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What analysts are saying about shares in Blue Prism

16th Oct by Michael Green

Analysts have been under intense pressure in recent months as they try to make sense of the impact of Covid-19 on companies like Blue Prism (LON:PRSM).

As one of just 200 shares in the UK market valued at more than £1.0 billion (its market cap is £1,271m)Blue Prism is well covered by analysts who will know better than most how the economic conditions will affect it. 

So how have the shares performed over the past year?

On a 12 month basis, the Blue Prism share price has seen an absolute move of 49.0%. On a relative basis - which take into account the movement of the wider market - the shares have moved by 77.3% over the past year and by 12.8% over the past six months.

But what now?

GET MORE DATA-DRIVEN INSIGHTS INTO LON:PRSM »

Do analysts rate it as a buy, sell or hold?

Regardless of recent performance, the main question is what the future holds. In uncertain economic conditions, it's often difficult to get an accurate view. The good news is that analysts generally have a solid understanding of the market's biggest businesses, so they are well-placed to make predictions. That shows up in their Buy, Hold and Sell recommendations.

Among the analysts covering Blue Prism, there are currently:

  • 4 Buy recommendations
  • 2 Hold recommendations
  • 1 Sell recommendations

With this kind of information, it's possible to start forming a view about the outlook for any share. A combination of recent price performance and analyst recommendations gives you a flavour of whether the market is expecting a bright future - or whether there are causes for concern.

It's also worth looking at the profile of the stock to understand whether it has strong positive exposure to important factors like Quality, Value and Momentum. On that basis, Stockopedia currently classifies Blue Prism as a momentum trap. You can read more about what that means here.

What does this mean for potential investors?

Blue Prism is one of the most closely watched shares in the market. But while price trends and broker recommendations can give you an idea about the sentiment around a stock, they can't tell you everything. 

To get a better understanding of the overall investment case, it's worth doing some investigation yourself. Indeed, we've identified some areas of concern with Blue Prism that you can find out about here.

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