What 7 Analyst Ratings Have To Say About Canadian Solar
Portfolio Pulse from Benzinga Insights
Over the last quarter, Canadian Solar (NASDAQ:CSIQ) received 7 analyst ratings: 2 bullish, 1 somewhat bullish, 3 indifferent, and 1 somewhat bearish, with no bearish ratings. The average 12-month price target among these analysts is $39.29, with a high of $68.00 and a low of $22.00. This average has decreased by 10.36% from the previous target of $43.83. Analysts determine ratings by forecasting a company's future earnings and assessing the predictability of its revenue streams.
November 15, 2023 | 12:00 pm
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NEUTRAL IMPACT
Canadian Solar received mixed analyst ratings with an average 12-month price target of $39.29, which is a decrease from the previous target of $43.83.
The mixed analyst ratings with a decreased price target suggest a neutral short-term impact on CSIQ's stock price. The ratings indicate uncertainty, with no strong consensus on the stock's direction. The decrease in the average price target may cause some concern among investors, but the presence of bullish and somewhat bullish ratings could counterbalance the somewhat bearish sentiment.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100