Array Technologies, Inc. (ARRY)

Array Technologies Stock Forecast

Stock Price Forecast

The 20 analysts that cover Array Technologies stock have a consensus rating of "Buy" and an average price target of $9.47, which forecasts a 36.06% increase in the stock price over the next year. The lowest target is $5 and the highest is $14.

Price Target: $9.47 (+36.06%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$5.00	$9.47	$9.00	$14
Change	-28.16%	+36.06%	+29.31%	+101.15%

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	Jan '25	Feb '25	Mar '25	Apr '25	May '25	Jun '25
Strong Buy	5	5	5	5	6	6
Buy	6	4	4	4	4	4
Hold	10	12	12	12	11	10
Sell	1	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	22	21	21	21	21	20

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Maheep Mandloi Mizuho	Mizuho	Hold Reiterates $9	Hold	Reiterates	$9	+29.31%	Jun 27, 2025
Maheep Mandloi Mizuho	Mizuho	Hold Maintains $8 → $9	Hold	Maintains	$8 → $9	+29.31%	Jun 20, 2025
Paul Coster JP Morgan	JP Morgan	Buy Maintains $12 → $13	Buy	Maintains	$12 → $13	+86.78%	Jun 20, 2025
Michael Blum Wells Fargo	Wells Fargo	Hold Maintains $7 → $8	Hold	Maintains	$7 → $8	+14.94%	Jun 20, 2025
Julien Dumoulin-Smith Jefferies	Jefferies	Strong Buy Maintains $7 → $10	Strong Buy	Maintains	$7 → $10	+43.68%	May 20, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

1.13B

Increased by 23.50%

from 915.81M

Revenue Next Year

1.26B

Increased by 11.23%

from 1.13B

EPS This Year

0.64

from -1.95

EPS Next Year

0.81

Increased by 26.54%

from 0.64

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	872.66M	853.32M	1.64B	1.58B	915.81M	1.13B	1.26B	1.38B
Revenue Growth	34.69%	-2.22%	91.90%	-3.73%	-41.91%	23.50%	11.23%	9.54%
EPS	0.49	-0.51	-0.29	0.56	-1.95	0.64	0.81	0.89
EPS Growth	47.37%	-	-	-	-	-	26.54%	9.36%
Forward PE	-	-	-	-	-	10.86	8.58	7.85
No. Analysts	-	-	-	-	-	27	27	16

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	1.3B	1.4B
Low	1.0B	1.1B	1.1B

Revenue Growth

Revenue Growth	2025	2026	2027	2028	2029
High	33.5%	21.5%	22.6%
Avg	23.5%	11.2%	9.5%
Low	12.5%	-4.9%	-15.2%

EPS Forecast

EPS	2025	2026	2027	2028	2029
High	0.71	1.06	1.30
Avg	0.64	0.81	0.89
Low	0.56	0.46	0.41

EPS Growth

EPS Growth	2025	2026	2027	2028	2029
High	-	65.5%	60.6%
Avg	-	26.5%	9.4%
Low	-	-28.4%	-49.0%

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.