Array Technologies (ARRY) Stock Forecast & Price Target

$12.40
+0.46 (+3.85%)
(As of 04/26/2024 ET)

Array Technologies Consensus Analyst Rating and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Analysts' Consensus Rating

Hold
Based on 17 Analyst Ratings

Analysts' Consensus Price Target

$20.23
63.17% Upside
High Forecast$37.00
Average Forecast$20.23
Low Forecast$12.00
TypeCurrent Forecast
4/29/23 to 4/28/24
1 Month Ago
3/30/23 to 3/29/24
3 Months Ago
1/29/23 to 1/29/24
1 Year Ago
4/29/22 to 4/29/23
Consensus Rating
Hold
Hold
Moderate Buy
Moderate Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
8 Buy rating(s)
8 Buy rating(s)
8 Buy rating(s)
14 Buy rating(s)
Hold
8 Hold rating(s)
9 Hold rating(s)
8 Hold rating(s)
2 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
0 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$20.23$20.91$24.13$25.24
Predicted Upside63.17% Upside37.25% Upside39.95% Upside31.41% Upside
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ARRY Analyst Ratings By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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ARRY Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Array Technologies Stock vs. The Competition

TypeArray TechnologiesOils/Energy CompaniesS&P 500
Consensus Rating Score
2.41
2.55
2.49
Consensus RatingHoldModerate BuyHold
Predicted Upside63.17% Upside430.29% Upside10.57% Upside
News Sentiment RatingNeutral News
Neutral News
Positive News

Recent Analyst Ratings and Stock Forecasts

DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
4/19/2024Mizuho
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 Lower TargetNeutral ➝ Neutral$18.00 ➝ $16.00+42.60%
4/11/2024Piper Sandler
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 Boost TargetNeutral ➝ Neutral$12.00 ➝ $13.00-8.96%
4/5/2024Guggenheim
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 Boost TargetBuy ➝ Buy$20.00 ➝ $22.00+58.16%
4/2/2024Barclays
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 UpgradeEqual Weight ➝ Overweight$15.00 ➝ $18.00+22.53%
3/22/2024BMO Capital Markets
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 Initiated CoverageMarket Perform$16.00+14.04%
3/5/2024KeyCorp
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 Initiated CoverageSector Weight
2/29/2024The Goldman Sachs Group
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 Lower TargetBuy ➝ Buy$31.00 ➝ $27.00+98.38%
2/29/2024Truist Financial
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 Lower TargetBuy ➝ Buy$25.00 ➝ $23.00+63.12%
2/28/2024Cantor Fitzgerald
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 Lower TargetOverweight ➝ Overweight$22.00 ➝ $18.00+25.35%
2/28/2024JPMorgan Chase & Co.
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 Lower TargetOverweight ➝ Overweight$35.00 ➝ $29.00+110.45%
2/28/2024TD Cowen
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 Lower TargetMarket Perform$22.50 ➝ $16.50+20.97%
2/28/2024BNP Paribas
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 Reiterated RatingNeutral ➝ Underperform$12.00-12.02%
1/8/2024Wells Fargo & Company
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 DowngradeOverweight ➝ Equal Weight$22.00 ➝ $19.00+25.91%
12/15/2023Jefferies Financial Group
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 Initiated CoverageHold$18.00-6.44%
12/8/2023Morgan Stanley
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 Lower TargetEqual Weight ➝ Equal Weight$23.00 ➝ $19.00+19.65%
6/28/2023Janney Montgomery Scott
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 Initiated CoverageBuy$37.00+81.19%
5/18/2023Seaport Res Ptn
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T. Curran
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Reiterated RatingBuy

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 03:45 AM ET.

ARRY Price Target - Frequently Asked Questions

What is Array Technologies's consensus rating and price target?

According to the issued ratings of 17 analysts in the last year, the consensus rating for Array Technologies stock is Hold based on the current 1 sell rating, 8 hold ratings and 8 buy ratings for ARRY. The average twelve-month price prediction for Array Technologies is $20.23 with a high price target of $37.00 and a low price target of $12.00. Learn more on ARRY's analyst rating history.

Do Wall Street analysts like Array Technologies more than its competitors?

Analysts like Array Technologies less than other Oils/Energy companies. The consensus rating for Array Technologies is Hold while the average consensus rating for oils/energy companies is Moderate Buy. Learn more on how ARRY compares to other companies.

Is Array Technologies being upgraded by Wall Street analysts?

Over the previous 90 days, Array Technologies's stock had 1 upgrade by analysts.

Does Array Technologies's stock price have much upside?

According to analysts, Array Technologies's stock has a predicted upside of 36.78% based on their 12-month stock forecasts.

What analysts cover Array Technologies?

Stock Ratings Reports and Tools

This page (NASDAQ:ARRY) was last updated on 4/28/2024 by MarketBeat.com Staff

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