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What is Wall Street's Target Price for Ballard Power Systems Inc (BLDP) Stock Friday?

Friday, May 13, 2022 01:38 PM | InvestorsObserver Analysts
What is Wall Street's Target Price for Ballard Power Systems Inc (BLDP) Stock Friday?

Wall Street is positive on Ballard Power Systems Inc (BLDP). On average, analysts give the stock a Buy rating. The average price target is $14.291, which means analysts expect the stock to rise by 107.42% over the next twelve months. That average ranking earns the stock an Analyst Rating of 17, which is better than 17% of stocks based on data compiled by InvestorsObserver.

Overall Score - 3.5
Wall Street analysts are rating BLDP a Buy today. Find out what this means to you and get the rest of the rankings on BLDP!

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 Ballard Power Systems Inc Stock Today?

Ballard Power Systems Inc (BLDP) stock is trading at $6.89 as of 1:37 PM on Friday, May 13, a rise of $0.62, or 9.89% from the previous closing price of $6.27. The stock has traded between $6.51 and $7.03 so far today. Volume today is 4,160,327 compared to average volume of 4,023,570. Click Here to get the full Stock Report for Ballard Power Systems Inc stock.

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