Do Analysts Agree Friday on Berkeley Lights Inc (BLI) Stock's Target Price?

Friday, March 03, 2023 02:54 PM | InvestorsObserver Analysts

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Do Analysts Agree Friday on Berkeley Lights Inc (BLI) Stock's Target Price?

InvestorsObserver is giving Berkeley Lights Inc (BLI) an Analyst Rating Rank of 14, meaning BLI is ranked higher by analysts than 14% of stocks. The average price target for BLI is $7.5 and analyst’s rate the stock as a Buy.

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?

Though analyst projections should not be your only resource when determining your position on a stock, it can be a very useful tool. Analysts follow sectors/industries in-depth and tend to know how local and global conditions tend to affect demand and prices. Many analysts even participate in conference calls where they can get information to better make sense of the numbers. InvestorsObserver averages the ratings provided by analysts and then ranks their score as a percent against the market. This allows you to compare stocks in a more comprehensive fashion than with the typical buy/sell/hold ranking.

What's Happening With Berkeley Lights Inc Stock Today?

Berkeley Lights Inc (BLI) stock is trading at $1.79 as of 2:47 PM on Friday, Mar 3, an increase of $0.01, or 0.56% from the previous closing price of $1.78. The stock has traded between $1.74 and $1.90 so far today. Volume today is light. So far 437,015 shares have traded compared to average volume of 804,690 shares. Click Here to get the full Stock Report for Berkeley Lights Inc stock.