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Array Technologies Inc has a consensus price target of $15.38 based on the ratings of 28 analysts. The high is $37 issued by Janney Montgomery Scott on June 28, 2023. The low is $6 issued by Roth MKM on November 8, 2024. The 3 most-recent analyst ratings were released by Goldman Sachs, Susquehanna, and UBS on December 17, 2024, November 12, 2024, and November 8, 2024, respectively. With an average price target of $10 between Goldman Sachs, Susquehanna, and UBS, there's an implied 72.41% 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 Goldman Sachs on December 17, 2024. The analyst firm set a price target for $11.00 expecting ARRY to rise to within 12 months (a possible 89.66% upside). 56 analyst firms have reported ratings in the last year.
The latest analyst rating for Array Technologies (NASDAQ:ARRY) was provided by Goldman Sachs, and Array Technologies maintained 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 November 7, 2024 when Guggenheim changed their price target from N/A to N/A 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 December 17, 2024 so you should expect the next rating to be made available sometime around December 17, 2025.
While ratings are subjective and will change, the latest Array Technologies (ARRY) rating was a maintained with a price target of $12.00 to $11.00. The current price Array Technologies (ARRY) is trading at is $5.80, which is out of the analyst’s predicted range.
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