What 6 Analyst Ratings Have To Say About Canadian Solar
Portfolio Pulse from Benzinga Insights
Canadian Solar (NASDAQ:CSIQ) received mixed analyst ratings in the last quarter with 1 bullish, 1 somewhat bullish, 3 indifferent, and 1 somewhat bearish rating. The average 12-month price target for CSIQ is $32.00, which is a 25.93% decrease from the previous target of $43.20. Analysts derive their ratings by evaluating company financials, attending calls and meetings, and communicating with insiders. Ratings are updated quarterly or after major company events.
December 18, 2023 | 3:00 pm
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Canadian Solar has a new average price target of $32.00, reflecting a significant decrease from the previous $43.20. The mixed analyst ratings indicate uncertainty, with a lean towards a neutral to slightly negative outlook.
The decrease in the average price target suggests that analysts have become more bearish on the stock's prospects. This could lead to short-term negative sentiment among investors, potentially impacting the stock price negatively.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100