Research analysts at Needham & Company hoisted their target price on shares of Black Diamond (NASDAQ:BDE) from $15.00 to $18.00 in a report released on Tuesday, Analyst Ratings Network.com reports. The firm currently has a “strong-buy” rating on the stock. Needham & Company’s target price points to a potential upside of 31.58% from the stock’s previous close.
Black Diamond (NASDAQ:BDE) traded down 0.22% during mid-day trading on Tuesday, hitting $13.65. 96,880 shares of the company’s stock traded hands. Black Diamond has a 52-week low of $7.55 and a 52-week high of $14.68. The stock’s 50-day moving average is $11.62 and its 200-day moving average is $10.00. The company’s market cap is $435.4 million.
BDE has been the subject of a number of other recent research reports. Analysts at Roth Capital raised their price target on shares of Black Diamond from $10.00 to $13.00 in a research note to investors on Monday. They now have a “neutral” rating on the stock. Separately, analysts at Canaccord Genuity raised their price target on shares of Black Diamond from $14.00 to $20.00 in a research note to investors on Monday. They now have a “buy” rating on the stock. Finally, analysts at Oppenheimer raised their price target on shares of Black Diamond from $11.00 to $14.00 in a research note to investors on Friday, September 20th. They now have an “outperform” rating on the stock. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Black Diamond has a consensus rating of “Buy” and a consensus price target of $16.71.
Black Diamond, Inc (NASDAQ:BDE), formerly Clarus Corporation, is engaged in designing, manufacturing and marketing outdoor performance products for climbing, mountaineering, backpacking, skiing and other outdoor recreation activities.
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