Array Technologies, Inc. (ARRY)
NASDAQ: ARRY · Real-Time Price · USD
7.15
-0.01 (-0.14%)
At close: Jan 17, 2025, 4:00 PM
7.02
-0.13 (-1.82%)
Pre-market: Jan 21, 2025, 4:16 AM EST
Array Technologies Stock Forecast
Stock Price Forecast
The 19 analysts with 12-month price forecasts for Array Technologies stock have an average target of 12.34, with a low estimate of 6.00 and a high estimate of 29. The average target predicts an increase of 72.59% from the current stock price of 7.15.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for ARRY stock from 22 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Aug '24 | Sep '24 | Oct '24 | Nov '24 | Dec '24 | Jan '25 |
|---|---|---|---|---|---|---|
| Strong Buy | 5 | 6 | 6 | 5 | 5 | 5 |
| Buy | 7 | 7 | 7 | 7 | 7 | 6 |
| Hold | 9 | 9 | 9 | 10 | 9 | 10 |
| Sell | 2 | 2 | 1 | 1 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 23 | 24 | 23 | 23 | 22 | 22 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Susquehanna | Susquehanna | Buy → Hold Downgrades $9 → $7 | Buy → Hold | Downgrades | $9 → $7 | -2.10% | Jan 10, 2025 |
| Wells Fargo | Wells Fargo | Hold Maintains $8 → $7 | Hold | Maintains | $8 → $7 | -2.10% | Jan 8, 2025 |
| Goldman Sachs | Goldman Sachs | Strong Buy Maintains $12 → $11 | Strong Buy | Maintains | $12 → $11 | +53.85% | Dec 17, 2024 |
| Susquehanna | Susquehanna | Buy Maintains $10 → $9 | Buy | Maintains | $10 → $9 | +25.87% | Nov 12, 2024 |
| UBS | UBS | Strong Buy Maintains $16 → $10 | Strong Buy | Maintains | $16 → $10 | +39.86% | Nov 8, 2024 |
Financial Forecast
Revenue This Year
927.46M
from 1.58B
Decreased by -41.17%
Revenue Next Year
1.15B
from 927.46M
Increased by 23.99%
EPS This Year
0.62
from 0.56
Increased by 11.31%
EPS Next Year
0.82
from 0.62
Increased by 31.33%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 962.9M | 1.4B | 1.7B | |||
| Avg | 927.5M | 1.2B | 1.3B | |||
| Low | 877.0M | 969.2M | 1.0B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | -38.9% | 51.2% | 44.4% | |||
| Avg | -41.2% | 24.0% | 12.9% | |||
| Low | -44.4% | 4.5% | -9.7% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 0.71 | 1.29 | 1.58 | |||
| Avg | 0.62 | 0.82 | 0.97 | |||
| Low | 0.57 | 0.39 | 0.51 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 27.5% | 107.2% | 92.4% | |||
| Avg | 11.3% | 31.3% | 17.9% | |||
| Low | 1.5% | -37.1% | -37.3% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.