Array Technologies (ARRY) Stock Forecast & Price Target

$6.83

-0.38 (-5.27%)

(As of 09/18/2024 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 23 Analyst Ratings

Based on 23 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 23 analysts, 1 has given a sell rating, 10 have given a hold rating, and 12 have given a buy rating for ARRY.

Consensus Price Target

$13.43
96.56% Upside

High Forecast	$22.00
Average Forecast	$13.43
Low Forecast	$8.00

According to the 23 analysts' twelve-month price targets for Array Technologies, the average price target is $13.43. The highest price target for ARRY is $22.00, while the lowest price target for ARRY is $8.00. The average price target represents a forecasted upside of 96.56% from the current price of $6.83.

Type	Current Forecast 9/20/23 to 9/19/24	1 Month Ago 8/21/23 to 8/20/24	3 Months Ago 6/22/23 to 6/21/24	1 Year Ago 9/20/22 to 9/20/23
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	12 Buy rating(s)	11 Buy rating(s)	10 Buy rating(s)	12 Buy rating(s)
Hold	10 Hold rating(s)	11 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	$13.43	$13.78	$19.75	$29.21
Forecasted Upside	96.56% Upside	45.71% Upside	40.71% Upside	37.50% Upside

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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	2.48	2.59	2.50
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	96.56% Upside	204.88% Upside	7.94% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

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Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
9/4/2024	Jefferies Financial Group 2 of 5 stars		Upgrade	Hold ➝ Buy	$11.00	+72.96%
8/16/2024	Scotiabank 5 of 5 stars		Lower Target	Sector Outperform ➝ Sector Outperform	$17.00 ➝ $12.00	+82.09%
8/16/2024	Guggenheim 3 of 5 stars		Lower Target	Buy ➝ Buy	$18.00 ➝ $14.00	+112.44%
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
8/12/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$23.00 ➝ $12.00	+68.54%
8/12/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$18.00 ➝ $11.00	+54.93%
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8/9/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$27.00 ➝ $22.00	+209.86%
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%
8/9/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$20.00 ➝ $17.00	+143.20%
8/9/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$24.00 ➝ $16.00	+127.60%
8/9/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Neutral ➝ Neutral	$14.00 ➝ $8.00	+10.19%
8/9/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold ➝ Hold	$16.50 ➝ $11.50	+27.92%
8/9/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Market Perform ➝ Market Perform	$15.00 ➝ $11.00	+22.36%
8/9/2024	Roth Mkm Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Neutral	$20.00 ➝ $8.00	-11.01%
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%
6/28/2024	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating	B. Perincheril Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Positive	$14.00	+32.08%
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%
1/6/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy
11/9/2022	Northland Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$26.00 ➝ $30.00	+46.20%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 05:31 AM ET.

ARRY Forecast - Frequently Asked Questions

What is Array Technologies' forecast for 2024?: According to the research reports of 23 Wall Street equities research analysts, the average twelve-month stock price forecast for Array Technologies is $13.43, with a high forecast of $22.00 and a low forecast of $8.00.
Should I buy or sell Array Technologies stock right now?: 23 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Array Technologies in the last year. There is currently 1 sell rating, 10 hold ratings and 12 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.
Does Array Technologies's stock price have much upside?: According to analysts, Array Technologies's stock has a predicted upside of 52.38% based on their 12-month stock forecasts.
Has Array Technologies been upgraded or downgraded by Wall Street analysts recently?: Over the previous 90 days, Array Technologies's stock had 3 downgrades and 2 upgrades by analysts.
What analysts cover Array Technologies?: Array Technologies has been rated by research analysts at Barclays, BMO Capital Markets, Citigroup, Guggenheim, Jefferies Financial Group, JPMorgan Chase & Co., Marathon Capitl, Oppenheimer, Piper Sandler, Roth Capital, Roth Mkm, Scotiabank, Susquehanna, TD Cowen, The Goldman Sachs Group, Truist Financial, UBS Group, and Wells Fargo & Company in the past 90 days.
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.