On May 20, 2025, analyst Julien Dumoulin-Smith of Jefferies announced a significant update regarding Array Technologies (ARRY, Financial). The firm maintained its "Buy" rating on the company's stock while raising the price target from $7.00 to $10.00.
The update marks a notable change, highlighting a 42.86% increase from the prior target. This adjustment reflects Jefferies' positive outlook on Array Technologies (ARRY, Financial), suggesting increased confidence in its market performance and future prospects.
Array Technologies (ARRY, Financial) has continued to capture the interest of investors as one of the leading providers in the solar tracking industry. As the renewable energy sector evolves, the company's strategic position remains strong, contributing to the renewed bullish sentiment from Jefferies.
The latest update from Jefferies reinforces the "Buy" recommendation, providing investors with crucial insights into the potential of Array Technologies (ARRY, Financial). As always, investors are encouraged to consider professional advice and market conditions when making investment decisions.
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 3.92% from the current price of $7.95. 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 45.88% from the current price of $7.945. 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.
