In a recent update, Maheep Mandloi, an analyst at Mizuho, has raised the price target for Array Technologies (ARRY, Financial). The new price target has been adjusted to $9.00 USD, up from the previous target of $8.00 USD. This change reflects a notable increase of 12.50% in the projected valuation of the company's stock.
The investment firm Mizuho has decided to maintain its current "Neutral" rating for Array Technologies (ARRY, Financial), indicating that while there is a positive adjustment in the price target, the overall outlook on the stock's performance remains unchanged.
The adjustment in the price target comes as part of Mizuho's ongoing evaluation of the market dynamics and the company's financial health. Investors following Array Technologies (ARRY, Financial) may find this development significant as it could influence market sentiments and trading strategies.
For more updates on Array Technologies (ARRY, Financial) and its stock performance, keep an eye on the latest reports and analysis from industry experts and financial institutions.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 21 analysts, the average target price for Array Technologies Inc (ARRY, Financial) is $8.71 with a high estimate of $13.00 and a low estimate of $5.00. The average target implies an upside of 10.74% from the current price of $7.87. More detailed estimate data can be found on the Array Technologies Inc (ARRY) Forecast page.
Based on the consensus recommendation from 24 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 $11.70, suggesting a upside of 48.76% from the current price of $7.865. 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.
