Expert Outlook: SolarEdge Technologies Through The Eyes Of 29 Analysts
Portfolio Pulse from Benzinga Insights
In the past three months, 29 analysts have provided ratings for SolarEdge Technologies (NASDAQ:SEDG), with a mix of bullish, bearish, and neutral sentiments. The average 12-month price target has dropped by 23.77% to $55.21. Recent analyst actions include multiple downgrades and lowered price targets, reflecting concerns over the company's financial performance and market conditions.
July 16, 2024 | 9:01 pm
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NEGATIVE IMPACT
SolarEdge Technologies (NASDAQ:SEDG) has received mixed ratings from 29 analysts over the past three months, with a notable drop in the average 12-month price target by 23.77% to $55.21. Recent analyst actions include multiple downgrades and lowered price targets, indicating concerns over the company's financial performance and market conditions.
The significant drop in the average price target and multiple downgrades by analysts suggest a bearish outlook for SolarEdge Technologies in the short term. Concerns over financial performance, including revenue decline and low profitability metrics, are likely to negatively impact the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100