Shoals Technologies Group, Inc. (SHLS)
NASDAQ: SHLS · IEX Real-Time Price · USD
8.43
+0.14 (1.69%)
At close: Apr 22, 2024, 4:00 PM
8.47
+0.04 (0.47%)
After-hours: Apr 22, 2024, 7:34 PM 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 20.88, with a low estimate of 13 and a high estimate of 33. The average target predicts an increase of 147.69% from the current stock price of 8.43.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for SHLS stock from 16 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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 5 | 5 | 5 | 5 | 7 | 7 |
| Buy | 6 | 6 | 5 | 6 | 6 | 6 |
| Hold | 3 | 3 | 3 | 3 | 3 | 3 |
| Sell | 1 | 1 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 15 | 15 | 13 | 14 | 16 | 16 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Mizuho | Mizuho | Strong Buy Maintains $18 → $16 | Strong Buy | Maintains | $18 → $16 | +89.80% | Apr 19, 2024 |
| Piper Sandler | Piper Sandler | Buy Maintains $16 → $14 | Buy | Maintains | $16 → $14 | +66.07% | Apr 11, 2024 |
| Cantor Fitzgerald | Cantor Fitzgerald | Buy Reiterates $24 | Buy | Reiterates | $24 | +184.70% | Mar 13, 2024 |
| Roth MKM | Roth MKM | Strong Buy Maintains $20 | Strong Buy | Maintains | $20 | +137.25% | Mar 11, 2024 |
| Barclays | Barclays | Hold Maintains $15 → $13 | Hold | Maintains | $15 → $13 | +54.21% | Mar 5, 2024 |
Financial Forecast
Revenue This Year
516.57M
from 488.94M
Increased by 5.65%
Revenue Next Year
660.97M
from 516.57M
Increased by 27.95%
EPS This Year
0.61
from 0.24
Increased by 156.18%
EPS Next Year
0.89
from 0.61
Increased by 44.03%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 668.2M | 866.0M | 1.1B | 1.1B | 1.2B |
| Avg | 516.6M | 661.0M | 809.3M | 1.0B | 1.1B |
| Low | 471.1M | 523.2M | 626.2M | 951.7M | 1.1B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 36.7% | 67.7% | 59.8% | 31.3% | 15.8% |
| Avg | 5.7% | 28.0% | 22.4% | 24.9% | 10.4% |
| Low | -3.7% | 1.3% | -5.3% | 17.6% | 4.0% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 0.92 | 1.19 | 1.44 | 1.02 | 1.13 |
| Avg | 0.61 | 0.89 | 1.05 | 0.99 | 1.10 |
| Low | 0.49 | 0.53 | 0.67 | 0.95 | 1.06 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 285.0% | 93.0% | 62.4% | -2.6% | 14.6% |
| Avg | 156.2% | 44.0% | 18.1% | -5.4% | 11.3% |
| Low | 104.2% | -13.9% | -24.7% | -9.1% | 7.0% |
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.