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Array (ARRY) Stock Forecast, Price Target & Predictions

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ARRY Stock Forecast

Array stock forecast is as follows: an average price target of $12.82 (represents a 127.71% upside from ARRY’s last price of $5.63) and a rating consensus of 'Buy', based on 20 wall street analysts offering a 1-year stock forecast.

ARRY Price Target

The average price target for Array (ARRY) is $12.82 based on 1-year price targets from 20 Wall Street analysts in the past 3 months, with a price target range of $18.00 to $8.00. This represents a potential 127.71% upside from ARRY's last price of $5.63.

ARRY Analyst Ratings

Buy

According to 20 Wall Street analysts, Array's rating consensus is 'Buy'. The analyst rating breakdown for ARRY stock is 0 'Strong Buy' (0.00%), 12 'Buy' (60.00%), 8 'Hold' (40.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Array Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Oct 21, 2024Julian Dumoulin-SmithJefferies$8.00$6.8117.47%42.10%
Oct 16, 2024Jordan LevyTruist Financial$10.00$7.0641.64%77.62%
Oct 14, 2024Ameet ThakkarBMO Capital$9.00$7.1625.70%59.86%
Sep 03, 2024Julian Dumoulin-SmithJefferies$11.00$6.3672.96%95.38%
Aug 12, 2024Tom CurranSeaport Global$17.00$6.92145.49%201.95%
Aug 11, 2024Dimple GosaiBank of America Securities$11.00$7.1054.93%95.38%
Aug 09, 2024Kashy HarrisonPiper Sandler$8.00$7.319.44%42.10%
Aug 09, 2024Michael BlumWells Fargo$10.00$8.9911.23%77.62%
Aug 09, 2024Colin RuschOppenheimer$17.00$8.9989.10%201.95%
Aug 09, 2024Ameet ThakkarBMO Capital$11.00$8.9922.36%95.38%
Aug 09, 2024Jon WindhamUBS$16.00$8.9977.98%184.19%
Jul 11, 2024Joseph OshaGuggenheim$18.00$9.9081.82%219.72%
Jul 08, 2024Tristan RichardsonScotiabank$17.00$9.6176.90%201.95%
May 17, 2024Michael BlumWells Fargo$14.00$11.3423.46%148.67%
May 10, 2024Kashy HarrisonPiper Sandler$14.00$12.977.94%148.67%
May 10, 2024Colin RuschOppenheimer$20.00$12.5159.87%255.24%
Apr 11, 2024Kashy HarrisonPiper Sandler$13.00$14.28-8.96%130.91%
Apr 02, 2024Christine ChoBarclays$18.00$14.6922.53%219.72%
Dec 23, 2022Cantor Fitzgerald$26.00$20.4926.89%361.81%
Dec 06, 2022Michael BlumWells Fargo$28.00$20.4337.05%397.34%
Jun 06, 2022Philip ShenRoth Capital$18.00$13.6232.16%219.72%
May 02, 2022Truist Financial$14.00$7.0897.88%148.67%
Apr 19, 2022J.P. Morgan$30.00$9.14228.23%432.86%
Nov 12, 2021Philip ShenRoth Capital$25.00$26.55-5.84%344.05%
Oct 20, 2021Moses SuttonBarclays$15.00$18.66-19.61%166.43%

The latest Array stock forecast, released on Oct 21, 2024 by Julian Dumoulin-Smith from Jefferies, set a price target of $8.00, which represents a 17.47% increase from the stock price at the time of the forecast ($6.81), and a 42.10% increase from ARRY last price ($5.63).

Array Price Target by Period

1M3M12M
# Anlaysts-318
Avg Price Target-$9.00$13.44
Last Closing Price$5.63$5.63$5.63
Upside/Downside-100.00%59.86%138.72%

In the current month, the average price target of Array stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Array's last price of $5.63. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Nov 07, 2024GuggenheimBuyNeutralDowngrade
Nov 06, 2024Bank of America SecuritiesNeutralDowngrade
Oct 21, 2024JefferiesBuyBuyHold
Oct 14, 2024BMO CapitalMarket PerformMarket PerformHold
Aug 16, 2024ScotiabankSector OutperformSector OutperformHold
Aug 12, 2024Seaport GlobalBuyBuyHold
Aug 09, 2024Cowen & Co.HoldHoldHold
Aug 09, 2024Piper SandlerNeutralNeutralHold
Aug 09, 2024Wells FargoEqual-WeightEqual-WeightHold
Aug 09, 2024OppenheimerOutperformOutperformHold
Aug 09, 2024BMO CapitalMarket PerformMarket PerformHold
Aug 09, 2024UBSBuyBuyHold
Jul 12, 2024CitigroupNeutralBuyUpgrade
Jul 11, 2024GuggenheimBuyBuyHold
Jul 08, 2024ScotiabankOutperformOutperformHold
Jun 28, 2024SusquehannaPositiveInitialise
Jun 11, 2024CitigroupNeutralNeutralHold
May 17, 2024Wells FargoEqual-WeightEqual-WeightHold
May 10, 2024Piper SandlerNeutralNeutralHold
May 10, 2024OppenheimerOutperformUpgrade
Apr 11, 2024Piper SandlerNeutralNeutralHold
Apr 05, 2024GuggenheimBuyBuyHold
Apr 02, 2024BarclaysEqual-WeightOverweightUpgrade
Jan 22, 2024BarclaysOverweightEqual-WeightDowngrade
Jan 08, 2024Wells FargoOverweightEqual-WeightDowngrade
Sep 28, 2023BarclaysOverweightOverweightHold
Dec 23, 2022BenchmarkBuyInitialise
Dec 23, 2022Cantor FitzgeraldOverweightInitialise
Dec 23, 2022Chardan CapitalBuyInitialise
Dec 23, 2022DaiwaNeutralInitialise
Dec 06, 2022Wells FargoOverweightInitialise
Sep 19, 2022JefferiesBuyInitialise
Sep 19, 2022Piper SandlerOverweightUpgrade
Aug 10, 2022Goldman SachsBuyBuyHold
Aug 10, 2022BarclaysOverweightOverweightHold
Jun 06, 2022Roth CapitalBuyBuyUpgrade
May 11, 2022Roth CapitalBuyDowngrade
May 13, 2021Credit SuisseNeutralUpgrade
May 13, 2021UBSBuyBuyHold

Array's last stock rating was published by Guggenheim on Nov 07, 2024. The company Downgrade its ARRY rating from "Buy" to "Neutral".

Array Financial Forecast

Array Revenue Forecast

Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20
Revenue----------------$341.62M-$507.73M$376.77M$402.07M$515.02M$424.93M$300.59M$212.52M$192.07M$202.80M$245.93M$180.57M
Avg Forecast$377.88M$353.07M$381.53M$246.15M$359.47M$358.61M$333.89M$263.52M$310.60M$306.18M$288.31M$221.78M$272.51M$232.69M$234.26M$141.24M$314.78M$375.84M$448.69M$322.38M$366.99M$429.00M$335.74M$263.55M$213.82M$201.31M$223.88M$238.85M$163.60M
High Forecast$467.57M$436.88M$472.08M$304.58M$444.79M$443.72M$413.14M$326.06M$384.33M$378.85M$356.74M$270.70M$277.68M$287.92M$234.26M$141.24M$330.25M$376.60M$555.18M$398.90M$454.09M$429.00M$335.74M$263.55M$213.82M$201.31M$223.88M$238.85M$163.60M
Low Forecast$311.36M$290.91M$314.36M$202.82M$296.18M$295.47M$275.11M$217.12M$255.92M$252.27M$237.55M$171.07M$259.72M$191.72M$234.26M$141.24M$301.27M$375.09M$369.69M$265.63M$302.38M$429.00M$335.74M$263.55M$213.82M$201.31M$223.88M$238.85M$163.60M
# Analysts585510755854111378916889127781388913
Surprise %----------------1.09%-1.13%1.17%1.10%1.20%1.27%1.14%0.99%0.95%0.91%1.03%1.10%

Array's average Quarter revenue forecast for Mar 24 based on 9 analysts is $141.24M, with a low forecast of $141.24M, and a high forecast of $141.24M. ARRY's average Quarter revenue forecast represents a -58.65% decrease compared to the company's last Quarter revenue of $341.62M (Dec 23).

Array EBITDA Forecast

Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20
# Analysts585510755854111378916889127781388913
EBITDA----------------$23.07M-$89.95M$63.52M$46.74M$41.18M$15.66M$-12.13M$-21.28M$-9.94M$12.07M$19.46M$4.50M
Avg Forecast$42.84M$40.03M$43.25M$27.91M$40.75M$40.66M$37.85M$29.87M$35.21M$34.71M$32.69M$25.14M$30.89M$26.38M$26.56M$16.01M$35.69M$42.61M$50.87M$36.55M$41.61M$48.53M$37.98M$-4.99M$24.19M$22.77M$25.33M$20.43M$18.51M
High Forecast$53.01M$49.53M$53.52M$34.53M$50.43M$50.31M$46.84M$36.97M$43.57M$42.95M$40.44M$30.69M$31.48M$32.64M$26.56M$16.01M$37.44M$42.70M$62.94M$45.22M$51.48M$48.53M$37.98M$-3.99M$24.19M$22.77M$25.33M$24.51M$18.51M
Low Forecast$35.30M$32.98M$35.64M$22.99M$33.58M$33.50M$31.19M$24.62M$29.01M$28.60M$26.93M$19.39M$29.44M$21.74M$26.56M$16.01M$34.16M$42.52M$41.91M$30.11M$34.28M$48.53M$37.98M$-5.98M$24.19M$22.77M$25.33M$16.34M$18.51M
Surprise %----------------0.65%-1.77%1.74%1.12%0.85%0.41%2.43%-0.88%-0.44%0.48%0.95%0.24%

9 analysts predict ARRY's average Quarter EBITDA for Mar 24 to be $16.01M, with a high of $16.01M and a low of $16.01M. This is -30.58% lower than Array's previous annual EBITDA (Dec 23) of $23.07M.

Array Net Income Forecast

Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20
# Analysts585510755854111378916889127781388913
Net Income----------------$19.34M-$64.81M$26.13M$-5.25M$40.82M$-2.78M$-22.05M$-27.72M$-25.55M$-17.00K$2.89M$-9.77M
Avg Forecast$51.56M$45.67M$52.17M$20.66M$45.22M$44.82M$36.40M$21.16M$36.18M$33.21M$29.50M$11.61M$27.81M$20.23M$16.59M$-5.35M$16.82M$19.82M$27.19M$4.94M$14.79M$16.86M$2.64M$-24.26M$-4.49M$-8.50M$2.45M$3.03M$8.48M
High Forecast$67.47M$59.76M$68.27M$27.04M$59.18M$58.65M$47.63M$27.69M$47.34M$43.46M$38.60M$23.23M$33.99M$26.47M$16.60M$-4.12M$19.88M$20.01M$35.58M$6.46M$19.36M$16.86M$2.64M$-19.41M$-4.49M$-8.50M$2.45M$3.64M$8.48M
Low Forecast$39.76M$35.22M$40.23M$15.93M$34.87M$34.56M$28.07M$16.32M$27.90M$25.61M$22.75M$1.45M$17.00M$15.60M$16.57M$-7.00M$13.76M$19.63M$20.97M$3.81M$11.41M$16.86M$2.64M$-29.11M$-4.49M$-8.50M$2.45M$2.43M$8.48M
Surprise %----------------1.15%-2.38%5.29%-0.35%2.42%-1.05%0.91%6.18%3.00%-0.01%0.95%-1.15%

Array's average Quarter net income forecast for Mar 24 is $-5.35M, with a range of $-7.00M to $-4.12M. ARRY's average Quarter net income forecast represents a -127.65% decrease compared to the company's last Quarter net income of $19.34M (Dec 23).

Array SG&A Forecast

Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20
# Analysts585510755854111378916889127781388913
SG&A----------------$43.71M-$40.25M$38.14M$37.71M$38.91M$31.51M$39.83M$22.70M$18.49M$15.11M$24.67M$20.86M
Avg Forecast$31.40M$29.34M$31.71M$20.46M$29.87M$29.80M$27.75M$21.90M$25.81M$25.44M$23.96M$18.43M$22.65M$19.34M$19.47M$11.74M$26.16M$31.23M$37.29M$26.79M$30.50M$35.65M$27.90M$43.81M$17.77M$16.73M$18.61M$25.91M$13.60M
High Forecast$38.86M$36.31M$39.23M$25.31M$36.96M$36.88M$34.33M$27.10M$31.94M$31.48M$29.65M$22.50M$23.08M$23.93M$19.47M$11.74M$27.45M$31.30M$46.14M$33.15M$37.74M$35.65M$27.90M$52.57M$17.77M$16.73M$18.61M$31.09M$13.60M
Low Forecast$25.88M$24.18M$26.12M$16.86M$24.61M$24.56M$22.86M$18.04M$21.27M$20.97M$19.74M$14.22M$21.58M$15.93M$19.47M$11.74M$25.04M$31.17M$30.72M$22.07M$25.13M$35.65M$27.90M$35.05M$17.77M$16.73M$18.61M$20.73M$13.60M
Surprise %----------------1.67%-1.08%1.42%1.24%1.09%1.13%0.91%1.28%1.11%0.81%0.95%1.53%

Array's average Quarter SG&A projection for Mar 24 is $11.74M, based on 9 Wall Street analysts, with a range of $11.74M to $11.74M. The forecast indicates a -73.15% fall compared to ARRY last annual SG&A of $43.71M (Dec 23).

Array EPS Forecast

Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20
# Analysts585510755854111378916889127781388913
EPS----------------$0.13-$0.43$0.09$-0.03$0.19$-0.02$-0.15$-0.21$-0.20$-0.04$0.04$-0.08
Avg Forecast$0.34$0.30$0.34$0.14$0.30$0.30$0.24$0.14$0.24$0.22$0.19$0.08$0.18$0.13$0.11$-0.04$0.11$0.13$0.18$0.03$0.10$0.11$0.02$-0.07$-0.03$-0.06$0.02$0.20$0.06
High Forecast$0.44$0.39$0.45$0.18$0.39$0.39$0.31$0.18$0.31$0.29$0.25$0.15$0.22$0.17$0.11$-0.03$0.13$0.13$0.23$0.04$0.13$0.11$0.02$-0.07$-0.03$-0.06$0.02$0.20$0.06
Low Forecast$0.26$0.23$0.26$0.10$0.23$0.23$0.18$0.11$0.18$0.17$0.15$0.01$0.11$0.10$0.11$-0.05$0.09$0.13$0.14$0.03$0.08$0.11$0.02$-0.07$-0.03$-0.06$0.02$0.20$0.06
Surprise %----------------1.17%-2.40%2.77%-0.36%1.71%-1.07%2.13%7.13%3.58%-2.49%0.20%-1.39%

According to 9 Wall Street analysts, Array's projected average Quarter EPS for Mar 24 is $-0.04, with a low estimate of $-0.05 and a high estimate of $-0.03. This represents a -127.07% decrease compared to ARRY previous annual EPS of $0.13 (Dec 23).

Array Peer Comparison by Price Target

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
NOVASunnova Energy$4.20$10.22143.33%Buy
ARRYArray$5.47$12.82134.37%Buy
RUNSunrun$10.06$23.17130.32%Buy
SEDGSolarEdge$14.37$26.6085.11%Hold
NXTNextracker$35.72$55.2554.68%Buy
CSIQCanadian Solar$11.67$17.6751.41%Buy
FSLRFirst Solar$188.27$275.5046.33%Buy
ENPHEnphase Energy$73.40$106.2744.78%Buy
JKSJinkoSolar$26.56$20.00-24.70%Sell

ARRY Forecast FAQ

Is Array a good buy?

Yes, according to 20 Wall Street analysts, Array (ARRY) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 12 'Buy' recommendations, accounting for 60.00% of ARRY's total ratings.

What is ARRY's price target?

Array (ARRY) average price target is $12.82 with a range of $8 to $18, implying a 127.71% from its last price of $5.63. The data is based on 20 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Array stock go up soon?

According to Wall Street analysts' prediction for ARRY stock, the company can go up by 127.71% (from the last price of $5.63 to the average price target of $12.82), up by 219.72% based on the highest stock price target, and up by 42.10% based on the lowest stock price target.

Can Array stock reach $8?

ARRY's average twelve months analyst stock price target of $12.82 supports the claim that Array can reach $8 in the near future.

What are Array's analysts' financial forecasts?

Array's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $1.32B (high $1.63B, low $1.08B), average EBITDA is $149.14M (high $184.53M, low $122.88M), average net income is $147.61M (high $193.15M, low $113.82M), average SG&A $109.32M (high $135.27M, low $90.08M), and average EPS is $0.972 (high $1.27, low $0.749). ARRY's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $1.36B (high $1.68B, low $1.12B), average EBITDA is $154.03M (high $190.59M, low $126.91M), average net income is $170.06M (high $222.54M, low $131.14M), average SG&A $112.91M (high $139.71M, low $93.03M), and average EPS is $1.12 (high $1.46, low $0.863).

Did the ARRY's actual financial results beat the analysts' financial forecasts?

Based on Array's last annual report (Dec 2023), the company's revenue was $1.58B, beating the average analysts forecast of $1.46B by 7.86%. Apple's EBITDA was $171.86M, beating the average prediction of $165.71M by 3.71%. The company's net income was $137.24M, beating the average estimation of $68.77M by 99.57%. Apple's SG&A was $159.54M, beating the average forecast of $121.47M by 31.33%. Lastly, the company's EPS was $0.9, beating the average prediction of $0.453 by 98.83%. In terms of the last quarterly report (Dec 2023), Array's revenue was $341.62M, beating the average analysts' forecast of $314.78M by 8.53%. The company's EBITDA was $23.06M, missing the average prediction of $35.69M by -35.37%. Array's net income was $19.34M, beating the average estimation of $16.82M by 14.98%. The company's SG&A was $43.71M, beating the average forecast of $26.16M by 67.09%. Lastly, the company's EPS was $0.13, beating the average prediction of $0.111 by 17.40%