Why is Bending Spoons stock climbing today?

Bending Spoons stock experienced a 3.1% increase in pre-market trading on August 10 after Mizuho upgraded its price target for the company. The financial institution raised the target from $45.00 to $72.28, maintaining an Outperform rating. Mizuho's revision was driven by peer group multiple expansion and Bending Spoons' ongoing M&A opportunities.

A bullish scenario was projected, estimating the stock could reach $95 per share based on 20 times adjusted EBITDA, much higher than the current consensus. With the company's Q2 2026 earnings expected to be released on August 13 ahead of the U.S. market open, investor positioning ahead of the announcement further fueled bullish momentum.

Additionally, Bending Spoons is set to close its $1.29 billion all-cash acquisition of Airtable around September 1, contributing to a heightened deal-driven sentiment surrounding the stock. The stock had already risen significantly from its 52-week low of $30.11. The broader market provided a slight boost, with the NASDAQ gaining 0.3% and the S&P 500 adding 0.1%.

In the software sector, volatility has been high as investors grapple with AI's disruptive impact, but Bending Spoons' 'acquire-and-optimize' model has been seen as a robust alternative to pure-play SaaS peers. With a high-conviction analyst revision significantly boosting the price ceiling, pre-earnings positioning, and a supportive macro environment, Bending Spoons reached a session high of $58.18, a new 52-week peak, before settling at $53.03 in pre-market activity.