Morgan Stanley has revised its outlook on Array Technologies (ARRY, Financial), reducing the share price target from $10 to $6 while maintaining an Equal Weight rating. This adjustment reflects the company's recent margin guidance, as highlighted during their fourth-quarter call.
The alterations in Array Technologies' financial expectations led to a 20% reduction in the projected 2025 adjusted EBITDA, prompting the change in Morgan Stanley's model for the company. Investors are being informed of these adjustments as Array repositions its financial strategies moving forward.
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 $7.99 with a high estimate of $13.00 and a low estimate of $5.00. The average target implies an upside of 83.30% from the current price of $4.36. 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 $11.90, suggesting a upside of 172.94% from the current price of $4.36. 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.
