Analyst Ratings For Array Technologies
Portfolio Pulse from Benzinga Insights
Array Technologies (NASDAQ:ARRY) has seen a mix of bullish and bearish analyst ratings over the past three months, with a notable decrease in the average 12-month price target from $16.98 to $12.17. Analysts have adjusted their ratings and price targets, reflecting changing market conditions and company performance. Despite challenges such as a -49.63% revenue decline, Array Technologies maintains strong profitability with a net margin of 4.67% and a return on equity of 5.54%. However, the company faces debt management challenges with a high debt-to-equity ratio.
October 22, 2024 | 5:01 pm
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NEGATIVE IMPACT
Array Technologies has experienced a decrease in its average 12-month price target from $16.98 to $12.17, reflecting a 28.33% drop. Analysts have adjusted their ratings, with many lowering their price targets. Despite a significant revenue decline, the company shows strong profitability and financial management, but faces challenges in debt management.
The decrease in the average price target and the lowering of ratings by multiple analysts suggest a negative short-term outlook for Array Technologies. The significant revenue decline and high debt-to-equity ratio further contribute to this negative sentiment, despite the company's strong profitability metrics.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100