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TPI Composites Inc has a consensus price target of $11.7 based on the ratings of 15 analysts. The high is $27 issued by JP Morgan on August 8, 2022. The low is $3 issued by Morgan Stanley on December 8, 2023. The 3 most-recent analyst ratings were released by Piper Sandler, Piper Sandler, and B of A Securities on August 12, 2024, July 22, 2024, and July 17, 2024, respectively. With an average price target of $4.4 between Piper Sandler, Piper Sandler, and B of A Securities, there's an implied -2.11% downside for TPI Composites Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for TPI Composites (NASDAQ:TPIC) was reported by Piper Sandler on August 12, 2024. The analyst firm set a price target for $3.70 expecting TPIC to fall to within 12 months (a possible -17.69% downside). 11 analyst firms have reported ratings in the last year.
The latest analyst rating for TPI Composites (NASDAQ:TPIC) was provided by Piper Sandler, and TPI Composites maintained their neutral rating.
The last upgrade for TPI Composites Inc happened on March 16, 2023 when Guggenheim raised their price target to $22. Guggenheim previously had a neutral for TPI Composites Inc.
The last downgrade for TPI Composites Inc happened on October 3, 2023 when Raymond James changed their price target from N/A to N/A for TPI Composites Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of TPI Composites, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for TPI Composites was filed on August 12, 2024 so you should expect the next rating to be made available sometime around August 12, 2025.
While ratings are subjective and will change, the latest TPI Composites (TPIC) rating was a maintained with a price target of $3.50 to $3.70. The current price TPI Composites (TPIC) is trading at is $4.50, which is out of the analyst’s predicted range.
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