Array Technologies, Inc. (ARRY)
NASDAQ: ARRY · Real-Time Price · USD
5.63
+0.29 (5.43%)
At close: Dec 20, 2024, 4:00 PM
5.80
+0.17 (3.02%)
After-hours: Dec 20, 2024, 6:26 PM 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 12.61, with a low estimate of 6.00 and a high estimate of 29. The average target predicts an increase of 123.98% from the current stock price of 5.63.

Analyst Consensus: Buy
Target Low Average Median High
Price $6.00 $12.61 $11 $29
Change +6.57% +123.98% +95.38% +415.10%

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 Jul '24Aug '24Sep '24Oct '24Nov '24Dec '24
Strong Buy 556655
Buy 777777
Hold 7999109
Sell 222111
Strong Sell 000000
Total 212324232322

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Goldman Sachs
Goldman Sachs
Strong Buy
Maintains
$12$11
Strong Buy Maintains $12$11 +95.38% Dec 17, 2024
Susquehanna
Susquehanna
Buy
Maintains
$10$9
Buy Maintains $10$9 +59.86% Nov 12, 2024
UBS
UBS
Strong Buy
Maintains
$16$10
Strong Buy Maintains $16$10 +77.62% Nov 8, 2024
Roth MKM
Roth MKM
Hold
Maintains
$7$6
Hold Maintains $7$6 +6.57% Nov 8, 2024
JP Morgan
JP Morgan
Buy
Maintains
$20$15
Buy Maintains $20$15 +166.43% Nov 8, 2024
More Analyst Ratings

Financial Forecast

Revenue This Year
928.89M
from 1.58B
Decreased by -41.08%
Revenue Next Year
1.16B
from 928.89M
Increased by 24.77%
EPS This Year
0.62
from 0.56
Increased by 11.31%
EPS Next Year
0.82
from 0.62
Increased by 31.33%
Fiscal Year FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026
Period Ending Dec 31, 2019 Dec 31, 2020 Dec 31, 2021 Dec 31, 2022 Dec 31, 2023 Dec 31, 2024 Dec 31, 2025 Dec 31, 2026
Revenue
647.90M872.66M853.32M1.64B1.58B928.89M1.16B1.30B
Revenue Growth
122.81%34.69%-2.22%91.90%-3.72%-41.08%24.77%12.08%
EPS
0.330.49-0.51-0.290.560.620.820.97
EPS Growth
-47.37%---11.31%31.33%17.88%
Forward PE
-----9.036.885.83
No. Analysts -----272723
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 202420252026202720282029
High 989.3M 1.4B 1.7B
Avg 928.9M 1.2B 1.3B
Low 877.0M 969.2M 1.0B

Revenue Growth

Revenue Growth 202420252026202720282029
High
-37.2%
50.9%
43.3%
Avg
-41.1%
24.8%
12.1%
Low
-44.4%
4.3%
-10.4%

EPS Forecast

EPS 202420252026202720282029
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 202420252026202720282029
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.