Array Technologies, Inc. (ARRY)

Array Technologies Stock Forecast

Stock Price Forecast

According to 20 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 analyst price target of $9.90 forecasts a 50.46% increase in the stock price over the next year.

Price Target: $9.90 (+50.46%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$5.00	$9.90	$9.00	$17
Change	-24.01%	+50.46%	+36.78%	+158.36%

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	6
Buy	7	6	4	4	4	4
Hold	9	10	12	12	12	11
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
Julien Dumoulin-Smith Jefferies	Jefferies	Strong Buy Maintains $7 → $10	Strong Buy	Maintains	$7 → $10	+51.98%	May 20, 2025
Brian Lee Goldman Sachs	Goldman Sachs	Strong Buy Maintains $9 → $11	Strong Buy	Maintains	$9 → $11	+67.17%	May 19, 2025
Joseph Osha Guggenheim	Guggenheim	Strong Buy Maintains $10 → $12	Strong Buy	Maintains	$10 → $12	+82.37%	May 16, 2025
Jon Windham UBS	UBS	Strong Buy Maintains $7 → $8.5	Strong Buy	Maintains	$7 → $8.5	+29.18%	May 8, 2025
Philip Shen Roth MKM	Roth MKM	Hold Maintains $6 → $5	Hold	Maintains	$6 → $5	-24.01%	May 2, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

1.13B

Increased by 23.72%

from 915.81M

Revenue Next Year

1.26B

Increased by 10.77%

from 1.13B

EPS This Year

0.64

from -1.95

EPS Next Year

0.79

Increased by 23.84%

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	1.37B
Revenue Growth	34.69%	-2.22%	91.90%	-3.73%	-41.91%	23.72%	10.77%	8.84%
EPS	0.49	-0.51	-0.29	0.56	-1.95	0.64	0.79	0.88
EPS Growth	47.37%	-	-	-	-	-	23.84%	10.86%
Forward PE	-	-	-	-	-	10.27	8.29	7.48
No. Analysts	-	-	-	-	-	29	29	17

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%	20.9%	22.9%
Avg	23.7%	10.8%	8.8%
Low	12.5%	-5.0%	-15.0%

EPS Forecast

EPS	2025	2026	2027	2028	2029
High	0.70	1.06	1.30
Avg	0.64	0.79	0.88
Low	0.56	0.46	0.41

EPS Growth

EPS Growth	2025	2026	2027	2028	2029
High	-	65.5%	64.0%
Avg	-	23.8%	10.9%
Low	-	-28.4%	-47.9%

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.