In a recent update, Guggenheim analyst Joseph Osha has maintained the "Buy" rating for Array Technologies (ARRY, Financial). The firm also raised its price target on the stock from a previous $10.00 to $12.00, reflecting a 20% increase. This adjustment in the price target indicates a positive outlook for the company's future performance.
The updated price target for Array Technologies (ARRY, Financial) was reported on May 16, 2025. The decision to maintain the "Buy" rating, alongside the increased price target, suggests confidence in the company's growth trajectory and market potential.
Array Technologies (ARRY, Financial) continues to be a focus for investors, as highlighted by the latest guidance from Guggenheim. The new price target underscores the firm's optimistic view on the stock's ability to deliver value in the upcoming period.
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 $8.16 with a high estimate of $13.00 and a low estimate of $5.00. The average target implies an upside of 0.09% from the current price of $8.16. 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 $11.58, suggesting a upside of 42% from the current price of $8.155. 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.
