ReNew Energy Global Plc (RNW)
NASDAQ: RNW · Real-Time Price · USD
5.89
+0.26 (4.62%)
At close: Nov 22, 2024, 4:00 PM
5.90
+0.01 (0.17%)
After-hours: Nov 22, 2024, 5:52 PM EST

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 47.20% from the current stock price of 5.89.

Analyst Consensus: Strong Buy
Target Low Average Median High
Price $8.00 $8.67 $8.00 $10
Change +35.82% +47.20% +35.82% +69.78%
* 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 Jun '24Jul '24Aug '24Sep '24Oct '24Nov '24
Strong Buy 444443
Buy 000000
Hold 110000
Sell 000000
Strong Sell 000000
Total 554443

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 +35.82% Aug 19, 2024
Roth MKM
Roth MKM
Strong Buy
Reiterates
$8$9
Strong Buy Reiterates $8$9 +52.80% Jun 7, 2024
Roth MKM
Roth MKM
Strong Buy
Maintains
$9$8
Strong Buy Maintains $9$8 +35.82% Apr 11, 2024
Mizuho
Mizuho
Strong Buy
Maintains
$8$10
Strong Buy Maintains $8$10 +69.78% Jan 3, 2024
Goldman Sachs
Goldman Sachs
Strong Buy
Maintains
$7$8
Strong Buy Maintains $7$8 +35.82% Dec 21, 2023
More Analyst Ratings

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%
Fiscal Year FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 FY 2027
Period Ending Mar 31, 2020 Mar 31, 2021 Mar 31, 2022 Mar 31, 2023 Mar 31, 2024 Mar 31, 2025 Mar 31, 2026 Mar 31, 2027
Revenue
48.41B48.19B59.35B78.22B81.32B1.21B1.54B1.80B
Revenue Growth
12.21%-0.46%23.16%31.80%3.96%-98.52%28.03%16.32%
EPS
-7.08-19.49-43.49-12.599.310.090.390.77
EPS Growth
------99.02%326.41%98.55%
Forward PE
-----5,457.971,279.97644.65
No. Analysts -----885
Financial currency is INR. Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 2024202520262027
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 2024202520262027
High
-98.2%
53.8%
35.7%
Avg
-98.5%
28.0%
16.3%
Low
-98.7%
5.3%
-3.7%

EPS Forecast

EPS 2024202520262027
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 2024202520262027
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.