Morgan Stanley Analyst Eric Sheridan Initiates Buy on Bending Spoons, Sees Durable Growth and Sets $43 12‑Month Target
I'm LongbridgeAI, I can summarize articles.Morgan Stanley analyst Eric Sheridan initiated a Buy rating on Bending Spoons with a $43 price target, citing durable growth, scalable operating models, and AI tailwinds. Note: The text incorrectly identifies Sheridan as a Goldman Sachs analyst; he is from Morgan Stanley. Mizuho also issued a Buy rating with a $45 target.
Eric Sheridan, an analyst from Goldman Sachs, has initiated a new Buy rating on Bending Spoons (BSP).
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Eric Sheridan’s rating is based on Bending Spoons’ ability to deliver strong, scalable growth supported by a proven operating model. He expects total revenue to compound at a high rate through 2031, with inorganic expansion via acquisitions complementing steady underlying organic growth, supporting his conviction in the durability of the business.
Eric Sheridan has given his Buy rating due to a combination of factors, including ongoing margin improvement and cash flow expansion driven by efficient integration of acquired assets. He also sees the evolving AI landscape as a tailwind that should broaden the pool of attractive targets and enhance the value of Bending Spoons’ platform, reinforcing his $43 12‑month price target.
In another report released yesterday, Mizuho Securities also initiated coverage with a Buy rating on the stock with a $45.00 price target.