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Array Technologies Inc has a consensus price target of $16.88 based on the ratings of 30 analysts. The high is $37 issued by Janney Montgomery Scott on June 28, 2023. The low is $8 issued by Piper Sandler on August 9, 2024. The 3 most-recent analyst ratings were released by Jefferies, Guggenheim, and Scotiabank on September 4, 2024, August 16, 2024, and August 16, 2024, respectively. With an average price target of $12.33 between Jefferies, Guggenheim, and Scotiabank, there's an implied 90.08% upside for Array Technologies Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Array Technologies (NASDAQ:ARRY) was reported by Jefferies on September 4, 2024. The analyst firm set a price target for $11.00 expecting ARRY to rise to within 12 months (a possible 69.53% upside). 55 analyst firms have reported ratings in the last year.
The latest analyst rating for Array Technologies (NASDAQ:ARRY) was provided by Jefferies, and Array Technologies upgraded their buy rating.
The last upgrade for Array Technologies Inc happened on September 4, 2024 when Jefferies raised their price target to $11. Jefferies previously had a hold for Array Technologies Inc.
The last downgrade for Array Technologies Inc happened on August 9, 2024 when Roth MKM changed their price target from $20 to $8 for Array Technologies Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Array Technologies, 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 Array Technologies was filed on September 4, 2024 so you should expect the next rating to be made available sometime around September 4, 2025.
While ratings are subjective and will change, the latest Array Technologies (ARRY) rating was a upgraded with a price target of $0.00 to $11.00. The current price Array Technologies (ARRY) is trading at is $6.49, which is within the analyst’s predicted range.
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