On May 19, 2025, Array Technologies (ARRY, Financial) received a positive update from Goldman Sachs. The financial services giant has maintained its "Buy" rating for ARRY while raising the price target. The new price target is set at $11.00, up from the previous target of $9.00, marking a 22.22% increase.
The analysis was conducted by Brian Lee, an analyst at Goldman Sachs. This adjustment reflects improved expectations for Array Technologies' market performance. The share price target is expressed in USD.
Investors and stakeholders may wish to consider this revised guidance as an indicator of potential positive growth for Array Technologies (ARRY, Financial) in the coming periods.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 23 analysts, the average target price for Array Technologies Inc (ARRY, Financial) is $8.26 with a high estimate of $13.00 and a low estimate of $5.00. The average target implies an upside of 13.96% from the current price of $7.25. More detailed estimate data can be found on the Array Technologies Inc (ARRY) Forecast page.
Based on the consensus recommendation from 26 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 $11.59, suggesting a upside of 59.97% from the current price of $7.245. 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.
