ReNew Energy Global Plc (RNW)
NASDAQ: RNW · Real-Time Price · USD
5.55
+0.12 (2.21%)
Nov 4, 2024, 4:00 PM EST - Market closed
ReNew Energy Global Stock Forecast
Stock Price Forecast
The 3 analysts with 12-month price forecasts for ReNew Energy Global stock have an average target of 8.67, with a low estimate of 8.00 and a high estimate of 10. The average target predicts an increase of 56.22% from the current stock price of 5.55.
Analyst Consensus: Strong Buy
* Price targets were last updated on Aug 19, 2024.
Analyst Ratings
The average analyst rating for RNW stock from 3 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | May '24 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 5 | 4 | 4 | 4 | 4 | 3 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 1 | 1 | 1 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 6 | 5 | 5 | 4 | 4 | 3 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Roth MKM | Roth MKM | Strong Buy Maintains $9 → $8 | Strong Buy | Maintains | $9 → $8 | +44.14% | Aug 19, 2024 |
| Roth MKM | Roth MKM | Strong Buy Reiterates $8 → $9 | Strong Buy | Reiterates | $8 → $9 | +62.16% | Jun 7, 2024 |
| Roth MKM | Roth MKM | Strong Buy Maintains $9 → $8 | Strong Buy | Maintains | $9 → $8 | +44.14% | Apr 11, 2024 |
| Mizuho | Mizuho | Strong Buy Maintains $8 → $10 | Strong Buy | Maintains | $8 → $10 | +80.18% | Jan 3, 2024 |
| Goldman Sachs | Goldman Sachs | Strong Buy Maintains $7 → $8 | Strong Buy | Maintains | $7 → $8 | +44.14% | Dec 21, 2023 |
Financial Forecast
Revenue This Year
1.21B
from 81.32B
Decreased by -98.52%
Revenue Next Year
1.54B
from 1.21B
Increased by 28.03%
EPS This Year
0.09
from 9.31
Decreased by -99.02%
EPS Next Year
0.39
from 0.09
Increased by 326.41%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 1.4B | 1.9B | 2.1B | |
| Avg | 1.2B | 1.5B | 1.8B | |
| Low | 1.0B | 1.3B | 1.5B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | -98.2% | 53.8% | 35.7% | |
| Avg | -98.5% | 28.0% | 16.3% | |
| Low | -98.7% | 5.3% | -3.7% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 0.33 | 1.20 | 1.69 | |
| Avg | 0.09 | 0.39 | 0.77 | |
| Low | -0.05 | 0.02 | 0.17 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | -96.5% | 1,213.6% | 335.1% | |
| Avg | -99.0% | 326.4% | 98.6% | |
| Low | - | -78.5% | -56.2% |
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.