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Canadian Solar (CSIQ) Stock Forecast & Price Target

$15.87
-0.13 (-0.81%)
(As of 02:37 PM ET)

Canadian Solar - Analysts' Recommendations 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.

Consensus Rating

Based on 9 Wall Street analysts who have issued ratings for Canadian Solar in the last 12 months, the stock has a consensus rating of "Hold." Out of the 9 analysts, 1 has given a sell rating, 4 have given a hold rating, and 4 have given a buy rating for CSIQ.

Consensus Price Target

$28.67
80.63% Upside
High Forecast$51.00
Average Forecast$28.67
Low Forecast$20.00

According to the 9 analysts' twelve-month price targets for Canadian Solar, the average price target is $28.67. The highest price target for CSIQ is $51.00, while the lowest price target for CSIQ is $20.00. The average price target represents a forecasted upside of 80.63% from the current price of $15.87.

TypeCurrent Forecast
7/24/23 to 7/23/24
1 Month Ago
6/24/23 to 6/23/24
3 Months Ago
4/25/23 to 4/24/24
1 Year Ago
7/24/22 to 7/24/23
Consensus Rating
Hold
Hold
Hold
Hold
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
4 Buy rating(s)
4 Buy rating(s)
4 Buy rating(s)
2 Buy rating(s)
Hold
4 Hold rating(s)
4 Hold rating(s)
4 Hold rating(s)
3 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$28.67$28.89$31.78$47.60
Forecasted Upside80.63% Upside47.46% Upside52.61% Upside22.41% Upside
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CSIQ Analyst Recommendations 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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CSIQ 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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Canadian Solar Stock vs. The Competition

TypeCanadian SolarOils/Energy CompaniesS&P 500
Consensus Rating Score
2.33
2.56
2.51
Consensus RatingHoldModerate BuyModerate Buy
Predicted Upside78.72% Upside334.94% Upside9.33% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/16/2024JPMorgan Chase & Co.
3 of 5 stars
 Boost TargetUnderweight ➝ Underweight$17.00 ➝ $20.00+28.29%
6/12/2024UBS Group
4 of 5 stars
 Lower TargetBuy ➝ Buy$38.00 ➝ $35.00+88.78%
5/22/2024Roth Mkm
1 of 5 stars
 Reiterated RatingBuy ➝ Buy$25.00 ➝ $25.00+45.01%
3/19/2024Wells Fargo & Company
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 Lower TargetEqual Weight ➝ Equal Weight$28.00 ➝ $23.00+20.17%
3/15/2024The Goldman Sachs Group
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 Lower TargetNeutral ➝ Neutral$28.00 ➝ $24.00+24.35%
3/15/2024Citigroup
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 Lower TargetNeutral ➝ Neutral$26.00 ➝ $24.00+24.35%
3/11/2024Daiwa Capital Markets
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 Initiated CoverageNeutral$21.00+1.79%
11/15/2023Roth Capital
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 Lower TargetBuy$50.00 ➝ $35.00+71.15%
11/15/2023Oppenheimer
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 Lower TargetOutperform ➝ Outperform$68.00 ➝ $51.00+153.23%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 03:04 PM ET.

CSIQ Forecast - Frequently Asked Questions

What is Canadian Solar's forecast for 2024?

According to the research reports of 9 Wall Street equities research analysts, the average twelve-month stock price forecast for Canadian Solar is $28.67, with a high forecast of $51.00 and a low forecast of $20.00.

Should I buy or sell Canadian Solar stock right now?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Canadian Solar in the last twelve months. There is currently 1 sell rating, 4 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" CSIQ shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CSIQ, but not buy additional shares or sell existing shares.

Does Canadian Solar's stock price have much upside?

According to analysts, Canadian Solar's stock has a predicted upside of 51.47% based on their 12-month stock forecasts.

What analysts cover Canadian Solar?

Canadian Solar has been rated by research analysts at JPMorgan Chase & Co., Roth Mkm, and UBS Group in the past 90 days.

Do Wall Street analysts like Canadian Solar more than its competitors?

Analysts like Canadian Solar less than other "oils/energy" companies. The consensus rating for Canadian Solar is Hold while the average consensus rating for "oils/energy" companies is Moderate Buy. Learn more on how CSIQ compares to other companies.


This page (NASDAQ:CSIQ) was last updated on 7/23/2024 by MarketBeat.com Staff

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