Array Technologies Stock: A Deep Dive Into Analyst Perspectives (18 Ratings)
Portfolio Pulse from Benzinga Insights
Array Technologies (NASDAQ: ARRY) has been evaluated by 18 analysts over the past three months, with a mix of bullish and bearish sentiments. The average 12-month price target has decreased by 28.1% to $13.64. Analysts have lowered their ratings and price targets, reflecting concerns over the company's recent financial performance, including a significant revenue decline. Despite challenges, Array Technologies shows strong net margin, ROE, and ROA, but faces high debt management risks.
October 03, 2024 | 4:00 pm
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NEGATIVE IMPACT
Array Technologies has received mixed analyst ratings, with a notable decrease in the average price target by 28.1%. Analysts have lowered their ratings and price targets, indicating concerns over the company's financial performance, including a significant revenue decline. Despite strong net margin, ROE, and ROA, the company faces high debt management risks.
The decrease in the average price target by 28.1% and the lowering of ratings by multiple analysts suggest a negative short-term outlook for Array Technologies. The company's significant revenue decline and high debt levels contribute to this sentiment, despite its strong net margin, ROE, and ROA.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100