Bending Spoons (NASDAQ:BSP) Cut to Underperform at Bank of America

Bank of America cut shares of Bending Spoons (NASDAQ:BSP) from a neutral rating to an underperform rating in a report released on Wednesday, Marketbeat.com reports. The firm currently has $39.00 price objective on the stock.

Other equities analysts have also issued reports about the company. Sanford C. Bernstein began coverage on Bending Spoons in a report on Monday, July 27th. They issued an “outperform” rating and a $40.00 target price for the company. Benchmark started coverage on Bending Spoons in a research note on Monday, July 27th. They issued a “buy” rating and a $45.00 price objective for the company. Mizuho set a $72.00 price objective on shares of Bending Spoons in a research report on Tuesday. Evercore initiated coverage on shares of Bending Spoons in a research note on Monday, July 27th. They set a “hold” rating and a $36.00 price target for the company. Finally, Wells Fargo & Company started coverage on Bending Spoons in a research note on Monday, July 27th. They issued an “overweight” rating and a $45.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Bending Spoons has an average rating of “Moderate Buy” and an average target price of $44.80.

Bending Spoons Stock Down 3.9%

Shares of BSP opened at $39.31 on Wednesday. Bending Spoons has a 12 month low of $30.11 and a 12 month high of $58.94.

Bending Spoons (NASDAQ:BSP) last issued its earnings results on Thursday, August 13th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.27 by $0.19. The firm had revenue of $704.15 million during the quarter. Bending Spoons’s quarterly revenue was up 126.3% compared to the same quarter last year. Analysts expect that Bending Spoons will post 1.27 earnings per share for the current fiscal year.

Bending Spoons News Summary

Here are the key news stories impacting Bending Spoons this week:

• Positive Sentiment: Bending Spoons reported Q2 2026 adjusted EPS of $0.46, exceeding the $0.27 analyst consensus by $0.19. Revenue reached approximately $704 million, up 126.3% year over year and above expectations by about $21 million. Bending Spoons Q2 earnings report
• Positive Sentiment: Benchmark raised its price target from $45 to $50 and maintained a “buy” rating, implying substantial upside. The firm cited the inaugural earnings and revenue beat. Benchmark price-target increase
• Neutral Sentiment: Third-quarter revenue guidance of $733 million to $745 million brackets the $738.6 million consensus estimate, suggesting continued growth but limited near-term upside relative to expectations. Full-year revenue guidance of approximately $2.8 billion is below the $2.9 billion consensus forecast. Bending Spoons Q2 results
• Neutral Sentiment: Management’s earnings call focused on the company’s rapid expansion and acquisition strategy, which is driving strong reported growth but also increasing the financial burden of mergers and acquisitions. Bending Spoons Q2 earnings call transcript
• Negative Sentiment: JPMorgan raised its target from $35 to $38 but kept a “neutral” rating, while Bank of America downgraded the stock to “underperform.” These cautious views indicate concerns about valuation, execution or the sustainability of acquisition-led growth. JPMorgan analyst action Bank of America downgrade

About Bending Spoons

Bending Spoons S.p.A. is a technology company. It acquires digital businesses, implements deep transformations and ongoing optimizations to sustainably expand earnings and reinvests in additional acquisitions, thereby continuing the compounding cycle. Bending Spoons S.p.A. is based in MILAN.