Shoals Technologies Group, Inc. (SHLS)
NASDAQ: SHLS · IEX Real-Time Price · USD
6.59
-0.04 (-0.60%)
At close: Jul 19, 2024, 4:00 PM
6.53
-0.06 (-0.91%)
Pre-market: Jul 20, 2024, 9:29 AM EDT
Shoals Technologies Group Stock Forecast
Stock Price Forecast
The 16 analysts with 12-month price forecasts for SHLS stock have an average target of 14.75, with a low estimate of 5.00 and a high estimate of 33. The average target predicts an increase of 123.82% from the current stock price of 6.59.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for SHLS stock from 16 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 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 5 | 7 | 7 | 6 | 6 | 5 |
| Buy | 6 | 6 | 6 | 6 | 6 | 6 |
| Hold | 3 | 3 | 3 | 3 | 3 | 3 |
| Sell | 0 | 0 | 0 | 1 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 1 |
| Total | 14 | 16 | 16 | 16 | 16 | 16 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| UBS | UBS | Strong Buy Maintains $20 → $12 | Strong Buy | Maintains | $20 → $12 | +82.09% | Jul 18, 2024 |
| Barclays | Barclays | Hold Maintains $12 → $10 | Hold | Maintains | $12 → $10 | +51.75% | Jul 18, 2024 |
| JP Morgan | JP Morgan | Buy Maintains $21 → $23 | Buy | Maintains | $21 → $23 | +249.01% | Jul 16, 2024 |
| RBC Capital | RBC Capital | Buy Maintains $15 → $13 | Buy | Maintains | $15 → $13 | +97.27% | Jul 8, 2024 |
| Citigroup | Citigroup | Strong Buy → Strong Sell Downgrades $15 → $5 | Strong Buy → Strong Sell | Downgrades | $15 → $5 | -24.13% | Jul 2, 2024 |
Financial Forecast
Revenue This Year
475.08M
from 488.94M
Decreased by -2.83%
Revenue Next Year
582.97M
from 475.08M
Increased by 22.71%
EPS This Year
0.53
from 0.24
Increased by 121.85%
EPS Next Year
0.72
from 0.53
Increased by 34.64%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 520.5M | 682.5M | 777.0M | 682.5M | 717.2M |
| Avg | 475.1M | 583.0M | 675.1M | 656.4M | 693.6M |
| Low | 435.8M | 503.8M | 574.0M | 624.3M | 663.5M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 6.4% | 43.7% | 33.3% | 1.1% | 9.3% |
| Avg | -2.8% | 22.7% | 15.8% | -2.8% | 5.7% |
| Low | -10.9% | 6.0% | -1.5% | -7.5% | 1.1% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 0.63 | 0.96 | 1.16 | 0.91 | 0.96 |
| Avg | 0.53 | 0.72 | 0.88 | 0.73 | 0.78 |
| Low | 0.40 | 0.44 | 0.51 | 0.56 | 0.60 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 162.5% | 79.5% | 61.1% | 3.6% | 30.1% |
| Avg | 121.9% | 34.6% | 23.0% | -16.7% | 5.6% |
| Low | 67.4% | -17.2% | -28.9% | -36.6% | -18.6% |
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.