Canadian Solar (CSIQ) Stock Forecast & Price Target

$16.17

+1.27 (+8.52%)

(As of 09/27/2024 ET)

Canadian 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

Hold

Based on 10 Analyst Ratings

Sell
2

Hold
4

Buy
4

Based on 10 Wall Street analysts who have issued ratings for Canadian Solar in the last 12 months, the stock has a consensus rating of "Hold." Out of the 10 analysts, 2 have given a sell rating, 4 have given a hold rating, and 4 have given a buy rating for CSIQ.

Consensus Price Target

$23.33
44.27% Upside

According to the 10 analysts' twelve-month price targets for Canadian Solar, the average price target is $23.33. The highest price target for CSIQ is $35.00, while the lowest price target for CSIQ is $12.28. The average price target represents a forecasted upside of 44.27% from the current price of $16.17.

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CSIQ Analyst Ratings Over Time

Type	Current Forecast 9/29/23 to 9/28/24	1 Month Ago 8/30/23 to 8/29/24	3 Months Ago 7/1/23 to 6/30/24	1 Year Ago 9/29/22 to 9/29/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	4 Buy rating(s)	4 Buy rating(s)	4 Buy rating(s)	4 Buy rating(s)
Hold	4 Hold rating(s)	4 Hold rating(s)	4 Hold rating(s)	3 Hold rating(s)
Sell	2 Sell rating(s)	2 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$23.33	$23.33	$28.89	$46.14
Forecasted Upside	44.27% Upside	86.47% Upside	95.86% Upside	87.50% Upside
Consensus Rating	Hold	Hold	Hold	Moderate Buy

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CSIQ 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.

CSIQ 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.

Canadian Solar Stock vs. The Competition

Type	Canadian Solar	Oils/Energy Companies	S&P 500
Consensus Rating Score	2.20	2.59	2.50
Consensus Rating	Hold	Moderate Buy	Hold
Predicted Upside	44.27% Upside	207.39% Upside	6.14% Upside
News Sentiment Rating	Positive News See Recent CSIQ 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	Action	Rating	Price Target	Upside/Downside on Report Date
8/26/2024	Roth Mkm 1 of 5 stars	Lower Target	Buy ➝ Buy	$25.00 ➝ $20.00	+47.06%
8/26/2024	The Goldman Sachs Group 2 of 5 stars	Lower Target	Neutral ➝ Neutral	$18.00 ➝ $16.00	+18.26%
8/23/2024	Oppenheimer 3 of 5 stars	Lower Target	Outperform ➝ Outperform	$43.00 ➝ $27.00	+119.96%
7/30/2024	Glj Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Sell ➝ Sell	$9.10 ➝ $12.28	-25.12%
7/16/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Underweight ➝ Underweight	$17.00 ➝ $20.00	+28.29%
6/12/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy ➝ Buy	$38.00 ➝ $35.00	+88.78%
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3/19/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Equal Weight ➝ Equal Weight	$28.00 ➝ $23.00	+20.17%
3/15/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Neutral ➝ Neutral	$26.00 ➝ $24.00	+24.35%
3/11/2024	Daiwa Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Neutral	$21.00	+1.79%
11/15/2023	Roth Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy	$50.00 ➝ $35.00	+71.15%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 11:28 AM ET.

CSIQ Forecast - Frequently Asked Questions

: According to the research reports of 10 Wall Street equities research analysts, the average twelve-month stock price forecast for Canadian Solar is $23.33, with a high forecast of $35.00 and a low forecast of $12.28.
: 10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Canadian Solar in the last twelve months. There are currently 2 sell ratings, 4 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" CSIQ shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CSIQ, but not buy additional shares or sell existing shares.
: According to analysts, Canadian Solar's stock has a predicted upside of 44.27% based on their 12-month stock forecasts.
: Canadian Solar has been rated by research analysts at Glj Research, JPMorgan Chase & Co., Oppenheimer, Roth Mkm, and The Goldman Sachs Group in the past 90 days.
: Analysts like Canadian Solar less than other "oils/energy" companies. The consensus rating for Canadian Solar is Hold while the average consensus rating for "oils/energy" companies is Moderate Buy. Learn more on how CSIQ compares to other companies.