Jefferies Lifts Bloom Energy (BE) Target to $92 Amid Stronger 2026 Forecast, Keeps Underperform

Bloom Energy Corporation (NYSE:BE) is one of the AI Stocks in Focus on Wall Street. On January 26, Jefferies analyst Dushyant Ailani raised the price target on the stock to $92.00 (from $53.00) while maintaining an Underperform rating. The firm raised its 2026 revenue estimates but warned that peak valuations leave no room for error.

Investors are advised to focus on execution risks and high expectations. According to the firm, the raised BE 2026 estimates are driven by Bloom’s AEP and Quanta orders. It anticipates 2026 revenue to reach $2.9 billion, 16% higher than consensus estimates.

The firm believes that expectations remain very high ahead of BE’s quarterly report, with investors hoping on news related to capacity expansions beyond what has already been announced.

Jefferies also noted that even though macroeconomic factors stand strong behind the company, investors should look for confidence in out-year deployments and management clarity.  The firm also expects market focus to transition from macro tailwinds to execution.

Bloom Energy’s peak valuations leave little room for error, Jefferies added. This likely explains the maintained Underperform rating despite the higher price target.

Bloom Energy Corporation (NYSE:BE) develops solid-oxide fuel cell systems for on-site power generation, helping meet the growing energy demands of AI data centers.

While we acknowledge the potential of BE as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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