Array Technologies Stock Forecast

Stock Price Forecast

According to 23 analysts polled by S&P Global, Array Technologies stock has a consensus rating of "Buy" and an average price target of $8.92. The average 1-year stock price forecast is 94.34% higher than the current stock price, while the lowest is $5.00 (+8.93%) and the highest is $13 (+183.22%).

Price Target: $8.92 (+94.34%)

Analyst Consensus: Buy

Price Target

Chart

Target	Low	Average	Median	High
Price	$5.00	$8.92	$9.00	$13
Change	+8.93%	+94.34%	+96.08%	+183.22%

Analyst Ratings

The average analyst rating for Array Technologies stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Chart

Rating	Apr '26	May '26	Jun '26	Jul '26	Aug '26	Sep '26
Strong Buy	11	11	11	10	10	10
Buy	2	2	2	1	1	1
Hold	11	11	11	12	11	12
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	24	24	24	23	22	23

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Unknown Analyst Piper Sandler No rating	Piper Sandler	Hold Initiates $5	Hold	Initiates	$5	+8.93%	Sep 8, 2026
Vikram Bagri Citi	Citi	Buy Maintains $12	Buy	Maintains	$12	+161.44%	Aug 25, 2026
Chris Dendrinos RBC Capital	RBC Capital	Hold Maintains $9	Hold	Maintains	$9	+96.08%	Aug 21, 2026
Christine Cho CFA Barclays	Barclays	Hold Maintains $8	Hold	Maintains	$8	+74.29%	Aug 21, 2026
Brian K. Lee Goldman Sachs	Goldman Sachs	Buy Maintains $11 → $9	Buy	Maintains	$11 → $9	+96.08%	Aug 21, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

1.44B

from 1.28B

12.20%

from 1.28B

Revenue Next Year

1.61B

from 1.44B

12.01%

from 1.44B

EPS This Year

0.75

from 0.67

11.23%

from 0.67

EPS Next Year

0.90

from 0.75

20.33%

from 0.75

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	853.32M	1.64B	1.58B	915.81M	1.28B	1.44B
Revenue Growth	-2.22%	91.90%	-3.73%	-41.91%	40.22%	12.20%
Gross Profit	68.30M	212.72M	415.55M	293.68M	328.07M	382.30M
Gross Margin	8.00%	12.99%	26.36%	32.07%	25.55%	26.54%
Operating Income	-22.05M	-17.04M	217.09M	94.02M	113.86M	134.29M
Net Income	-50.40M	4.43M	137.24M	-240.39M	-52.24M	33.47M
EPS	-	-	-	-	0.67	0.75
EPS Growth	-	-	-	-	11.67%	11.23%
Forward PE	39.80	21.29	14.71	8.56	12.35	6.16
Free Cash Flow	-249.48M	50.72M	173.50M	139.40M	68.79M	89.55M
FFO	-	-	-	-	-	139.60M
No. Analysts	-	-	-	-	-	18

EPS and Forward PE are based on non-GAAP adjusted numbers.

Revenue Forecast

Chart

Revenue	2026	2027	2028
High	1.5B
Avg	1.4B
Low	1.4B

Revenue Growth

Chart

Revenue Growth	2026	2027	2028
High	17.0%
Avg	12.2%
Low	6.0%

EPS Forecast

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EPS	2026	2027	2028
High	0.87
Avg	0.75
Low	0.69

EPS Growth

Chart

EPS Growth	2026	2027	2028
High	29.9%
Avg	11.2%
Low	3.0%