FTC Solar (FTCI) Stock Forecast & Price Target

$0.56

+0.03 (+5.63%)

(As of 11/1/2024 ET)

FTC Solar - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 7 Analyst Ratings

Sell
0

Hold
4

Buy
3

Based on 7 Wall Street analysts who have issued ratings for FTC Solar in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 7 analysts, 4 have given a hold rating, 2 have given a buy rating, and 1 has given a strong buy rating for FTCI.

Consensus Price Target

$1.04
85.12% Upside

According to the 7 analysts' twelve-month price targets for FTC Solar, the average price target is $1.04. The highest price target for FTCI is $2.00, while the lowest price target for FTCI is $0.30. The average price target represents a forecasted upside of 85.12% from the current price of $0.56.

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FTCI Analyst Ratings Over Time

Type	Current Forecast 11/3/23 to 11/2/24	1 Month Ago 10/4/23 to 10/3/24	3 Months Ago 8/5/23 to 8/4/24	1 Year Ago 11/3/22 to 11/3/23
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	2 Buy rating(s)	2 Buy rating(s)	1 Buy rating(s)	2 Buy rating(s)
Hold	4 Hold rating(s)	5 Hold rating(s)	5 Hold rating(s)	2 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$1.04	$1.11	$1.49	$3.79
Forecasted Upside	85.12% Upside	112.91% Upside	272.82% Upside	202.86% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Hold	Moderate Buy

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FTCI Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

FTCI Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

FTC Solar Stock vs. The Competition

Type	FTC Solar	Oils/Energy Companies	S&P 500
Consensus Rating Score	2.57	2.64	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Hold
Predicted Upside	85.12% Upside	1,529.38% Upside	10.54% Upside
News Sentiment Rating	Neutral News See Recent FTCI News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
8/9/2024	TD Cowen 4 of 5 stars		Lower Target	Buy ➝ Buy	$1.50 ➝ $1.00	+299.99%
8/9/2024	UBS Group 4 of 5 stars		Lower Target	Neutral ➝ Neutral	$0.50 ➝ $0.30	+17.92%
5/13/2024	HC Wainwright 2 of 5 stars		Reiterated Rating	Buy ➝ Buy	$1.50	+222.09%
3/14/2024	Roth Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating	P. Shen Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Neutral
3/14/2024	Roth Mkm Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Neutral	$2.00 ➝ $0.45	-5.20%
12/15/2023	Northland Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Market Perform ➝ Market Perform	$0.65 ➝ $1.00	+6.53%
11/9/2023	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Strong-Buy ➝ Strong-Buy	$4.00 ➝ $2.00	+372.80%
10/6/2023	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$2.50 ➝ $1.50	+26.05%
3/15/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Underperform ➝ Buy	$2.00 ➝ $3.50	+44.03%
11/16/2022	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$6.00	+170.27%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 08:13 AM ET.

FTCI Forecast - Frequently Asked Questions

: According to the research reports of 7 Wall Street equities research analysts, the average twelve-month stock price forecast for FTC Solar is $1.04, with a high forecast of $2.00 and a low forecast of $0.30.
: 7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for FTC Solar in the last twelve months. There are currently 4 hold ratings, 2 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" FTCI shares.
: According to analysts, FTC Solar's stock has a predicted upside of 85.12% based on their 12-month stock forecasts.
: FTC Solar has been rated by research analysts at TD Cowen, and UBS Group in the past 90 days.
: Analysts like FTC Solar less than other "oils/energy" companies. The consensus rating score for FTC Solar is 2.57 while the average consensus rating score for "oils/energy" companies is 2.64. Learn more on how FTCI compares to other companies.

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This page (NASDAQ:FTCI) was last updated on 11/2/2024 by MarketBeat.com Staff

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FTC Solar (FTCI) Stock Forecast & Price Target