Bending Spoons initiated with a Hold at Jefferies

Jefferies analyst James Heaney initiated coverage of Bending Spoons (BSP) with a Hold rating and $38 price target The company has a proven track record of acquisitions that have consistently driven revenue and cost improvements, the analyst tells investors in a research note. However, Jefferies finds it difficult to see share upside, saying 50% of its fiscal 2028 operating income estimate is already attributable to acquisitions despite limited visibility into Bending’s future deal pipeline.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

See the top stocks recommended by analysts >>

Bending Spoons initiated with a Hold at Jefferies

Other newsrooms on this story

Related reading

Bending Spoons initiated with an In Line at Evercore ISI

J.P. Morgan Sticks to Their Hold Rating for Brambles (BMBLF)

UBS Keeps Their Hold Rating on BHP Group Ltd (BHPLF)

Balfour Beatty (BBY) Receives a Buy from Jefferies

Palmer Square Capital BDC Inc. (PSBD) Receives a New Rating from J.P. Morgan

Bowhead Specialty Holdings Inc. (BOW) Receives a Hold from J.P. Morgan