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TPI Composites (TPIC) Stock Forecast & Price Target

TPI Composites logo
$1.99 -0.15 (-7.01%)
(As of 05:00 PM ET)

TPI Composites - 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

Sell
1
Hold
3
Buy
3

Based on 7 Wall Street analysts who have issued ratings for TPI Composites in the last 12 months, the stock has a consensus rating of "Hold." Out of the 7 analysts, 1 has given a sell rating, 3 have given a hold rating, 2 have given a buy rating, and 1 has given a strong buy rating for TPIC.

Consensus Price Target

$4.58
129.90% Upside
According to the 7 analysts' twelve-month price targets for TPI Composites, the average price target is $4.58. The highest price target for TPIC is $9.00, while the lowest price target for TPIC is $2.00. The average price target represents a forecasted upside of 129.90% from the current price of $1.99.
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TPIC Analyst Ratings Over Time

TypeCurrent Forecast
11/27/23 to 11/26/24
1 Month Ago
10/28/23 to 10/27/24
3 Months Ago
8/29/23 to 8/28/24
1 Year Ago
11/27/22 to 11/27/23
Strong Buy
1 Strong Buy rating(s)
1 Strong Buy rating(s)
1 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
2 Buy rating(s)
2 Buy rating(s)
2 Buy rating(s)
4 Buy rating(s)
Hold
3 Hold rating(s)
4 Hold rating(s)
4 Hold rating(s)
9 Hold rating(s)
Sell
1 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$4.58$5.08$5.09$12.08
Forecasted Upside129.90% Upside46.68% Upside24.15% Upside441.85% Upside
Consensus Rating
Hold
Moderate Buy
Moderate Buy
Hold

TPIC 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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TPIC 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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TPI Composites Stock vs. The Competition

TypeTPI CompositesIndustrial Products CompaniesS&P 500
Consensus Rating Score
2.43
2.59
2.50
Consensus RatingHoldModerate BuyModerate Buy
Predicted Upside129.90% Upside37.16% Upside6.79% Upside
News Sentiment Rating
Very Positive News

See Recent TPIC News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
11/15/2024Morgan Stanley
3 of 5 stars
 Reiterated RatingEqual Weight ➝ Underweight$4.00 ➝ $2.00-15.97%
11/7/2024Bank of America
4 of 5 stars
 Lower TargetBuy ➝ Buy$7.00 ➝ $4.00+35.14%
10/17/2024Jefferies Financial Group
2 of 5 stars
Julien Dumoulin-Smith
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Initiated CoverageHold$5.00+6.38%
8/12/2024Evercore ISI
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J. West
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UpgradeStrong-Buy
8/12/2024Piper Sandler
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 Boost TargetNeutral ➝ Neutral$3.50 ➝ $3.70-8.64%
7/16/2024JPMorgan Chase & Co.
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 Boost TargetOverweight ➝ Overweight$8.00 ➝ $9.00+93.55%
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5/6/2024Roth Mkm
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 Boost TargetNeutral ➝ Neutral$3.30 ➝ $3.75-5.78%
10/3/2023Raymond James
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 DowngradeOutperform ➝ Market Perform
7/27/2023Roth Capital
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J. Clare
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DowngradeBuy ➝ Neutral
7/27/2023Johnson Rice
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 DowngradeAccumulate ➝ Hold$10.00+43.27%
7/27/2023Craig Hallum
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 DowngradeBuy ➝ Hold$15.00 ➝ $11.00+3.19%
7/27/2023BTIG Research
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 DowngradeBuy ➝ Neutral
5/23/2023Stifel Nicolaus
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 Lower Target$15.00 ➝ $13.00+21.84%
5/8/2023UBS Group
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 Lower Target$12.00 ➝ $9.00-0.55%
3/16/2023Guggenheim
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 UpgradeNeutral ➝ Buy$22.00+78.57%
2/26/2023Seaport Res Ptn
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T. Curran
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Reiterated RatingNeutral
2/10/2023Cowen
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 Boost TargetOutperform$13.00 ➝ $17.00+33.75%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 05:30 PM ET.


TPIC Forecast - Frequently Asked Questions

According to the research reports of 7 Wall Street equities research analysts, the average twelve-month stock price forecast for TPI Composites is $4.58, with a high forecast of $9.00 and a low forecast of $2.00.

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for TPI Composites in the last year. There is currently 1 sell rating, 3 hold ratings, 2 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" TPIC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TPIC, but not buy additional shares or sell existing shares.

According to analysts, TPI Composites's stock has a predicted upside of 129.90% based on their 12-month stock forecasts.

TPI Composites has been rated by research analysts at Bank of America, Jefferies Financial Group, and Morgan Stanley in the past 90 days.

Analysts like TPI Composites less than other "industrial products" companies. The consensus rating for TPI Composites is Hold while the average consensus rating for "industrial products" companies is Moderate Buy. Learn more on how TPIC compares to other companies.


This page (NASDAQ:TPIC) was last updated on 11/26/2024 by MarketBeat.com Staff
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