Expert Ratings For Array Technologies
Portfolio Pulse from Benzinga Insights
Array Technologies (NASDAQ:ARRY) has seen a diverse range of analyst ratings over the last three months, with a total of 11 analysts providing insights. The average 12-month price target for ARRY has decreased by 18.63% to $20.18. Analysts have adjusted their ratings and price targets, reflecting changes in market conditions and company performance. Despite a decline in revenue by -15.04% for the last quarter of 2023, Array Technologies showcases strong profitability with a net margin of 2.86% and exceeds industry averages in ROE and ROA. However, its high debt-to-equity ratio of 2.82 poses potential financial challenges.
March 22, 2024 | 12:01 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Array Technologies has received varied analyst ratings, with a notable decrease in the average price target. The company's financial performance shows a mix of challenges and strengths, including a significant revenue decline but strong profitability metrics.
The mixed analyst ratings and the decrease in the average price target suggest uncertainty in ARRY's short-term stock price movement. However, the company's strong profitability and financial health metrics may counterbalance the negative impact of the revenue decline, leading to a neutral short-term price direction.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100