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NASDAQ: ARRY
Array Technologies Inc Stock Forecast, Predictions & Price Target

Analyst price target for ARRY

Based on 12 analysts offering 12 month price targets for Array Technologies Inc.
Min Forecast
$15.00+11.94%
Avg Forecast
$22.33+66.66%
Max Forecast
$31.00+131.34%

Should I buy or sell ARRY stock?

Based on 12 analysts offering ratings for Array Technologies Inc.
Buy
Strong Buy
4 analysts 33.33%
Buy
0 analysts 0%
Hold
7 analysts 58.33%
Sell
0 analysts 0%
Strong Sell
1 analysts 8.33%

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ARRY stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
lockedlocked$00.00+00.00%2024-01-23
lockedlocked$00.00+00.00%2024-01-22
lockedlocked$00.00+00.00%2024-01-08
lockedlocked$00.00+00.00%2024-01-03
lockedlocked$00.00+00.00%2023-12-19
Jefferies
Bottom 39%
39
HoldInitiates Coverage On$18.00+34.33%2023-12-15
Morgan Stanley
Bottom 15%
15
HoldMaintains$19.00+41.79%2023-12-08
Goldman Sachs
Bottom 4%
4
Strong BuyMaintains$31.00+131.34%2023-11-09
Guggenheim
Top 5%
96
Strong BuyMaintains$30.00+123.88%2023-11-08
JP Morgan
Top 12%
89
Strong BuyMaintains$30.00+123.88%2023-11-08

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Forecast return on equity

Is ARRY forecast to generate an efficient return?
Company
N/A
Industry
N/A
Market
37.62%

Forecast return on assets

Is ARRY forecast to generate an efficient return on assets?
Company
N/A
Industry
N/A

ARRY revenue forecast

What is ARRY's revenue in the next 3 years based on estimates from 10 analysts?
Avg 1 year Forecast
$1.9B+15.26%
Avg 2 year Forecast
$2.2B+34.35%
Avg 3 year Forecast
$2.8B+71.77%
ARRY's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

ARRY earnings growth forecast

How is ARRY forecast to perform vs Solar companies and vs the US market?
Company
100.69%
Industry
36.25%
Market
21.53%
ARRY's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Industry Forecast
ARRY's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Market Forecast
ARRY's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Savings Rate Forecast

ARRY revenue growth forecast

How is ARRY forecast to perform vs Solar companies and vs the US market?
Company
16.94%
Industry
17.67%
Market
10%
ARRY's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
ARRY's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

ARRY vs Solar Stocks

TickerPricePrice TargetUp/downsideConsensus
ARRY$13.40$22.33+66.66%Buy
SHLS$14.64$23.92+63.37%Strong Buy
RUN$11.90$21.72+82.54%Strong Buy
CSIQ$21.17$32.60+53.99%Hold
JKS$26.09$24.19-7.30%Sell

Array Technologies Stock Forecast FAQ

Is Array Technologies Stock a good buy in 2024, according to Wall Street analysts?

The consensus among 12 Wall Street analysts covering (NASDAQ: ARRY) stock is to Buy ARRY stock.

Out of 12 analysts, 4 (33.33%) are recommending ARRY as a Strong Buy, 0 (0%) are recommending ARRY as a Buy, 7 (58.33%) are recommending ARRY as a Hold, 0 (0%) are recommending ARRY as a Sell, and 1 (8.33%) are recommending ARRY as a Strong Sell.

If you're new to stock investing, here's how to buy Array Technologies stock.

What is ARRY's revenue growth forecast for 2024-2026?

(NASDAQ: ARRY) Array Technologies's forecast annual revenue growth rate of 16.94% is not forecast to beat the US Solar industry's average forecast revenue growth rate of 17.67%, and while it is forecast to beat the US market's average forecast revenue growth rate of 10%.

Array Technologies's revenue in 2024 is $1,637,007,000.On average, 10 Wall Street analysts forecast ARRY's revenue for 2024 to be $285,322,059,206, with the lowest ARRY revenue forecast at $255,791,748,909, and the highest ARRY revenue forecast at $306,196,738,187. On average, 9 Wall Street analysts forecast ARRY's revenue for 2025 to be $332,584,770,030, with the lowest ARRY revenue forecast at $267,693,998,050, and the highest ARRY revenue forecast at $364,690,296,981.

In 2026, ARRY is forecast to generate $425,205,620,112 in revenue, with the lowest revenue forecast at $425,205,620,112 and the highest revenue forecast at $425,205,620,112.

What is ARRY's forecast return on assets (ROA) for 2024-2027?

(NASDAQ: ARRY) forecast ROA is N/A, which is lower than the forecast US Solar industry average of N/A.

What is ARRY's Price Target?

According to 12 Wall Street analysts that have issued a 1 year ARRY price target, the average ARRY price target is $22.33, with the highest ARRY stock price forecast at $31.00 and the lowest ARRY stock price forecast at $15.00.

On average, Wall Street analysts predict that Array Technologies's share price could reach $22.33 by Jan 23, 2025. The average Array Technologies stock price prediction forecasts a potential upside of 66.66% from the current ARRY share price of $13.40.

What is ARRY's forecast return on equity (ROE) for 2024-2027?

(NASDAQ: ARRY) forecast ROE is N/A, which is considered weak.
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