Bending Spoons is trading at $32.66 (4.1% down) following a wave of mixed analyst initiations after the expiration of its post-IPO quiet period.
- Wall Street sentiment is divided, with bullish calls from Goldman Sachs and Wells Fargo offset by more cautious Hold ratings from Bank of America, Jefferies, and Evercore ISI.
- While Benchmark issued a Buy rating with a $45 price target, the firm highlighted an extremely high P/E ratio and weak profitability metrics, likely triggering today's profit-taking.