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Bending Spoons Under Fire | Durham News
Bank of America is sounding the alarm on Bending Spoons, warning that its stock is overvalued based on unrealistic acquisition expectations. Analyst Omar Dessouky downgraded the company, noting investors are pricing in $18 billion in future deals with 35% returns — far beyond Bending Spoons’ typical 25% target. With $4 billion in debt and limited cash flow, the company struggles to fund such ambitions, even as it shifts toward SaaS. While headline growth looks strong, most comes from acquisitions, not organic expansion. The real question: can they keep buying, financing, and hitting those…
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