A BNP Paribas Exane analyst gave the stock a sell rating. This represents the first time someone has been bearish on the stock in two years. Predictions on the stock include the company’s capital expenditures which are predicted to be higher this year as well as predictions that inflation shocks will hurt the stock. Stefan Slowinski, BNP Paribas analyst, sees the stock reaching the price of $2,800, a decrease of 17% from the current $3,295.95 price.
Performance and predictions
The stock has been performing well in 2022 erasing this year’s losses in the last trading session in March, rallying 24% from the low point it hit in the same month. Slowinski sees the stock as underperforming its big-tech peers. The average price target analysts have on the stock is $4,144 which would represent a 27.11% increase over the current price in the next 12 months. Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
