Array Technologies, Inc. (ARRY)
NASDAQ: ARRY · Real-Time Price · USD
7.51
+0.81 (12.09%)
At close: Nov 4, 2024, 4:00 PM
7.48
-0.03 (-0.40%)
After-hours: Nov 4, 2024, 5:03 PM EST
Array Technologies Stock Forecast
Stock Price Forecast
The 21 analysts with 12-month price forecasts for Array Technologies stock have an average target of 13.79, with a low estimate of 7.00 and a high estimate of 29. The average target predicts an increase of 83.62% from the current stock price of 7.51.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for ARRY stock from 23 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 | May '24 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 5 | 4 | 5 | 5 | 6 | 6 |
| Buy | 5 | 6 | 7 | 7 | 7 | 7 |
| Hold | 7 | 7 | 7 | 9 | 9 | 9 |
| Sell | 2 | 2 | 2 | 2 | 2 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 19 | 19 | 21 | 23 | 24 | 23 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Piper Sandler | Piper Sandler | Hold Maintains $8 → $7 | Hold | Maintains | $8 → $7 | -6.79% | Oct 22, 2024 |
| JP Morgan | JP Morgan | Buy Maintains $22 → $20 | Buy | Maintains | $22 → $20 | +166.31% | Oct 17, 2024 |
| Susquehanna | Susquehanna | Buy Maintains $14 → $10 | Buy | Maintains | $14 → $10 | +33.16% | Oct 16, 2024 |
| Truist Securities | Truist Securities | Strong Buy Maintains $12 → $10 | Strong Buy | Maintains | $12 → $10 | +33.16% | Oct 16, 2024 |
| BMO Capital | BMO Capital | Hold Maintains $11 → $9 | Hold | Maintains | $11 → $9 | +19.84% | Oct 14, 2024 |
Financial Forecast
Revenue This Year
968.69M
from 1.58B
Decreased by -38.56%
Revenue Next Year
1.25B
from 968.69M
Increased by 28.63%
EPS This Year
0.69
from 0.56
Increased by 22.43%
EPS Next Year
0.94
from 0.69
Increased by 37.06%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 1.1B | 1.5B | 1.7B | ||
| Avg | 968.7M | 1.2B | 1.4B | ||
| Low | 882.6M | 1.0B | 1.1B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | -31.3% | 54.7% | 38.4% | ||
| Avg | -38.6% | 28.6% | 14.3% | ||
| Low | -44.0% | 4.3% | -8.9% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 1.13 | 1.42 | 1.69 | ||
| Avg | 0.69 | 0.94 | 1.14 | ||
| Low | 0.59 | 0.55 | 0.66 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 102.5% | 106.8% | 79.9% | ||
| Avg | 22.4% | 37.1% | 20.8% | ||
| Low | 5.0% | -20.2% | -30.1% |
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.