What 11 Analyst Ratings Have To Say About Maxeon Solar Technologies
Portfolio Pulse from Benzinga Insights
Maxeon Solar Technologies (NASDAQ:MAXN) received mixed analyst ratings with 3 bullish, 1 somewhat bullish, and 7 indifferent. The average 12-month price target is $9.45, down 39.03% from the previous target. Analysts from firms like Mizuho, Goldman Sachs, Morgan Stanley, UBS, Roth MKM, Northland Capital Markets, and Raymond James have adjusted their ratings and price targets, reflecting changes in market conditions and company performance. Maxeon is engaged in manufacturing and marketing solar technology, with a market cap below industry average, a negative revenue trend, and a high debt-to-equity ratio.
January 30, 2024 | 3:00 pm
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Maxeon Solar Technologies has received mixed analyst ratings with a lowered average price target of $9.45, indicating potential bearish sentiment in the short term. The company faces challenges with a negative revenue trend and high debt-to-equity ratio.
The lowered average price target suggests that analysts are less optimistic about Maxeon's future stock performance. The negative revenue trend and high debt-to-equity ratio could be contributing factors to the bearish sentiment. The adjustments in ratings and price targets by multiple analysts indicate a significant impact on investor perception and could lead to a decrease in stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100