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Canadian Solar Inc has a consensus price target of $21.57 based on the ratings of 13 analysts. The high is $35 issued by UBS on June 12, 2024. The low is $11 issued by Citigroup on October 22, 2024. The 3 most-recent analyst ratings were released by Mizuho, Wells Fargo, and Jefferies on December 13, 2024, December 5, 2024, and November 22, 2024, respectively. With an average price target of $15.72 between Mizuho, Wells Fargo, and Jefferies, there's an implied 35.96% upside for Canadian Solar Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Canadian Solar (NASDAQ:CSIQ) was reported by Mizuho on December 13, 2024. The analyst firm set a price target for $20.00 expecting CSIQ to rise to within 12 months (a possible 73.01% upside). 16 analyst firms have reported ratings in the last year.
The latest analyst rating for Canadian Solar (NASDAQ:CSIQ) was provided by Mizuho, and Canadian Solar initiated their outperform rating.
The last upgrade for Canadian Solar Inc happened on December 18, 2023 when Goldman Sachs raised their price target to $25. Goldman Sachs previously had a sell for Canadian Solar Inc.
The last downgrade for Canadian Solar Inc happened on October 22, 2024 when Citigroup changed their price target from $19 to $11 for Canadian Solar Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Canadian 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 Canadian Solar was filed on December 13, 2024 so you should expect the next rating to be made available sometime around December 13, 2025.
While ratings are subjective and will change, the latest Canadian Solar (CSIQ) rating was a initiated with a price target of $0.00 to $20.00. The current price Canadian Solar (CSIQ) is trading at is $11.56, which is within the analyst’s predicted range.
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