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
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 '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 | Dec '24 |
---|---|---|---|---|---|---|
Strong Buy | 5 | 5 | 6 | 6 | 5 | 5 |
Buy | 7 | 7 | 7 | 7 | 7 | 7 |
Hold | 7 | 9 | 9 | 9 | 10 | 9 |
Sell | 2 | 2 | 2 | 1 | 1 | 1 |
Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
Total | 21 | 23 | 24 | 23 | 23 | 22 |
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 |
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%
Revenue Forecast
Revenue | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
---|---|---|---|---|---|---|
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 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
---|---|---|---|---|---|---|
High | -37.2% | 50.9% | 43.3% | |||
Avg | -41.1% | 24.8% | 12.1% | |||
Low | -44.4% | 4.3% | -10.4% |
EPS Forecast
EPS | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
---|---|---|---|---|---|---|
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 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
---|---|---|---|---|---|---|
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.