Breaking Down Array Technologies: 13 Analysts Share Their Views
Portfolio Pulse from Benzinga Insights
Array Technologies (NASDAQ:ARRY) received mixed ratings from 13 analysts, with a shift towards a more bearish sentiment. The average 12-month price target was reduced by 16.12% to $25.08. Analysts from firms like Mizuho, Piper Sandler, and Goldman Sachs adjusted their price targets and ratings, reflecting changes in market conditions and company performance. Array Technologies, a manufacturer of solar energy ground-mounting systems, has seen a revenue decline of -31.96% over the last quarter but maintains strong profitability indicators such as net margin and ROE.
January 03, 2024 | 9:01 pm
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Array Technologies has experienced a negative shift in analyst sentiment, with a decrease in the average price target by 16.12% to $25.08. Despite a significant revenue decline, the company maintains strong profitability metrics.
The reduction in the average price target by analysts suggests a bearish outlook for ARRY in the short term, which could lead to a decrease in stock price. However, strong profitability metrics such as net margin and ROE may provide some support to the stock price.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 100