | Maintains | Underweight | Get Alert |
| 11/08/2023 | Buy Now | -4.31% | Susquehanna | $5 → $4 | Maintains | Neutral | Get Alert |
| 11/06/2023 | Buy Now | -4.31% | Truist Securities | $5 → $4 | Maintains | Hold | Get Alert |
| 10/24/2023 | Buy Now | — | HSBC | — | Upgrade | Hold → Buy | Get Alert |
| 10/10/2023 | Buy Now | 1.67% | UBS | $6.5 → $4.25 | Maintains | Neutral | Get Alert |
| 08/14/2023 | Buy Now | 19.62% | Susquehanna | $5.5 → $5 | Maintains | Neutral | Get Alert |
| 06/27/2023 | Buy Now | -4.31% | B. Riley Securities | $6 → $4 | Downgrade | Buy → Neutral | Get Alert |
| 06/15/2023 | Buy Now | 43.54% | Scotiabank | $6.75 → $6 | Maintains | Sector Perform | Get Alert |
| 06/14/2023 | Buy Now | 31.58% | Susquehanna | $4.5 → $5.5 | Maintains | Neutral | Get Alert |
| 06/14/2023 | Buy Now | 19.62% | Wells Fargo | → $5 | Reiterates | Underweight → Underweight | Get Alert |
| 06/14/2023 | Buy Now | 1.67% | BMO Capital | $4.5 → $4.25 | Downgrade | Market Perform → Underperform | Get Alert |