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

Tuesday, October 04, 2022 12:14 PM | InvestorsObserver Analysts

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

Analysts who follow Berkeley Lights Inc (BLI) on average expect it to rise 404.66% over the next twelve months. Those same analysts give the stock an average rating of Buy. That average rating earns Berkeley Lights Inc an Analyst Ranking of 16, which means it ranks higher than 16 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?

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 $3.22 as of 12:12 PM on Tuesday, Oct 4, an increase of $0.30, or 10.27% from the previous closing price of $2.92. The stock has traded between $3.02 and $3.25 so far today. Volume today is below average. So far 226,557 shares have traded compared to average volume of 545,342 shares. Click Here to get the full Stock Report for Berkeley Lights Inc stock.