Demystifying Shoals Technologies Gr: Insights From 12 Analyst Reviews
Portfolio Pulse from Benzinga Insights
Shoals Technologies Gr (NASDAQ:SHLS) has been the subject of 12 analyst reviews over the past three months, showing a mix of bullish to bearish sentiments. The average 12-month price target is now $19.33, a 20.06% decrease from the previous $24.18. Analysts from firms like Goldman Sachs, Cantor Fitzgerald, and JP Morgan have lowered their price targets, reflecting adjustments to market conditions and company performance. Despite a positive revenue trend with a 47.77% growth rate as of September 30, 2023, SHLS faces challenges in market capitalization, ROE, and ROA, positioning below industry averages.
March 01, 2024 | 4:01 pm
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Shoals Technologies Gr has seen a mix of analyst sentiments, with a downward adjustment in the average price target to $19.33, reflecting a 20.06% decrease. Despite positive revenue growth, challenges in market cap, ROE, and ROA suggest caution.
The reduction in the average price target by analysts, coupled with the company's below-average performance in market capitalization, ROE, and ROA, suggests a cautious outlook for SHLS in the short term. Despite positive revenue growth, the overall sentiment and financial metrics indicate potential downward pressure on the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100