Bending Spoons received six buy ratings and four hold ratings from analysts after its IPO quiet period expired Monday. The newly public owner of AOL has outperformed SpaceX since its market debut earlier this month. Benchmark, Bernstein, Goldman Sachs, and Wells Fargo initiated with bullish calls, while Bank of America, Jefferies, and Evercore ISI took a more cautious stance.
Bending Spoons received 10 analyst ratings after its IPO quiet period expired Monday, with six buys and four holds.
Benchmark, Bernstein, and Goldman Sachs each rated the stock a buy, while Wells Fargo assigned an overweight rating, the firms said in notes Monday. Bank of America, Jefferies, and Evercore ISI initiated at hold or in-line.
The stock traded at $33.26 Monday, down 2.35% on the session. The IPO priced in late July, and shares have outperformed SpaceX since the market debut, according to Barron's.
The mixed ratings reflect debate over Bending Spoons' valuation after a strong post-IPO run. The company, which owns AOL and a portfolio of mobile applications, now faces the test of sustaining investor confidence without the quiet period's information asymmetry.
The four hold ratings suggest some analysts see limited near-term upside after the stock's initial pop. Bending Spoons' business model combines legacy internet assets with a growing mobile app studio, a hybrid structure that makes peer comparisons difficult.
The 6-4 split between buys and holds signals that institutional conviction is positive but not unanimous. Investors will watch for the company's first earnings report as a public company for clarity on revenue growth and margin trajectory.
This article is for informational purposes only and does not constitute investment advice.
