tiprankstipranks
Blurbs

Analysts Are Bullish on Top Industrial Goods Stocks: Bloom Energy (BE), Xometry (XMTR)

There’s a lot to be optimistic about in the Industrial Goods sector as 2 analysts just weighed in on Bloom Energy (BEResearch Report) and Xometry (XMTRResearch Report) with bullish sentiments.

Bloom Energy (BE)

In a report released today, Michael Blum from Wells Fargo maintained a Buy rating on Bloom Energy, with a price target of $33.00. The company’s shares closed last Wednesday at $29.30.

According to TipRanks.com, Blum is a 5-star analyst with an average return of 13.5% and a 65.9% success rate. Blum covers the Industrial Goods sector, focusing on stocks such as Cheniere Energy Partners, Ballard Power Systems, and Equitrans Midstream.

Currently, the analyst consensus on Bloom Energy is a Moderate Buy with an average price target of $27.17, implying a 5.5% upside from current levels. In a report issued on August 8, J.P. Morgan also maintained a Buy rating on the stock with a $31.00 price target.

See today’s best-performing stocks on TipRanks >>

Xometry (XMTR)

In a report released today, Matthew Hedberg from RBC Capital maintained a Buy rating on Xometry, with a price target of $60.00. The company’s shares closed last Wednesday at $49.70.

According to TipRanks.com, Hedberg has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -2.9% and a 43.5% success rate. Hedberg covers the Technology sector, focusing on stocks such as Ping Identity Holding, CrowdStrike Holdings, and Palo Alto Networks.

Xometry has an analyst consensus of Strong Buy, with a price target consensus of $59.29, implying a 37.3% upside from current levels. In a report released today, Goldman Sachs also maintained a Buy rating on the stock with a $64.00 price target.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Read More on BE:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More