What Analysts Are Saying About SolarEdge Technologies Stock
Portfolio Pulse from Benzinga Insights
SolarEdge Technologies (NASDAQ:SEDG) has seen a diverse range of analyst ratings over the last three months, with a shift towards more cautious stances recently. The average 12-month price target for SEDG has been adjusted to $83.82, marking an 11.52% decrease from the previous target of $94.73. This adjustment reflects a broader sentiment of caution among analysts, who have predominantly lowered their price targets and ratings due to challenges in revenue growth, profitability, and market capitalization compared to industry benchmarks.
April 05, 2024 | 5:00 pm
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NEGATIVE IMPACT
SolarEdge Technologies has experienced a downward revision in analyst sentiment, with the average 12-month price target reduced to $83.82 from $94.73. This reflects concerns over the company's revenue decline, profitability issues, and its market capitalization standing below industry benchmarks.
The adjustment in analyst ratings and price targets for SEDG is a direct response to the company's reported revenue decline of -64.52%, below-average net margin, and ROE and ROA lagging behind industry averages. These factors contribute to a bearish outlook in the short term, as they indicate significant operational and market challenges.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100