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Ballard Power Systems Inc has a consensus price target of $5.24 based on the ratings of 23 analysts. The high is $13 issued by Truist Securities on January 24, 2022. The low is $1.6 issued by CIBC on August 13, 2024. The 3 most-recent analyst ratings were released by Raymond James, Lake Street, and CIBC on August 14, 2024, August 13, 2024, and August 13, 2024, respectively. With an average price target of $4.87 between Raymond James, Lake Street, and CIBC, there's an implied 175.03% upside 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 Cormark Securities on September 16, 2024. The analyst firm set a price target for $0.00 expecting BLDP to fall to within 12 months (a possible -100.00% downside). 27 analyst firms have reported ratings in the last year.
The latest analyst rating for Ballard Power Systems (NASDAQ:BLDP) was provided by Cormark Securities, and Ballard Power Systems downgraded their market perform rating.
The last upgrade for Ballard Power Systems Inc happened on October 24, 2023 when HSBC raised their price target to N/A. HSBC previously had a hold for Ballard Power Systems Inc.
The last downgrade for Ballard Power Systems Inc happened on September 16, 2024 when Cormark Securities 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 September 16, 2024 so you should expect the next rating to be made available sometime around September 16, 2025.
While ratings are subjective and will change, the latest Ballard Power Systems (BLDP) rating was a downgraded with a price target of $0.00 to $0.00. The current price Ballard Power Systems (BLDP) is trading at is $1.77, which is out of the analyst’s predicted range.
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