Bending Spoons (NASDAQ:BSP) Given New $38.00 Price Target at JPMorgan Chase & Co.

Bending Spoons (NASDAQ:BSP) had its price target hoisted by equities researchers at JPMorgan Chase & Co. from $35.00 to $38.00 in a research report issued on Friday,Benzinga reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target indicates a potential downside of 6.48% from the stock’s current price.

Several other equities research analysts also recently issued reports on the stock. Zacks Research upgraded shares of Bending Spoons to a “hold” rating in a research report on Tuesday, July 28th. Wells Fargo & Company started coverage on Bending Spoons in a report on Monday, July 27th. They set an “overweight” rating and a $45.00 price target for the company. Bank of America downgraded Bending Spoons from a “neutral” rating to an “underperform” rating and set a $39.00 price target for the company. in a research note on Wednesday. Benchmark upped their price objective on Bending Spoons from $45.00 to $50.00 and gave the company a “buy” rating in a report on Friday. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of Bending Spoons in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Bending Spoons has an average rating of “Moderate Buy” and an average target price of $44.10.

Bending Spoons Stock Down 0.7%

BSP stock traded down $0.28 during midday trading on Friday, reaching $40.63. 741,194 shares of the company were exchanged, compared to its average volume of 2,819,438. Bending Spoons has a one year low of $30.11 and a one year high of $58.94.

Bending Spoons (NASDAQ:BSP) last issued its quarterly earnings data on Thursday, August 13th. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.19. The company had revenue of $704.15 million during the quarter. The business’s revenue for the quarter was up 126.3% compared to the same quarter last year. Research analysts forecast that Bending Spoons will post 1.27 EPS for the current year.

More Bending Spoons News

Here are the key news stories impacting Bending Spoons this week:

• Positive Sentiment: Benchmark raised its price target on BSP from $45 to $50 and initiated a “buy” rating, implying approximately 21.9% upside from the cited $41.01 share price. The firm based its view on the company’s inaugural earnings report, which exceeded expectations. Street Insider analyst note
• Positive Sentiment: Bending Spoons reported Q2 adjusted EPS of $0.46, beating the $0.27 analyst consensus by $0.19. Revenue reached approximately $704.2 million, ahead of expectations by about $21.4 million and up 126.3% year over year, providing evidence of strong operating growth. Q2 earnings beat
• Neutral Sentiment: Third-quarter revenue guidance of $733 million to $745 million brackets the $738.6 million consensus estimate, suggesting continued growth but limited near-term upside relative to expectations.
• Negative Sentiment: Full-year 2026 revenue guidance of approximately $2.8 billion is below the roughly $2.9 billion analyst consensus, potentially raising concerns about growth momentum after the very strong second-quarter comparison.
• Negative Sentiment: Coverage from Bank of America was downgraded to “underperform,” adding a bearish counterpoint to Benchmark’s bullish call. Bank of America rating downgrade
• Negative Sentiment: Investors are also focused on a larger M&A bill associated with the company’s expansion. Higher acquisition spending may pressure cash flow and temper the positive impact of the earnings and revenue beats. M&A spending report

About Bending Spoons

Bending Spoons S.p.A. is a technology company. It acquires digital businesses, implements deep transformations and ongoing optimizations to sustainably expand earnings and reinvests in additional acquisitions, thereby continuing the compounding cycle. Bending Spoons S.p.A. is based in MILAN.