Analyst Rating: Will Berkeley Lights Inc (BLI) Stock Do Better Than the Market?

Tuesday, January 10, 2023 12:09 PM | InvestorsObserver Analysts

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Analyst Rating: Will Berkeley Lights Inc (BLI) Stock Do Better Than the Market?

Wall Street is positive on Berkeley Lights Inc (BLI). On average, analysts give BLI a Buy rating. The average price target is $7.666, which means analysts expect the stock to rise by 239.20% over the next twelve months. That average ranking earns BLI an Analyst Rating of 14, which is better than 14% of stocks based on data compiled by InvestorsObserver.

Wall Street analysts are rating BLI a Buy today. Find out what this means to you and get the rest of the rankings on BLI!

See Full BLI Report

Why are Analyst Ratings Important?

You can learn a lot about a company from looking at it’s financial statements and comparing them to other companies. Analysts who cover an industry in depth can add even more to your research though. They typically follow a particular sector or industry very closely. They also pay attention to and ask questions on earnings conference calls and other events where they might learn information that does show up in the numbers. InvestorsObserver takes the average rating from these analysts, and then percentile ranks those averages. This lets you compare stocks in a much more granular way than just seeing the typical five-tiered rating system used on most of Wall Street.

What's Happening With Berkeley Lights Inc Stock Today?

Berkeley Lights Inc (BLI) stock is down -14.72% while the S&P 500 is up 0.01% as of 12:01 PM on Tuesday, Jan 10. BLI is down -$0.39 from the previous closing price of $2.65 on volume of 642,472 shares. Over the past year the S&P 500 is down -16.65% while BLI is down -77.47%. BLI lost -$1.27 per share the over the last 12 months. Click Here to get the full Stock Report for Berkeley Lights Inc stock.