Array Technologies, Inc. (ARRY)
NASDAQ: ARRY · Real-Time Price · USD
6.37
+0.27 (4.43%)
At close: Nov 20, 2024, 4:00 PM
6.38
+0.01 (0.16%)
Pre-market: Nov 21, 2024, 5:41 AM EST
Array Technologies Stock Forecast
Stock Price Forecast
The 20 analysts with 12-month price forecasts for Array Technologies stock have an average target of 13.03, with a low estimate of 6.00 and a high estimate of 29. The average target predicts an increase of 104.55% from the current stock price of 6.37.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for ARRY stock from 23 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 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 4 | 5 | 5 | 6 | 6 | 5 |
| Buy | 6 | 7 | 7 | 7 | 7 | 7 |
| Hold | 7 | 7 | 9 | 9 | 9 | 10 |
| Sell | 2 | 2 | 2 | 2 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 19 | 21 | 23 | 24 | 23 | 23 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Susquehanna | Susquehanna | Buy Maintains $10 → $9 | Buy | Maintains | $10 → $9 | +41.29% | Nov 12, 2024 |
| UBS | UBS | Strong Buy Maintains $16 → $10 | Strong Buy | Maintains | $16 → $10 | +56.99% | Nov 8, 2024 |
| Roth MKM | Roth MKM | Hold Maintains $7 → $6 | Hold | Maintains | $7 → $6 | -5.81% | Nov 8, 2024 |
| JP Morgan | JP Morgan | Buy Maintains $20 → $15 | Buy | Maintains | $20 → $15 | +135.48% | Nov 8, 2024 |
| Oppenheimer | Oppenheimer | Buy Maintains $17 → $14 | Buy | Maintains | $17 → $14 | +119.78% | Nov 8, 2024 |
Financial Forecast
Revenue This Year
964.06M
from 1.58B
Decreased by -38.85%
Revenue Next Year
1.25B
from 964.06M
Increased by 29.56%
EPS This Year
0.68
from 0.56
Increased by 21.93%
EPS Next Year
0.94
from 0.68
Increased by 36.97%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 1.1B | 1.5B | 1.7B | ||
| Avg | 964.1M | 1.2B | 1.4B | ||
| Low | 882.6M | 1.0B | 1.1B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | -31.3% | 55.5% | 38.1% | ||
| Avg | -38.9% | 29.6% | 13.4% | ||
| Low | -44.0% | 4.8% | -9.1% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 1.13 | 1.42 | 1.69 | ||
| Avg | 0.68 | 0.94 | 1.12 | ||
| Low | 0.59 | 0.55 | 0.66 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 102.5% | 107.6% | 80.8% | ||
| Avg | 21.9% | 37.0% | 20.3% | ||
| Low | 5.0% | -19.9% | -29.8% |
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.