Analyst Ratings for SolarEdge Technologies
Portfolio Pulse from Benzinga Insights
SolarEdge Technologies (NASDAQ:SEDG) has received mixed analyst ratings in the last quarter, with 6 bullish, 11 somewhat bullish, 18 indifferent, 1 somewhat bearish, and 2 bearish ratings. The average 12-month price target among 38 analysts is $129.1, with a high of $299.00 and a low of $33.46. This target is a 39.22% decrease from the previous target of $212.41. Analysts rate stocks based on future earnings potential and company risk, typically updating their ratings quarterly or after significant company events.
December 07, 2023 | 4:00 pm
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SolarEdge Technologies has a mixed outlook from analysts, with a significant decrease in the average price target suggesting a bearish sentiment in the short term.
The decrease in the average price target for SolarEdge Technologies indicates that analysts have become more bearish on the stock. This could lead to a negative short-term impact on the stock price as investors adjust their expectations. The mixed ratings with a majority being neutral or bullish may buffer extreme negative reactions, but the significant drop in the target price is likely to weigh more heavily on investor sentiment.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100