Despite BNP’s weak track record and neutral rating, the 32% PT hike ahead of earnings, rising EPS estimates, and major institutional accumulation (Norges Bank) suggest asymmetric upside. Monitor short squeeze potential into earnings on April 24.
Price Chart
Executive Summary
BNP Paribas upgraded the stock to Neutral from Underperform and raised its price target 32% to $165, above the current price of $151.98. The consensus mean PT is $164.13, with 18 of 24 analysts at Buy or Strong Buy. BNP's accuracy is low at 33% (1 of 3 calls correct), well below top-tier firms like B of A Securities (100%, +17.4% avg return). EPS estimates are rising, with 14 revisions up and none down for +1q. Congressional buys and new institutional entries (Norges Bank) contrast with insider selling and a 58.1% short ratio. Earnings due in 7 days amplify signal relevance. Despite the upgrade, BNP remains below consensus on rating and has a weak track record.
Impact Score
Consensus & Targets
Of 24 analysts, 7 are Strong Buy, 11 Buy, 12 Hold, 2 Sell, and 0 Strong Sell. 75% of analysts rate it Buy or better. Consensus direction is bullish, with no downgrades in the past 30 days versus one upgrade (BNP Paribas).
Consensus mean price target is $164.13, median $167, range $123–$195. Current price is $151.98, implying 8.0% upside to the mean. BNP’s $165 PT is 0.5% above the mean and 2.9% above the median, placing it in the top quartile of targets.
Recent Analyst Activity
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| 2026-04-17 | BNP Paribas | upgrade | Neutral | $165.00 |
| 2026-04-17 | Morgan Stanley | maintain | Overweight | $171.00 |
| 2026-04-10 | TD Cowen | maintain | Buy | $172.00 |
| 2026-04-09 | JP Morgan | maintain | Overweight | $170.00 |
| 2026-04-09 | Piper Sandler | maintain | Overweight | $182.00 |
| 2026-04-09 | RBC Capital | maintain | Sector Perform | $180.00 |
| 2026-04-09 | Jefferies | maintain | Buy | $184.00 |
| 2026-04-09 | Wells Fargo | maintain | Overweight | — |
| 2026-04-08 | Wolfe Research | maintain | Outperform | $153.00 |
| 2026-04-02 | Citigroup | maintain | Neutral | $175.00 |
Over the past 30 days, there has been 1 upgrade (BNP Paribas) and 0 downgrades. EPS revisions are strongly positive: +1q has 14 revisions up and 0 down; 0y has 18 up, 1 down. EPS estimates have risen 53% from 30 days ago for +1q, signaling improving fundamentals.
Firm Track Record — BNP Paribas
BNP Paribas accuracy: 33% on 3 calls | avg return: 2.9%
Industry benchmark: mean 51% ± 11%. Top tier: ≥61% (mean + 1σ). Based on 13 firms with ≥5 scored calls.
| Firm | Accuracy | Calls | Avg Return | vs Average |
|---|---|---|---|---|
| JP Morgan | 100% | 2/2 | 4.7% | top tier |
| B of A Securities | 100% | 2/2 | 17.4% | top tier |
| HSBC | 100% | 2/2 | 3.9% | top tier |
| Piper Sandler | 86% | 6/7 | 7.8% | top tier |
| Wells Fargo | 75% | 6/8 | 5.8% | top tier |
| Barclays | 71% | 5/7 | 0.7% | top tier |
| UBS | 70% | 7/10 | 3.6% | top tier |
| Mizuho | 63% | 5/8 | 4.3% | top tier |
| Scotiabank | 50% | 3/6 | 4.9% | below average |
| Morgan Stanley | 50% | 2/4 | 5.7% | below average |
BNP Paribas has a 33% accuracy rate (1 correct out of 3 scored calls), with an average return of +2.9%, ranking among the lowest-performing firms. In contrast, B of A Securities leads with 100% accuracy (2 of 2) and +17.4% avg return; JP Morgan and HSBC also have perfect 100% records. BNP’s track record reduces confidence in this upgrade.
Earnings Estimates
Next earnings: Apr 24, 2026
| Period | EPS Est. | EPS Range | Revenue | Revisions (7d) |
|---|---|---|---|---|
| 0q | $1.27 | $0.78 — $2.54 | $85.6B | ↑1 ↓0 |
| +1q | $3.19 | $1.60 — $4.12 | $96.4B | ↑9 ↓0 |
| 0y | $9.84 | $6.34 — $12.59 | $376.2B | ↑7 ↓0 |
| +1y | $9.95 | $7.25 — $13.80 | $356.4B | ↑8 ↓0 |
Cross-Platform Signals
Congressional traders made 3 small buys in February. Insider activity is bearish: Darrin L. Talley sold over $500K in March. Institutionally, Norges Bank initiated a $7.6B position, while Two Sigma more than tripled its stake. Renaissance Technologies exited nearly entirely. Short interest is extremely high at 58.1% short ratio, suggesting intense bearish positioning ahead of earnings.
Documents Analyzed
Report based on filing metadata.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 1, 2026 1d ago | ANALYST-DOWNGRADE | $163.82 $164.01 | ▼ −0.12% | ▲ +0.62% | $164.01 (−0.12%) |
Aug 28, 2026 5w ago | 8-K | $156.71 $160.95 | ▲ +2.71% | ▲ +3.00% | $164.01 (+4.66%) |
Jul 31, 2026 9w ago | 8-K | $155.44 $155.05 | ▼ −0.25% | ▼ −1.66% | $164.01 (+5.51%) |
Jul 28, 2026 9w ago | ANALYST-DOWNGRADE | $153.04 $156.75 | ▼ −2.42% | ▼ −3.96% | $164.01 (−7.17%) |
Jul 23, 2026 10w ago | Court Ruling | $156.89 $156.94 | ▲ +0.03% | ▼ −0.07% | $164.01 (+4.54%) |
Jun 30, 2026 13w ago | Court Ruling | $136.72 $136.28 | ▼ −0.32% | ▼ −0.19% | $164.01 (+19.96%) |
Jun 23, 2026 14w ago | Court Ruling | $139.73 $136.90 | ▼ −2.03% | ▼ −1.98% | $164.01 (+17.38%) |
Jun 16, 2026 15w ago | ANALYST-UPGRADE | — | awaiting T+1 | — | — |
May 26, 2026 18w ago | DEFA14A | $148.00 $146.93 | ▼ −0.72% | ▼ −1.27% | $164.01 (+10.82%) |
May 15, 2026 20w ago | DEFA14A | $157.91 $160.46 | ▲ +1.62% | ▲ +1.68% | $164.01 (+3.87%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access