RBC Capital Lifts Bloom Energy (BE) Target to $123 on Strong Long-Term Outlook

Bloom Energy Corporation (NYSE:BE) is one of the AI Stocks Making Moves on Wall Street. On October 20, RBC Capital analyst Christopher Dendrinos raised the price target on the stock to $123.00 (from $75.00) while keeping an “Outperform” rating. The firm cited stronger confidence in Bloom’s long-term opportunity behind the price target raise. RBC particularly discussed its behind-the-meter (BTM) datacenter market, which it believes is still in early development stages. Bloom’s strong revenue growth of 22.7 ...