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FTC Solar Inc has a consensus price target of $2.63 based on the ratings of 10 analysts. The high is $9 issued by Barclays on October 20, 2021. The low is $0.3 issued by UBS on August 9, 2024. The 3 most-recent analyst ratings were released by TD Cowen, UBS, and HC Wainwright & Co. on August 9, 2024, August 9, 2024, and May 13, 2024, respectively. With an average price target of $0.93 between TD Cowen, UBS, and HC Wainwright & Co., there's an implied 90.48% upside for FTC Solar Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for FTC Solar (NASDAQ:FTCI) was reported by TD Cowen on August 9, 2024. The analyst firm set a price target for $1.00 expecting FTCI to rise to within 12 months (a possible 104.08% upside). 9 analyst firms have reported ratings in the last year.
The latest analyst rating for FTC Solar (NASDAQ:FTCI) was provided by TD Cowen, and FTC Solar maintained their buy rating.
The last upgrade for FTC Solar Inc happened on March 15, 2023 when B of A Securities raised their price target to $3.5. B of A Securities previously had an underperform for FTC Solar Inc.
The last downgrade for FTC Solar Inc happened on March 14, 2024 when Roth MKM changed their price target from $2 to $0.45 for FTC Solar Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of FTC Solar, 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 FTC Solar was filed on August 9, 2024 so you should expect the next rating to be made available sometime around August 9, 2025.
While ratings are subjective and will change, the latest FTC Solar (FTCI) rating was a maintained with a price target of $1.50 to $1.00. The current price FTC Solar (FTCI) is trading at is $0.49, which is out of the analyst’s predicted range.
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