Deep Dive Into Array Technologies Stock: Analyst Perspectives (7 Ratings)
Portfolio Pulse from Benzinga Insights
Array Technologies (NASDAQ:ARRY) has received mixed analyst ratings over the last quarter, with a total of 7 analysts offering perspectives that range from bullish to indifferent. No changes in ratings occurred in the last 30 days. The average 12-month price target for ARRY is now $19.71, down from $23.67, indicating a 16.73% decrease. Analysts from firms including Truist Securities, Barclays, and Wells Fargo have adjusted their price targets, reflecting changing market dynamics and company performance. Array Technologies, a manufacturer of solar energy ground-mounting systems, has seen a -31.96% decline in revenue growth as of September 30, 2023, but maintains strong profitability metrics such as net margin and ROE.
February 28, 2024 | 1:01 pm
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NEGATIVE IMPACT
Array Technologies has seen a mix of analyst ratings and a significant decrease in its average price target, alongside a notable decline in revenue growth but strong profitability metrics.
The mixed analyst ratings and decreased price target reflect uncertainty and potentially lower investor confidence in the short term. The significant revenue decline further pressures the stock, despite strong profitability indicators like net margin and ROE. The high debt-to-equity ratio could concern investors about financial leverage and risk.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100