What 35 Analyst Ratings Have To Say About SolarEdge Technologies
Portfolio Pulse from Benzinga Insights
SolarEdge Technologies (NASDAQ:SEDG) received 35 analyst ratings in the last quarter with an average price target of $138.15, representing a significant upside from the current price of $78.75. The ratings include 5 bullish, 11 somewhat bullish, 17 indifferent, 1 somewhat bearish, and 1 bearish. The current average price target is a 40.44% decrease from the previous target of $231.95.
November 20, 2023 | 2:00 pm
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POSITIVE IMPACT
SolarEdge Technologies has a consensus average price target of $138.15 from 35 analysts, indicating a potential upside from its current price of $78.75. The sentiment is mostly positive despite a decrease in the average price target from the previous $231.95.
The average price target suggests a significant upside for SolarEdge Technologies, which is likely to be viewed positively by investors. The predominance of bullish and somewhat bullish ratings over bearish ones indicates a general optimism about the stock's future performance. However, the decrease in the average price target may temper some of the enthusiasm, hence the importance is not at the maximum. The confidence level is high due to the clear consensus among analysts and the substantial number of ratings.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100