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Array Technologies (ARRY) Stock Forecast & Price Target

$10.11
+0.48 (+4.98%)
(As of 07/3/2024 ET)
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Array Technologies - 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

Hold
Based on 19 Analyst Ratings

Consensus Price Target

$18.47
82.71% Upside
High Forecast$29.00
Average Forecast$18.47
Low Forecast$12.00
TypeCurrent Forecast
7/5/23 to 7/4/24		1 Month Ago
6/5/23 to 6/4/24		3 Months Ago
4/6/23 to 4/5/24		1 Year Ago
7/5/22 to 7/5/23
Consensus Rating
Hold
Hold
Hold
Moderate Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
10 Buy rating(s)
10 Buy rating(s)
9 Buy rating(s)
14 Buy rating(s)
Hold
8 Hold rating(s)
8 Hold rating(s)
8 Hold rating(s)
1 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$18.47$19.75$20.59$27.25
Forecasted Upside82.71% Upside40.71% Upside34.90% Upside35.18% Upside

ARRY 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.
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ARRY 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.
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Array Technologies Stock vs. The Competition

TypeArray TechnologiesOils/Energy CompaniesS&P 500
Consensus Rating Score
2.47
2.57
2.50
Consensus RatingHoldModerate BuyModerate Buy
Predicted Upside82.71% Upside417.57% Upside12.08% Upside
News Sentiment RatingPositive News
Positive News
Positive News
Export to Excel
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
6/28/2024Susquehanna
Subscribe to MarketBeat All Access for the recommendation accuracy rating		B. Perincheril
Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated CoveragePositive$14.00+32.08%
5/23/2024Morgan Stanley
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetEqual Weight ➝ Equal Weight$18.00 ➝ $17.00+34.60%
5/17/2024Wells Fargo & Company
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetEqual Weight ➝ Equal Weight$16.00 ➝ $14.00+24.22%
5/10/2024Piper Sandler
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetNeutral ➝ Neutral$13.00 ➝ $14.00-3.78%
5/10/2024Oppenheimer
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 UpgradeMarket Perform ➝ Outperform$20.00+59.87%
5/9/2024Roth Mkm
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetBuy ➝ Buy$25.00 ➝ $20.00+59.87%
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4/29/2024Scotiabank
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetSector Outperform ➝ Sector Outperform$25.00 ➝ $18.00+43.66%
4/19/2024Mizuho
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetNeutral ➝ Neutral$18.00 ➝ $16.00+42.60%
4/5/2024Guggenheim
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetBuy ➝ Buy$20.00 ➝ $22.00+58.16%
4/2/2024Barclays
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 UpgradeEqual Weight ➝ Overweight$15.00 ➝ $18.00+22.53%
3/22/2024BMO Capital Markets
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Initiated CoverageMarket Perform$16.00+14.04%
3/5/2024KeyCorp
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Initiated CoverageSector Weight
2/29/2024The Goldman Sachs Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetBuy ➝ Buy$31.00 ➝ $27.00+98.38%
2/29/2024Truist Financial
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetBuy ➝ Buy$25.00 ➝ $23.00+63.12%
2/28/2024Cantor Fitzgerald
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetOverweight ➝ Overweight$22.00 ➝ $18.00+25.35%
2/28/2024JPMorgan Chase & Co.
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetOverweight ➝ Overweight$35.00 ➝ $29.00+110.45%
2/28/2024TD Cowen
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetMarket Perform$22.50 ➝ $16.50+20.97%
2/28/2024BNP Paribas
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingNeutral ➝ Underperform$12.00-12.02%
12/15/2023Jefferies Financial Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Initiated CoverageHold$18.00-6.44%
6/28/2023Janney Montgomery Scott
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Initiated CoverageBuy$37.00+81.19%
5/18/2023Seaport Res Ptn
Subscribe to MarketBeat All Access for the recommendation accuracy rating		T. Curran
Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated RatingBuy
4/11/2023Wolfe Research
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Initiated CoverageOutperform$25.00+23.70%
3/9/2023Citigroup
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Initiated CoverageNeutral$24.00+16.11%
1/6/2023Bank of America
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Initiated CoverageBuy
11/9/2022Northland Securities
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost Target$26.00 ➝ $30.00+46.20%
8/15/2022Cowen
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost Target$23.00+0.35%
8/11/2022Credit Suisse Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetOutperform$20.00 ➝ $24.00+9.24%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 03:24 PM ET.

ARRY Forecast - Frequently Asked Questions

What is Array Technologies's stock forecast and purchase recommendation?

According to the research reports of 19 Wall Street equities research analysts, the average twelve-month stock price forecast for Array Technologies is $18.47, with a high forecast of $29.00 and a low forecast of $12.00. The consensus rating for Array Technologies stock is Hold based on the current 1 sell rating, 8 hold ratings and 10 buy ratings for ARRY. Learn more on ARRY's analyst rating history.

Do Wall Street analysts like Array Technologies more than its competitors?

Analysts like Array Technologies less than other "oils/energy" companies. The consensus rating for Array Technologies is Hold while the average consensus rating for "oils/energy" companies is Moderate Buy. Learn more on how ARRY compares to other companies.

Is Array Technologies being upgraded by Wall Street analysts?

Over the previous 90 days, Array Technologies's stock had 1 upgrade by analysts.

Does Array Technologies's stock price have much upside?

According to analysts, Array Technologies's stock has a predicted upside of 36.93% based on their 12-month stock forecasts.

What analysts cover Array Technologies?

Array Technologies has been rated by research analysts at Guggenheim, Mizuho, Morgan Stanley, Oppenheimer, Piper Sandler, Roth Mkm, Scotiabank, Susquehanna, and Wells Fargo & Company in the past 90 days.


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This page (NASDAQ:ARRY) was last updated on 7/4/2024 by MarketBeat.com Staff

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