Benefitfocus Stock Forecast NASDAQ:BNFT

Price Target and Analyst Ratings

Most Recent Rating

The last rating was given by The Goldman Sachs Group on June 03, 2021. The price target was set to $13.00.

Last 30 Days

Historical Ratings

Date	Rating	Action	Authority	Current Price	Target Price
2021-06-03	Neutral - Sell	Downgraded by	The Goldman Sachs Group	$13.83	$13.00
2021-05-05	Overweight	Target Raised by	Piper Sandler	$14.09	$16.00 → $17.00
2021-05-05	Overweight	Reiterated by	Piper Sandler	$14.09	$16.00 → $17.00
2021-03-09	Overweight	Target Lowered by	Piper Sandler	$13.72	$20.00 → $16.00
2021-03-09	Overweight	Reiterated by	Piper Sandler	$13.72	$20.00 → $16.00
2021-01-27	Overweight	Target Lowered by	Piper Sandler	$12.36	$29.00 → $20.00
2021-01-21	Outperform - Market Perform	Downgraded by	Raymond James	$13.81
2020-11-06	Overweight - Neutral	Downgraded by	Cantor Fitzgerald	$10.08	$20.00 → $12.00
2020-08-24	Buy	Reiterated by	Raymond James	$10.06
2020-08-06	Overweight	Target Raised by	Piper Sandler	$12.44	$26.00 → $30.00
2020-06-29		Target Raised by	Goldman Sachs Group	$10.68	$11.00 → $12.00
2020-05-07	Overweight	Target Lowered by	Wells Fargo & Co	$11.35	$29.00 → $25.00
2020-05-07		Target Lowered by	Piper Sandler	$11.35	$35.00 → $26.00

BNFT Stock Trend

The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $11.61 will firstly indicate a slower falling rate, but may be the first sign of a trend shift.

Given the current short-term trend, the stock is expected to fall -19.35% during the next 3 months and, with a 90% probability hold a price between $8.47 and $9.36 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

WARNING: Trend forecast is still in the development phase and should be used with caution. Some cases might produce unexpected results such as negative prices at the end of the trend.

Data

Date	Bottom	Mid	Top
2021-09-30	$10.45	$11.01	$11.56
2021-10-01	$10.41	$10.96	$11.52
2021-10-04	$10.37	$10.92	$11.47
2021-10-05	$10.32	$10.87	$11.43
2021-10-06	$10.28	$10.83	$11.38
2021-10-07	$10.23	$10.79	$11.34
2021-10-08	$10.19	$10.74	$11.30
2021-10-11	$10.14	$10.70	$11.25
2021-10-12	$10.10	$10.65	$11.21
2021-10-13	$10.06	$10.61	$11.16
2021-10-14	$10.01	$10.57	$11.12
2021-10-15	$9.97	$10.52	$11.07
2021-10-18	$9.92	$10.48	$11.03
2021-10-19	$9.88	$10.43	$10.99
2021-10-20	$9.83	$10.39	$10.94
2021-10-21	$9.79	$10.34	$10.90
2021-10-22	$9.75	$10.30	$10.85
2021-10-25	$9.70	$10.26	$10.81
2021-10-26	$9.66	$10.21	$10.77
2021-10-27	$9.61	$10.17	$10.72
2021-10-28	$9.57	$10.12	$10.68
2021-10-29	$9.53	$10.08	$10.63
2021-11-01	$9.48	$10.03	$10.59
2021-11-02	$9.44	$9.99	$10.54
2021-11-03	$9.39	$9.95	$10.50
2021-11-04	$9.35	$9.90	$10.46
2021-11-05	$9.30	$9.86	$10.41
2021-11-08	$9.26	$9.81	$10.37
2021-11-09	$9.22	$9.77	$10.32
2021-11-10	$9.17	$9.73	$10.28

About Benefitfocus

Benefitfocus, Inc. provides cloud-based benefits management platform for consumers, employers, insurance carriers, and brokers in the United States. It operates through Employer and Carrier segments. The companys products for insurance carriers include Marketplace, an online shopping environment; eEnrollment that provides online enrollment for benefits; eBilling, an electronic invoice presentment and payment solution; eExchange, a solution for ... Read more

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