What is Wall Street’s target price for Berkshire Gray Inc (BGRY) stock on Thursday?

Analysts who track Berkshire Gray Inc (BGRY) on average expect it to add 215.32% over the next twelve months. These same analysts give the stock an average buy rating. This average rating earns BGRY an analyst rating of 32, meaning it ranks above 32 of stocks, based on data compiled by InvestorsObserver.

Wall Street analysts rate BGRY as a buy today. Find out what this means to you and get the rest of the leaderboard on BGRY!

Why are analyst ratings important?

Analysts know better than anyone the inner workings of the companies they follow, with the exception of the management of the companies. You can tell a lot about a company by studying the financial statements, but analysts ask questions on conference calls and understand the intricacies of each of the businesses they cover. Analysts understand how bad weather in any part of the world can disrupt supply chains or disrupt shopping habits. This allows traders to make decisions before a quarterly report that could be worse than expected.

InvestorsObserver aggregates the ratings of all analysts covering a given security, takes the average of these ratings, and then ranks the averages into percentiles. This provides a much better level of granularity than the three levels provided by traditional buy/hold/sell notations.

What’s going on with Berkshire Gray Inc stock today?

Berkshire Gray Inc (BGRY) stock is trading at $2.22 at 11:40 a.m. Thursday, August 25, up $0.01, or 0.68% from the previous closing price of 2.20 $. The stock has traded between $2.19 and $2.31 so far today. Today the volume is low. So far, 334,085 shares have been traded with an average volume of 1,557,178 shares. Click here for the full Berkshire Gray Inc stock report.

Stay in the know

Subscribe to our daily morning update newsletter and never miss market news, moves and more.

Thank you for signing up! You are ready to receive the Morning Update newsletter

Eleanor C. William