Array Technologies (ARRY) Stock Forecast & Price Target

$7.63 +0.92 (+13.71%)

(As of 11/14/2024 ET)

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 24 Analyst Ratings

Sell
1

Hold
12

Buy
11

Based on 24 Wall Street analysts who have issued ratings for Array Technologies in the last 12 months, the stock has a consensus rating of "Hold." Out of the 24 analysts, 1 has given a sell rating, 12 have given a hold rating, and 11 have given a buy rating for ARRY.

Consensus Price Target

$11.57
51.66% Upside

According to the 24 analysts' twelve-month price targets for Array Technologies, the average price target is $11.57. The highest price target for ARRY is $18.00, while the lowest price target for ARRY is $6.00. The average price target represents a forecasted upside of 51.66% from the current price of $7.63.

ARRY Analyst Ratings Over Time

Type	Current Forecast 11/16/23 to 11/15/24	1 Month Ago 10/17/23 to 10/16/24	3 Months Ago 8/18/23 to 8/17/24	1 Year Ago 11/16/22 to 11/16/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	11 Buy rating(s)	12 Buy rating(s)	11 Buy rating(s)	13 Buy rating(s)
Hold	12 Hold rating(s)	10 Hold rating(s)	11 Hold rating(s)	3 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$11.57	$12.88	$13.78	$27.71
Forecasted Upside	51.66% Upside	87.41% Upside	110.31% Upside	82.09% Upside
Consensus Rating	Hold	Hold	Hold	Moderate Buy

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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.

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.

Array Technologies Stock vs. The Competition

Type	Array Technologies	Oils/Energy Companies	S&P 500
Consensus Rating Score	2.42	2.63	2.50
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	51.66% Upside	1,378.35% Upside	8.87% Upside
News Sentiment Rating	Neutral News See Recent ARRY News	Positive 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
11/12/2024	Susquehanna 2 of 5 stars	B. Perincheril Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Positive ➝ Positive	$10.00 ➝ $9.00	+39.97%
11/8/2024	JPMorgan Chase & Co. 3 of 5 stars		Lower Target	Overweight ➝ Overweight	$20.00 ➝ $15.00	+127.62%
11/8/2024	Roth Mkm 1 of 5 stars		Lower Target	Neutral ➝ Neutral	$7.00 ➝ $6.00	-8.95%
11/8/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$16.00 ➝ $10.00	+51.74%
11/8/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$17.00 ➝ $14.00	+111.80%
11/8/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold	$11.50 ➝ $10.00	+61.29%
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11/7/2024	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Osha Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Neutral
11/7/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Neutral	$11.00 ➝ $7.00	+17.85%
10/22/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$8.00 ➝ $7.00	+6.22%
10/16/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$12.00 ➝ $10.00	+38.89%
10/14/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Market Perform ➝ Market Perform	$11.00 ➝ $9.00	+32.94%
10/3/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$11.00 ➝ $10.00	+56.01%
9/4/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$11.00	+72.96%
8/16/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Sector Outperform ➝ Sector Outperform	$17.00 ➝ $12.00	+82.09%
8/15/2024	Marathon Capitl Subscribe to MarketBeat All Access for the recommendation accuracy rating	A. Kania Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Strong-Buy ➝ Hold
8/9/2024	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	Strong-Buy ➝ Hold
8/9/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$21.00 ➝ $14.00	+102.60%
8/9/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$14.00 ➝ $10.00	+44.72%
7/12/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	V. Bagri Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Buy	$17.00 ➝ $14.00	+29.39%
5/23/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$18.00 ➝ $17.00	+34.60%
4/19/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$18.00 ➝ $16.00	+42.60%
3/5/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Sector Weight
2/28/2024	Cantor Fitzgerald Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$22.00 ➝ $18.00	+25.35%
2/28/2024	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Neutral ➝ Underperform	$12.00	-12.02%
6/28/2023	Janney Montgomery Scott Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$37.00	+81.19%
5/18/2023	Seaport 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 Rating	Buy
4/11/2023	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Outperform	$25.00	+23.70%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 01:54 AM ET.

ARRY Forecast - Frequently Asked Questions

: According to the research reports of 24 Wall Street equities research analysts, the average twelve-month stock price forecast for Array Technologies is $11.57, with a high forecast of $18.00 and a low forecast of $6.00.
: 24 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Array Technologies in the last twelve months. There is currently 1 sell rating, 12 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" ARRY shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ARRY, but not buy additional shares or sell existing shares.
: According to analysts, Array Technologies's stock has a predicted upside of 51.66% based on their 12-month stock forecasts.
: Over the previous 90 days, Array Technologies's stock had 2 downgrades and 1 upgrade by analysts.
: Array Technologies has been rated by research analysts at Bank of America, Barclays, BMO Capital Markets, Guggenheim, Jefferies Financial Group, JPMorgan Chase & Co., Oppenheimer, Piper Sandler, Roth Mkm, Susquehanna, TD Cowen, Truist Financial, and UBS Group in the past 90 days.
: 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.

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This page (NASDAQ:ARRY) was last updated on 11/15/2024 by MarketBeat.com Staff

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Array Technologies (ARRY) Stock Forecast & Price Target