Where FTC Solar Stands With Analysts
Portfolio Pulse from Benzinga Insights
FTC Solar (NASDAQ:FTCI) has received mixed analyst ratings in the last quarter, with 2 bullish and 2 indifferent ratings. The average 12-month price target among 4 analysts is $1.75, with a high of $2.50 and a low of $1.00. This target is a 42.43% decrease from the previous target of $3.04. Analysts' ratings are based on predictions of a company's future earnings and revenue, and are updated quarterly or after major company events.
December 15, 2023 | 6:00 pm
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FTC Solar has a current average analyst price target of $1.75, which is significantly lower than the previous target of $3.04, indicating a bearish sentiment among analysts.
The decrease in the average price target for FTC Solar suggests that analysts have become more bearish on the stock's future performance. This could lead to a negative short-term impact on FTCI's stock price as market participants often react to analyst ratings and target changes.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100