Bytes Technology Group (BYIT) Stock Forecast & Price Target

GBX 448.60 -15.60 (-3.36%)

(As of 11/15/2024 ET)

Bytes Technology Group - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 3 Analyst Ratings

Sell
0

Hold
1

Buy
2

Based on 3 Wall Street analysts who have issued ratings for Bytes Technology Group in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 3 analysts, 1 has given a hold rating, and 2 have given a buy rating for BYIT.

Consensus Price Target

GBX 645

According to the 3 analysts' twelve-month price targets for Bytes Technology Group, the average price target is GBX 645. The highest price target for BYIT is GBX 650, while the lowest price target for BYIT is GBX 640. The average price target represents a forecasted upside of 43.78% from the current price of GBX 448.60.

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BYIT Analyst Ratings Over Time

Type	Current Forecast 11/18/23 to 11/17/24	1 Month Ago 10/19/23 to 10/18/24	3 Months Ago 8/20/23 to 8/19/24	1 Year Ago 11/18/22 to 11/18/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	2 Buy rating(s)	2 Buy rating(s)	1 Buy rating(s)	3 Buy rating(s)
Hold	1 Hold rating(s)	1 Hold rating(s)	1 Hold rating(s)	0 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	GBX 645	GBX 645	GBX 644	GBX 586
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Buy

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BYIT Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

BYIT Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Bytes Technology Group Stock vs. The Competition

Type	Bytes Technology Group	Computer and Technology Companies
Consensus Rating Score	2.67	2.67
Consensus Rating	Moderate Buy	Moderate Buy
News Sentiment Rating	Neutral News See Recent BYIT News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
10/15/2024	Berenberg Bank 2 of 5 stars	Reiterated Rating	Buy	GBX 640	+30.40%
10/15/2024	Shore Capital 1 of 5 stars	Reiterated Rating	Buy
2/22/2024	Panmure Gordon 2 of 5 stars	Initiated Coverage	Hold	GBX 650	+19.16%
9/26/2023	Peel Hunt Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy	GBX 638	+23.76%
5/24/2023	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Overweight	GBX 640	+44.14%
3/24/2023	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy	GBX 480	+28.55%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 06:37 PM ET.

BYIT Forecast - Frequently Asked Questions

: According to the research reports of 3 Wall Street equities research analysts, the average twelve-month stock price forecast for Bytes Technology Group is GBX 645, with a high forecast of GBX 650 and a low forecast of GBX 640.
: 3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Bytes Technology Group in the last twelve months. There is currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" BYIT shares.
: According to analysts, Bytes Technology Group's stock has a predicted upside of 43.78% based on their 12-month stock forecasts.
: Bytes Technology Group has been rated by research analysts at Berenberg Bank, and Shore Capital in the past 90 days.
: Analysts like Bytes Technology Group less than other "computer and technology" companies. The consensus rating score for Bytes Technology Group is 2.67 while the average consensus rating score for "computer and technology" companies is 2.67. Learn more on how BYIT compares to other companies.

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This page (LON:BYIT) was last updated on 11/17/2024 by MarketBeat.com Staff

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Bytes Technology Group (BYIT) Stock Forecast & Price Target