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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.

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 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 company’s 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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