Deep Dive Into Array Technologies Stock: Analyst Perspectives (16 Ratings)
Portfolio Pulse from Benzinga Insights
Array Technologies (NASDAQ: ARRY) has received mixed analyst ratings over the past three months, with a recent trend towards more neutral and lower ratings. The average 12-month price target has decreased from $21.36 to $18.62. Analysts have adjusted their ratings and price targets in response to the company's financial performance, which includes a significant revenue decline and challenges in ROE and ROA.
May 17, 2024 | 3:00 pm
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Array Technologies has received mixed analyst ratings, with a recent trend towards more neutral and lower ratings. The average 12-month price target has decreased from $21.36 to $18.62. The company faces financial challenges, including a significant revenue decline and lower ROE and ROA compared to industry averages.
The mixed analyst ratings and the trend towards more neutral and lower ratings indicate a cautious outlook on Array Technologies. The decrease in the average 12-month price target and the company's financial challenges, such as a significant revenue decline and lower ROE and ROA, suggest potential short-term downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100