Array Technologies, Inc. (ARRY)

Array Technologies Stock Forecast

Stock Price Forecast

The 19 analysts with 12-month price forecasts for Array Technologies stock have an average target of 9.82, with a low estimate of 6.00 and a high estimate of 17. The average target predicts an increase of 134.93% from the current stock price of 4.18.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$6.00	$9.82	$9.00	$17
Change	+43.54%	+134.93%	+115.31%	+306.70%

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	Nov '24	Dec '24	Jan '25	Feb '25	Mar '25	Apr '25
Strong Buy	5	5	5	5	5	5
Buy	7	7	6	4	4	4
Hold	10	9	10	12	12	12
Sell	1	1	1	0	0	0
Strong Sell	0	0	0	0	0	0
Total	23	22	22	21	21	21

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Jordan Levy Truist Securities	Truist Securities	Strong Buy Reiterates $8 → $7	Strong Buy	Reiterates	$8 → $7	+67.46%	Apr 17, 2025
Christopher Dendrinos RBC Capital	RBC Capital	Hold Initiates $7	Hold	Initiates	$7	+67.46%	Mar 17, 2025
Christine Cho Barclays	Barclays	Buy Maintains $9 → $8	Buy	Maintains	$9 → $8	+91.39%	Mar 6, 2025
Jon Windham UBS	UBS	Strong Buy Maintains $10 → $7	Strong Buy	Maintains	$10 → $7	+67.46%	Mar 4, 2025
Biju Perincheril Susquehanna	Susquehanna	Hold Maintains $7 → $6	Hold	Maintains	$7 → $6	+43.54%	Mar 3, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

1.12B

Increased by 21.97%

from 915.81M

Revenue Next Year

1.26B

Increased by 12.71%

from 1.12B

EPS This Year

0.64

from -1.95

EPS Next Year

0.84

Increased by 32.90%

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	1.12B	1.26B	1.39B
Revenue Growth	34.69%	-2.22%	91.90%	-3.73%	-41.91%	21.97%	12.71%	10.09%
EPS	0.49	-0.51	-0.29	0.56	-1.95	0.64	0.84	0.95
EPS Growth	47.37%	-	-	-	-	-	32.90%	12.42%
Forward PE	-	-	-	-	-	6.57	4.95	4.40
No. Analysts	-	-	-	-	-	29	28	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	1.6B
Avg	1.1B	1.3B	1.4B
Low	996.2M	1.1B	1.2B

Revenue Growth

Revenue Growth	2025	2026	2027	2028	2029
High	29.7%	23.8%	23.7%
Avg	22.0%	12.7%	10.1%
Low	8.8%	0.7%	-2.2%

EPS Forecast

EPS	2025	2026	2027	2028	2029
High	0.72	1.18	1.28
Avg	0.64	0.84	0.95
Low	0.56	0.61	0.59

EPS Growth

EPS Growth	2025	2026	2027	2028	2029
High	-	85.0%	51.0%
Avg	-	32.9%	12.4%
Low	-	-4.4%	-30.4%

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.