The Latest Analyst Ratings For SolarEdge Technologies
Portfolio Pulse from Benzinga Insights
SolarEdge Technologies (NASDAQ:SEDG) has seen a diverse range of analyst ratings over the past three months, with a notable shift towards more cautious or negative outlooks in the last 30 days. The average 12-month price target for SEDG has been adjusted to $76.38, marking a 10.42% decrease from the previous target of $85.26. This adjustment reflects a broader sentiment of caution among analysts, who have predominantly lowered their price targets and ratings based on the company's recent performance and market dynamics. SolarEdge's financial overview indicates challenges in revenue growth, profitability, and asset utilization, with a significant decline in revenue and below-average net margin and ROE.
May 10, 2024 | 12:00 pm
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Analyst sentiment towards SolarEdge Technologies has become more cautious, with a significant number of analysts lowering their price targets and ratings. The average 12-month price target has decreased to $76.38, reflecting concerns over the company's recent performance and market position. Financial challenges, including a notable decline in revenue and below-average profitability metrics, further underscore the cautious outlook.
The adjustment in analyst ratings and price targets for SEDG, combined with the company's negative revenue trend and below-average profitability metrics, suggests a bearish outlook in the short term. Analysts' consensus moving towards a more cautious stance, along with the financial challenges highlighted, indicate potential downward pressure on SEDG's stock price in the near term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100