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TPI Composites Inc has a consensus price target of $10.96 based on the ratings of 16 analysts. The high is $27 issued by JP Morgan on August 8, 2022. The low is $2 issued by Morgan Stanley on November 15, 2024. The 3 most-recent analyst ratings were released by Morgan Stanley, B of A Securities, and Jefferies on November 15, 2024, November 7, 2024, and October 17, 2024, respectively. With an average price target of $3.67 between Morgan Stanley, B of A Securities, and Jefferies, there's an implied 89.98% upside for TPI Composites Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for TPI Composites (NASDAQ:TPIC) was reported by Morgan Stanley on November 15, 2024. The analyst firm set a price target for $2.00 expecting TPIC to rise to within 12 months (a possible 3.63% upside). 10 analyst firms have reported ratings in the last year.
The latest analyst rating for TPI Composites (NASDAQ:TPIC) was provided by Morgan Stanley, and TPI Composites downgraded their underweight rating.
The last upgrade for TPI Composites Inc happened on March 16, 2023 when Guggenheim raised their price target to $22. Guggenheim previously had a neutral for TPI Composites Inc.
The last downgrade for TPI Composites Inc happened on November 15, 2024 when Morgan Stanley changed their price target from $4 to $2 for TPI Composites Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of TPI Composites, 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 TPI Composites was filed on November 15, 2024 so you should expect the next rating to be made available sometime around November 15, 2025.
While ratings are subjective and will change, the latest TPI Composites (TPIC) rating was a downgraded with a price target of $4.00 to $2.00. The current price TPI Composites (TPIC) is trading at is $1.93, which is out of the analyst’s predicted range.
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