The Analyst Landscape: 19 Takes On SolarEdge Technologies
Portfolio Pulse from Benzinga Insights
SolarEdge Technologies (NASDAQ:SEDG) has been analyzed by 19 analysts, showing a mix of ratings from bullish to bearish. The average 12-month price target is now $86.63, down from $97.88, indicating a negative sentiment shift. Analyst actions include lowering and raising price targets, reflecting responses to market dynamics and company performance. SolarEdge's financials show a -64.52% revenue decline and below-average profitability metrics, suggesting operational challenges.
April 22, 2024 | 8:00 pm
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SolarEdge Technologies faces a challenging outlook with a significant decrease in average price target and negative revenue trends. Analysts' mixed ratings and operational difficulties suggest potential short-term pressure on the stock.
The decrease in the average price target, combined with a significant revenue decline and below-average profitability metrics, indicates a bearish outlook for SolarEdge. Analysts' mixed ratings reflect uncertainty and potential operational challenges, likely influencing investor sentiment and possibly leading to short-term stock pressure.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100