Decoding 17 Analyst Evaluations For SunPower
Portfolio Pulse from Benzinga Insights
Analyst ratings for SunPower (NASDAQ:SPWR) show a mix of opinions, with recent evaluations leading to a decrease in the average 12-month price target from $7.43 to $4.88, a 34.32% drop. Analysts from firms like Mizuho, Goldman Sachs, and Barclays have adjusted their ratings and price targets, reflecting changes in market conditions and company performance. SunPower's financials indicate challenges with a revenue decline of -9.59%, a net margin of -8.68%, and a high debt-to-equity ratio of 0.86, suggesting potential financial strain.
January 04, 2024 | 9:01 pm
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SunPower's average 12-month price target has been lowered from $7.43 to $4.88, indicating a bearish sentiment among analysts. The company's financial challenges, such as revenue decline and high debt, may continue to pressure the stock in the short term.
The significant reduction in the average price target by analysts suggests a bearish outlook for SunPower, which is likely to influence investor sentiment negatively. The reported financial challenges, including a revenue decline and high debt-to-equity ratio, support the analysts' bearish stance and could lead to a decrease in the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100