Array TechnologiesInc Stock Target Price and Analyst Consensus
| ARRY Stock | USD 11.17 0.23 2.02% |
The current analyst and expert consensus on Array TechnologiesInc is Buy with 11 hold recommendations. The current projected Array TechnologiesInc target price consensus is 29.64 with 27 analyst opinions. One of the most common ways Array TechnologiesInc analysts use to provide buy-or-sell recommendation to the public are conference calls analysis and financial statements evaluations. Some experts can also talk to Array TechnologiesInc vendors, executives, and/or customers. Array TechnologiesInc recommendation module provides expert sentiment on the projected Array TechnologiesInc target price to derive its highest and lowest estimates based on target price standard deviation of 0.0. Check out Macroaxis Advice on Array TechnologiesInc to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon. For more information on how to buy Array Stock please use our How to Invest in Array TechnologiesInc guide.
Lowest Forecast 26.97 | Highest Forecast 32.9 | Target Price 29.64 |
Array |
It's important to approach Array TechnologiesInc's target price projections with caution. While they can be useful as part of a broader investment strategy, they are inherently speculative and subject to various kinds of risk, including market volatility and unforeseen external factors. Always consider multiple aspects and do your own research when making investment decisions.
Array TechnologiesInc Target Price Consensus
We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Array target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysts' performance other than comparing it to past results via a very sophisticated attribution analysis. Array TechnologiesInc's target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, investor sentiment analysis, technical analysis, earnings estimate, and various momentum models.
| 27 | Buy |
Most Array analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to help potential investors understand Array stock's fair price compared to its market value. Analysts arrive at stock ratings after researching the public financial statements of Array TechnologiesInc, talking to its executives and customers, or listening to those companies' conference calls.
Macroaxis Advice Exposure ValuationArray TechnologiesInc Target Price Projection
Array TechnologiesInc's current and average target prices are 11.17 and 29.64, respectively. The current price of Array TechnologiesInc is the price at which Array TechnologiesInc is currently trading. On the other hand, Array TechnologiesInc's target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.Current Price
Array TechnologiesInc Market Quote on 18th of April 2024
Target Price
Analyst Consensus On Array TechnologiesInc Target Price
Array TechnologiesInc Analyst Ratings
Array TechnologiesInc's analyst stock recommendations are determined by taking an average estimate of all analysts we track and classifying them as Strong Buy, Buy, Hold, Strong Sell, or Sell. Ratings generally communicate what analysts sense about Array TechnologiesInc stock, and they use a lot of effort and time to analyze it and arrive at a rating. That suggests that analyst recommendations are the outcome of an objective and thorough examination of Array TechnologiesInc's financials, market performance, and future outlook by experienced professionals. Array TechnologiesInc's historical ratings below, therefore, can serve as a valuable tool for investors.Analyst Consensus Breakdown
Average Consensus Estimates
Analysts determine stock price targets through various methods, including financial modeling, peer comparison, and company analysis. The stock price target is the analyst's best estimate of the future price of a stock and is used by investors to make investment decisions. However, it is important to note that stock price targets are not guaranteed, and the actual price of a stock can differ significantly from the target due to various factors such as market conditions, economic events, and company developments.
Steps to utilize Array TechnologiesInc price targets
Array TechnologiesInc's stock target price is an estimate of its future price, usually made by analysts. Using Array TechnologiesInc's target price to determine if it is a suitable investment can be done through the following steps:- Look at Array TechnologiesInc's target prices provided by various analysts and compare them. This can help you gain a more balanced view of the Stock's potential.
- Look at the analyst's track record to determine if they have a history of accurately predicting stock prices.
- Look at the Company's financials, including revenue, earnings, and debt, to determine if it is in good financial health.
- Consider market conditions. For example, take into account the state of the economy, competition, and regulatory environment, to determine if Array TechnologiesInc's stock is likely to perform well.
- Diversify your portfolio and do not rely solely on stock target prices to make investment decisions. Invest in a mix of stocks, bonds, and other assets to manage risk.
Additional Array TechnologiesInc Value Projection Modules
Most investment researchers agree that the mispricing and readjustment of any Stock value happens often and is sometimes even predictable, but there is no strong theory explaining why it happens. The current price of Array TechnologiesInc is a key component of Array TechnologiesInc valuation and have some predictive power on the future returns of a Array TechnologiesInc.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Array TechnologiesInc's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Trending Themes
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Check out Macroaxis Advice on Array TechnologiesInc to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon. For more information on how to buy Array Stock please use our How to Invest in Array TechnologiesInc guide.You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
Complementary Tools for Array Stock analysis
When running Array TechnologiesInc's price analysis, check to measure Array TechnologiesInc's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Array TechnologiesInc is operating at the current time. Most of Array TechnologiesInc's value examination focuses on studying past and present price action to predict the probability of Array TechnologiesInc's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Array TechnologiesInc's price. Additionally, you may evaluate how the addition of Array TechnologiesInc to your portfolios can decrease your overall portfolio volatility.
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The data published in Array TechnologiesInc's official financial statements usually reflect Array TechnologiesInc's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Array TechnologiesInc. For example, before you start analyzing numbers published by Array accountants, it's critical to develop an understanding of what Array TechnologiesInc's liquidity, profitability, and earnings quality are in the context of the Electrical Equipment space in which it operates.
Please note, the presentation of Array TechnologiesInc's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Array TechnologiesInc's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Array TechnologiesInc's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Array TechnologiesInc. Please utilize our Beneish M Score to check the likelihood of Array TechnologiesInc's management manipulating its earnings.