Where Array Technologies Stands With Analysts
Portfolio Pulse from Benzinga Insights
Array Technologies (NASDAQ:ARRY) has received 12 analyst ratings in the last quarter, with an average price target of $27.83, which is significantly higher than its current price of $16.315. The ratings include 5 bullish, 3 somewhat bullish, and 4 indifferent, with no bearish ratings. The current average price target has decreased by 11.37% from the previous target of $31.40.
December 08, 2023 | 4:00 pm
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POSITIVE IMPACT
Array Technologies has a positive outlook from analysts with an average price target of $27.83, suggesting a significant upside from the current price of $16.315. The decrease in the average price target may cause some concern, but the overall sentiment remains positive.
The positive analyst ratings and the high average price target compared to the current stock price suggest optimism about ARRY's future performance. Although the average price target has been reduced, the absence of bearish ratings and the presence of bullish ones indicate that analysts still have a favorable view of the stock. This could lead to increased investor confidence and a potential rise in the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100