The Latest Analyst Ratings for First Solar
Portfolio Pulse from Benzinga Insights
First Solar (NASDAQ:FSLR) received 22 analyst ratings in the last quarter with an average price target of $227.86, which is significantly higher than its current price of $159.5388. The ratings are predominantly bullish, with 6 bullish, 9 somewhat bullish, and 7 indifferent ratings. There were no bearish or somewhat bearish ratings. The current average price target has decreased by 2.31% from the previous target of $233.24. Analysts determine ratings by forecasting a company's future earnings and considering the predictability of its revenue streams.
November 21, 2023 | 4:00 pm
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POSITIVE IMPACT
First Solar has received a strong analyst consensus with a high average price target of $227.86, suggesting a significant upside from the current price of $159.5388. The consensus is bullish with no bearish ratings.
The overwhelmingly bullish ratings and the high average price target compared to the current stock price suggest that analysts see a strong upside potential for First Solar. This positive sentiment is likely to influence investor perception and could lead to a short-term increase in the stock price, especially as there are no bearish ratings. However, the slight decrease in the average price target may temper expectations slightly.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100