Array Technologies, Inc. (ARRY)
NASDAQ: ARRY · Real-Time Price · USD
5.95
+0.45 (8.18%)
At close: May 9, 2025, 4:00 PM
5.96
+0.01 (0.17%)
After-hours: May 9, 2025, 7:57 PM EDT
Array Technologies Stock Forecast
Stock Price Forecast
According to 19 professional analysts, the 12-month price target for Array Technologies stock ranges from a low of $5.00 to a high of $17. The average price target of $9.84 forecasts a 65.38% increase in the stock price over the next year.
Price Target: $9.84 (+65.38%)
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Array Technologies stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Dec '24 | Jan '25 | Feb '25 | Mar '25 | Apr '25 | May '25 |
|---|---|---|---|---|---|---|
| Strong Buy | 5 | 5 | 5 | 5 | 5 | 5 |
| Buy | 7 | 6 | 4 | 4 | 4 | 4 |
| Hold | 9 | 10 | 12 | 12 | 12 | 12 |
| Sell | 1 | 1 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 22 | 22 | 21 | 21 | 21 | 21 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| UBS | UBS | Strong Buy Maintains $7 → $8.5 | Strong Buy | Maintains | $7 → $8.5 | +42.86% | May 8, 2025 |
| Roth MKM | Roth MKM | Hold Maintains $6 → $5 | Hold | Maintains | $6 → $5 | -15.97% | May 2, 2025 |
| Truist Securities | Truist Securities | Strong Buy Reiterates $8 → $7 | Strong Buy | Reiterates | $8 → $7 | +17.65% | Apr 17, 2025 |
| RBC Capital | RBC Capital | Hold Initiates $7 | Hold | Initiates | $7 | +17.65% | Mar 17, 2025 |
| Barclays | Barclays | Buy Maintains $9 → $8 | Buy | Maintains | $9 → $8 | +34.45% | Mar 6, 2025 |
Financial Forecast
Revenue This Year
1.12B
from 915.81M
Increased by 21.75%
Revenue Next Year
1.25B
from 1.12B
Increased by 11.66%
EPS This Year
0.63
from -1.95
EPS Next Year
0.82
from 0.63
Increased by 29.68%
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.
Revenue Forecast
| Revenue | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 1.2B | 1.4B | 1.5B | ||
| Avg | 1.1B | 1.2B | 1.4B | ||
| Low | 996.2M | 1.1B | 1.1B |
Revenue Growth
| Revenue Growth | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 29.7% | 23.5% | 24.2% | ||
| Avg | 21.8% | 11.7% | 9.7% | ||
| Low | 8.8% | -3.1% | -14.0% |
EPS Forecast
| EPS | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 0.72 | 1.18 | 1.28 | ||
| Avg | 0.63 | 0.82 | 0.89 | ||
| Low | 0.54 | 0.50 | 0.33 |
EPS Growth
| EPS Growth | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | - | 86.3% | 55.9% | ||
| Avg | - | 29.7% | 8.8% | ||
| Low | - | -20.0% | -60.0% |
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.