Truist Securities has revised its price target for Array Technologies (ARRY, Financial), lowering it from $8 to $7, while maintaining a Buy rating on the stock. This adjustment reflects a series of hurdles the company has faced in recent quarters, including project delays and a decline in market share.
The prevailing market environment is contributing to increased uncertainty, particularly around policies and tariffs, which poses risks to bookings and project schedules. Despite these challenges, the analyst notes that there is limited reliance on book-and-ship business within Array's fiscal year 2025 guidance.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 24 analysts, the average target price for Array Technologies Inc (ARRY, Financial) is $8.30 with a high estimate of $13.00 and a low estimate of $6.00. The average target implies an upside of 104.54% from the current price of $4.06. More detailed estimate data can be found on the Array Technologies Inc (ARRY) Forecast page.
Based on the consensus recommendation from 27 brokerage firms, Array Technologies Inc's (ARRY, Financial) average brokerage recommendation is currently 2.3, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Array Technologies Inc (ARRY, Financial) in one year is $11.95, suggesting a upside of 194.33% from the current price of $4.06. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Array Technologies Inc (ARRY) Summary page.
