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TPI Composites (TPIC) Stock Forecast & Price Target

$4.58
+0.16 (+3.62%)
(As of 07/22/2024 ET)

TPI Composites - 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 10 Wall Street analysts who have issued ratings for TPI Composites in the last 12 months, the stock has a consensus rating of "Hold." Out of the 10 analysts, 8 have given a hold rating, and 2 have given a buy rating for TPIC.

Consensus Price Target

$6.61
44.26% Upside
High Forecast$11.00
Average Forecast$6.61
Low Forecast$3.00

According to the 10 analysts' twelve-month price targets for TPI Composites, the average price target is $6.61. The highest price target for TPIC is $11.00, while the lowest price target for TPIC is $3.00. The average price target represents a forecasted upside of 44.26% from the current price of $4.58.

TypeCurrent Forecast
7/23/23 to 7/22/24
1 Month Ago
6/23/23 to 6/22/24
3 Months Ago
4/24/23 to 4/23/24
1 Year Ago
7/23/22 to 7/23/23
Consensus Rating
Hold
Hold
Hold
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
2 Buy rating(s)
1 Buy rating(s)
1 Buy rating(s)
7 Buy rating(s)
Hold
8 Hold rating(s)
8 Hold rating(s)
8 Hold rating(s)
3 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$6.61$6.63$9.22$16.83
Forecasted Upside44.26% Upside35.99% Upside34.75% Upside31.86% Upside
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TPIC 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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TPIC 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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TPI Composites Stock vs. The Competition

TypeTPI CompositesIndustrial Products CompaniesS&P 500
Consensus Rating Score
2.20
2.54
2.51
Consensus RatingHoldModerate BuyModerate Buy
Predicted Upside44.26% Upside39.10% Upside9.23% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/22/2024Piper Sandler
2 of 5 stars
 Boost TargetNeutral ➝ Neutral$3.00 ➝ $3.50-20.81%
7/17/2024Bank of America
4 of 5 stars
 Boost TargetBuy ➝ Buy$5.00 ➝ $6.00+29.03%
7/16/2024JPMorgan Chase & Co.
3 of 5 stars
 Boost TargetOverweight ➝ Overweight$8.00 ➝ $9.00+93.55%
5/6/2024Roth Mkm
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 Boost TargetNeutral ➝ Neutral$3.30 ➝ $3.75-5.78%
12/8/2023Morgan Stanley
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 Lower TargetEqual Weight ➝ Equal Weight$4.00 ➝ $3.00+27.66%
10/3/2023Raymond James
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 DowngradeOutperform ➝ Market Perform
7/27/2023Roth Capital
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J. Clare
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DowngradeBuy ➝ Neutral
7/27/2023Johnson Rice
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 DowngradeAccumulate ➝ Hold$10.00+43.27%
7/27/2023Craig Hallum
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 DowngradeBuy ➝ Hold$15.00 ➝ $11.00+3.19%
7/27/2023BTIG Research
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 DowngradeBuy ➝ Neutral
5/23/2023Stifel Nicolaus
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 Lower Target$15.00 ➝ $13.00+21.84%
5/8/2023UBS Group
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 Lower Target$12.00 ➝ $9.00-0.55%
3/16/2023Guggenheim
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 UpgradeNeutral ➝ Buy$22.00+78.57%
2/26/2023Seaport Res Ptn
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T. Curran
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Reiterated RatingNeutral
2/10/2023Cowen
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 Boost TargetOutperform$13.00 ➝ $17.00+33.75%
8/4/2022Cowen
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 Boost TargetOutperform$15.00 ➝ $20.00+11.30%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 11:11 PM ET.

TPIC Forecast - Frequently Asked Questions

What is TPI Composites' forecast for 2024?

According to the research reports of 10 Wall Street equities research analysts, the average twelve-month stock price forecast for TPI Composites is $6.61, with a high forecast of $11.00 and a low forecast of $3.00.

Should I buy or sell TPI Composites stock right now?

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for TPI Composites in the last year. There are currently 8 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" TPIC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TPIC, but not buy additional shares or sell existing shares.

Does TPI Composites's stock price have much upside?

According to analysts, TPI Composites's stock has a predicted upside of 22.71% based on their 12-month stock forecasts.

What analysts cover TPI Composites?

TPI Composites has been rated by research analysts at Bank of America, JPMorgan Chase & Co., Piper Sandler, and Roth Mkm in the past 90 days.

Do Wall Street analysts like TPI Composites more than its competitors?

Analysts like TPI Composites less than other "industrial products" companies. The consensus rating for TPI Composites is Hold while the average consensus rating for "industrial products" companies is Moderate Buy. Learn more on how TPIC compares to other companies.


This page (NASDAQ:TPIC) was last updated on 7/22/2024 by MarketBeat.com Staff

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