A Closer Look at 30 Analyst Recommendations For SolarEdge Technologies
Portfolio Pulse from Benzinga Insights
SolarEdge Technologies (NASDAQ:SEDG) has been analyzed by 30 analysts, showing a range of ratings from bullish to bearish. The average 12-month price target has decreased by 28.98% to $33.53. Recent analyst actions include multiple downgrades and lowered price targets, reflecting challenges such as a 73.23% decline in revenue growth and negative profitability metrics.
August 27, 2024 | 3:01 pm
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SolarEdge Technologies has seen a significant decrease in its average 12-month price target by 28.98%, with analysts predominantly lowering their ratings. The company faces a 73.23% decline in revenue growth and negative profitability metrics, which are influencing these downgrades.
The decrease in the average price target and the predominance of downgrades indicate a negative sentiment among analysts. The significant decline in revenue growth and negative profitability metrics further support a likely short-term negative impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100