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Canadian Solar Inc has a consensus price target of $23.3 based on the ratings of 11 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 Citigroup, Roth MKM, and Goldman Sachs on October 22, 2024, August 26, 2024, and August 26, 2024, respectively. With an average price target of $15.67 between Citigroup, Roth MKM, and Goldman Sachs, there's an implied 35.76% 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 Citigroup on October 22, 2024. The analyst firm set a price target for $11.00 expecting CSIQ to fall to within 12 months (a possible -4.68% downside). 14 analyst firms have reported ratings in the last year.
The latest analyst rating for Canadian Solar (NASDAQ:CSIQ) was provided by Citigroup, and Canadian Solar downgraded their sell 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 October 22, 2024 so you should expect the next rating to be made available sometime around October 22, 2025.
While ratings are subjective and will change, the latest Canadian Solar (CSIQ) rating was a downgraded with a price target of $19.00 to $11.00. The current price Canadian Solar (CSIQ) is trading at is $11.54, which is out of the analyst’s predicted range.
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