Array Technologies, Inc. (ARRY)
NASDAQ: ARRY · Real-Time Price · USD
5.08
-0.03 (-0.59%)
At close: Mar 28, 2025, 4:00 PM
5.04
-0.04 (-0.79%)
After-hours: Mar 28, 2025, 7:42 PM EDT

Array Technologies Stock Forecast

Stock Price Forecast

The 19 analysts with 12-month price forecasts for Array Technologies stock have an average target of 9.87, with a low estimate of 6.00 and a high estimate of 17. The average target predicts an increase of 94.29% from the current stock price of 5.08.

Analyst Consensus: Buy
Target Low Average Median High
Price $6.00 $9.87 $9.00 $17
Change +18.11% +94.29% +77.17% +234.65%

Analyst Ratings

The average analyst rating for Array Technologies stock from 21 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 Oct '24Nov '24Dec '24Jan '25Feb '25Mar '25
Strong Buy 655555
Buy 777644
Hold 9109101212
Sell 111100
Strong Sell 000000
Total 232322222121

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
RBC Capital
RBC Capital
Hold
Initiates
$7
Hold Initiates $7 +37.80% Mar 17, 2025
Barclays
Barclays
Buy
Maintains
$9$8
Buy Maintains $9$8 +57.48% Mar 6, 2025
UBS
UBS
Strong Buy
Maintains
$10$7
Strong Buy Maintains $10$7 +37.80% Mar 4, 2025
Susquehanna
Susquehanna
Hold
Maintains
$7$6
Hold Maintains $7$6 +18.11% Mar 3, 2025
Truist Securities
Truist Securities
Strong Buy
Reiterates
$10$8
Strong Buy Reiterates $10$8 +57.48% Mar 3, 2025
More Analyst Ratings

Financial Forecast

Revenue This Year
1.12B
from 915.81M
Increased by 22.51%
Revenue Next Year
1.25B
from 1.12B
Increased by 11.68%
EPS This Year
0.81
from -1.95
EPS Next Year
0.95
from 0.81
Increased by 18.04%
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
872.66M853.32M1.64B1.58B915.81M1.12B1.25B1.42B
Revenue Growth
34.69%-2.22%91.90%-3.73%-41.91%22.51%11.68%13.49%
EPS
0.49-0.51-0.290.56-1.950.810.951.14
EPS Growth
47.37%-----18.04%19.80%
Forward PE
-----6.305.344.45
No. Analysts -----26237
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20252026202720282029
High 1.2B 1.4B 1.6B
Avg 1.1B 1.3B 1.4B
Low 988.5M 1.0B 1.3B

Revenue Growth

Revenue Growth 20252026202720282029
High
34.7%
23.3%
24.3%
Avg
22.5%
11.7%
13.5%
Low
7.9%
-7.5%
2.0%

EPS Forecast

EPS 20252026202720282029
High 1.29 1.58 1.69
Avg 0.81 0.95 1.14
Low 0.52 0.58 0.91

EPS Growth

EPS Growth 20252026202720282029
High -
95.3%
77.6%
Avg -
18.0%
19.8%
Low -
-28.5%
-4.3%
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.