Array Technologies, Inc. (ARRY)
NASDAQ: ARRY · Real-Time Price · USD
6.59
-0.31 (-4.49%)
At close: Feb 21, 2025, 4:00 PM
6.57
-0.02 (-0.30%)
After-hours: Feb 21, 2025, 6:44 PM 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 12.18, with a low estimate of 6.00 and a high estimate of 29. The average target predicts an increase of 84.83% from the current stock price of 6.59.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Array Technologies 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 | Sep '24 | Oct '24 | Nov '24 | Dec '24 | Jan '25 | Feb '25 |
|---|---|---|---|---|---|---|
| Strong Buy | 6 | 6 | 5 | 5 | 5 | 5 |
| Buy | 7 | 7 | 7 | 7 | 6 | 6 |
| Hold | 9 | 9 | 10 | 9 | 10 | 11 |
| Sell | 2 | 1 | 1 | 1 | 1 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 24 | 23 | 23 | 22 | 22 | 22 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Exane BNP Paribas | Exane BNP Paribas | Sell → Hold Upgrades $9 | Sell → Hold | Upgrades | $9 | +36.57% | Feb 6, 2025 |
| Susquehanna | Susquehanna | Buy → Hold Downgrades $9 → $7 | Buy → Hold | Downgrades | $9 → $7 | +6.22% | Jan 10, 2025 |
| Wells Fargo | Wells Fargo | Hold Maintains $8 → $7 | Hold | Maintains | $8 → $7 | +6.22% | Jan 8, 2025 |
| Goldman Sachs | Goldman Sachs | Strong Buy Maintains $12 → $11 | Strong Buy | Maintains | $12 → $11 | +66.92% | Dec 17, 2024 |
| Susquehanna | Susquehanna | Buy Maintains $10 → $9 | Buy | Maintains | $10 → $9 | +36.57% | Nov 12, 2024 |
Financial Forecast
Revenue This Year
927.32M
from 1.58B
Decreased by -41.18%
Revenue Next Year
1.14B
from 927.32M
Increased by 23.37%
EPS This Year
0.62
from 0.56
Increased by 10.57%
EPS Next Year
0.81
from 0.62
Increased by 30.24%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 962.9M | 1.4B | 1.7B | |||
| Avg | 927.3M | 1.1B | 1.3B | |||
| Low | 877.0M | 969.2M | 1.0B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | -38.9% | 51.2% | 45.2% | |||
| Avg | -41.2% | 23.4% | 13.0% | |||
| Low | -44.4% | 4.5% | -9.3% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 0.67 | 1.29 | 1.58 | |||
| Avg | 0.62 | 0.81 | 0.95 | |||
| Low | 0.57 | 0.52 | 0.58 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 20.0% | 108.6% | 95.3% | |||
| Avg | 10.6% | 30.2% | 18.0% | |||
| Low | 1.5% | -16.6% | -28.5% |
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.