TPI Composites (TPIC) Stock Forecast, Price Target & Predictions

OverviewRevenue Ownership Financials Chart Transcripts

TPIC Stock Forecast

TPI Composites stock forecast is as follows: an average price target of $26.00 (represents a 1126.42% upside from TPIC’s last price of $2.12) and a rating consensus of 'Buy', based on 8 wall street analysts offering a 1-year stock forecast.

TPIC Price Target

The average price target for TPI Composites (TPIC) is $26.00 based on 1-year price targets from 8 Wall Street analysts in the past 3 months, with a price target range of $42.00 to $5.00. This represents a potential 1126.42% upside from TPIC's last price of $2.12.

TPIC Analyst Ratings

Buy

According to 8 Wall Street analysts, TPI Composites's rating consensus is 'Buy'. The analyst rating breakdown for TPIC stock is 0 'Strong Buy' (0.00%), 4 'Buy' (50.00%), 4 'Hold' (50.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

TPI Composites Price Target by Analyst

Date	Analyst	Company	Price Target	Price when Published	Price Target/Price when Published	Price Target/Last Closing Price
Oct 17, 2024	Julien Dumoulin-Smith	Jefferies	$5.00	$4.70	6.38%	135.85%
Aug 16, 2022	Pavel Molchanov	Raymond James	$28.00	$20.13	39.10%	1220.75%
Nov 09, 2021	Philip Shen	Roth Capital	$29.00	$25.97	11.67%	1267.92%
Oct 18, 2021	Jeff Osborne	Cowen & Co.	$42.00	$33.97	23.64%	1881.13%

Row per page

Go to

The latest TPI Composites stock forecast, released on Oct 17, 2024 by Julien Dumoulin-Smith from Jefferies, set a price target of $5.00, which represents a 6.38% increase from the stock price at the time of the forecast ($4.70), and a 135.85% increase from TPIC last price ($2.12).

TPI Composites Price Target by Period

	1M	3M	12M
# Anlaysts	1	1	1
Avg Price Target	$5.00	$5.00	$5.00
Last Closing Price	$2.12	$2.12	$2.12
Upside/Downside	135.85%	135.85%	135.85%

In the current month, the average price target of TPI Composites stock is $5.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 135.85% increase as opposed to TPI Composites's last price of $2.12. This month's average price target is down 0.00% compared to last quarter, and down 0.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

Date	Company	Previous Rating	New Rating	Rating Change
Oct 17, 2024	Jefferies	-	Hold	Initialise
Jul 12, 2023	Raymond James	Outperform	Outperform	Hold
Mar 16, 2023	Guggenheim	-	Buy	Upgrade
Feb 23, 2023	Piper Sandler	-	Neutral	Upgrade
Feb 23, 2023	Wolfe Research	-	Peer Perform	Upgrade
Feb 23, 2023	JMP Securities	-	Perform	Downgrade
Feb 23, 2023	Wells Fargo	-	Equal-Weight	Downgrade
Feb 23, 2023	Bank of America Securities	-	Buy	Upgrade
Nov 04, 2022	Craig-Hallum	-	Buy	Upgrade
Oct 21, 2022	Morgan Stanley	Equal-Weight	Equal-Weight	Hold

Row per page

Go to

TPI Composites's last stock rating was published by Jefferies on Oct 17, 2024. The company Initialise its TPIC rating from "null" to "Hold".

TPI Composites Financial Forecast

TPI Composites Revenue Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	$372.86M	$381.27M	$404.07M	$402.28M	$459.27M	$452.37M	$384.87M	$389.46M	$479.60M	$458.84M	$404.68M	$465.57M	$474.11M	$373.82M	$356.64M	$422.11M	$383.84M
Avg Forecast	$415.47M	$444.38M	$448.75M	$421.16M	$416.02M	$408.92M	$391.75M	$361.87M	$358.15M	$360.51M	$310.58M	$296.25M	$342.93M	$380.16M	$388.34M	$378.44M	$438.83M	$472.55M	$430.50M	$387.27M	$385.68M	$481.43M	$453.35M	$410.82M	$449.03M	$407.32M	$304.86M	$288.52M	$414.74M	$396.50M
High Forecast	$457.87M	$489.72M	$494.54M	$464.13M	$458.48M	$450.65M	$431.73M	$387.99M	$377.61M	$362.96M	$310.58M	$296.25M	$354.89M	$401.62M	$427.96M	$417.06M	$483.61M	$472.55M	$430.50M	$387.27M	$385.68M	$481.43M	$453.35M	$410.82M	$449.03M	$407.32M	$304.86M	$288.52M	$414.74M	$396.50M
Low Forecast	$370.25M	$396.01M	$399.90M	$375.32M	$370.74M	$364.41M	$349.11M	$322.30M	$335.38M	$358.07M	$310.58M	$296.25M	$335.98M	$368.92M	$346.07M	$337.25M	$391.06M	$472.55M	$430.50M	$387.27M	$385.68M	$481.43M	$453.35M	$410.82M	$449.03M	$407.32M	$304.86M	$288.52M	$414.74M	$396.50M
# Analysts	3	3	3	3	4	4	4	6	8	4	3	4	7	12	9	9	5	5	5	5	6	6	6	6	9	9	9	9	8	8
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	0.98%	0.98%	1.07%	0.92%	0.97%	1.05%	0.99%	1.01%	1.00%	1.01%	0.99%	1.04%	1.16%	1.23%	1.24%	1.02%	0.97%

TPI Composites's average Quarter revenue forecast for Dec 23 based on 7 analysts is $342.93M, with a low forecast of $335.98M, and a high forecast of $354.89M. TPIC's average Quarter revenue forecast represents a -8.03% decrease compared to the company's last Quarter revenue of $372.86M (Sep 23).

TPI Composites EBITDA Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
# Analysts	3	3	3	3	4	4	4	6	8	4	3	4	7	12	9	9	5	5	5	5	6	6	6	6	9	9	9	9	8	8
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	$-46.91M	$-62.21M	$5.85M	$7.53M	$12.64M	$6.54M	$2.81M	$-69.79M	$-6.48M	$4.29M	$5.41M	$30.55M	$27.18M	$-2.62M	$-2.69M	$20.16M	$26.34M
Avg Forecast	$-5.23M	$-5.60M	$-5.65M	$-5.30M	$-5.24M	$-5.15M	$-4.93M	$-4.56M	$-4.51M	$-4.54M	$-3.91M	$11.17M	$-4.32M	$-4.79M	$-4.89M	$10.15M	$-48.95M	$-5.95M	$-5.42M	$9.23M	$-4.86M	$-6.06M	$-5.71M	$8.39M	$-5.66M	$-5.13M	$-3.84M	$-4.76M	$-5.22M	$-4.99M
High Forecast	$-4.66M	$-4.99M	$-5.04M	$-4.73M	$-4.67M	$-4.59M	$-4.40M	$-4.06M	$-4.22M	$-4.51M	$-3.91M	$13.40M	$-4.23M	$-4.65M	$-4.36M	$12.18M	$-39.16M	$-5.95M	$-5.42M	$11.08M	$-4.86M	$-6.06M	$-5.71M	$10.07M	$-5.66M	$-5.13M	$-3.84M	$-3.81M	$-5.22M	$-4.99M
Low Forecast	$-5.77M	$-6.17M	$-6.23M	$-5.85M	$-5.77M	$-5.68M	$-5.44M	$-4.89M	$-4.76M	$-4.57M	$-3.91M	$8.94M	$-4.47M	$-5.06M	$-5.39M	$8.12M	$-58.74M	$-5.95M	$-5.42M	$7.38M	$-4.86M	$-6.06M	$-5.71M	$6.71M	$-5.66M	$-5.13M	$-3.84M	$-5.72M	$-5.22M	$-4.99M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	9.80%	12.72%	0.58%	-0.15%	-2.12%	-1.21%	0.30%	14.37%	1.07%	-0.75%	0.65%	-5.40%	-5.30%	0.68%	0.56%	-3.86%	-5.28%

9 analysts predict TPIC's average Quarter EBITDA for Jun 23 to be $-4.89M, with a high of $-4.36M and a low of $-5.39M. This is -183.66% lower than TPI Composites's previous annual EBITDA (Mar 23) of $5.85M.

TPI Composites Net Income Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
# Analysts	3	3	3	3	4	4	4	6	8	4	3	4	7	12	9	9	5	5	5	5	6	6	6	6	9	9	9	9	8	8
Net Income	-	-	-	-	-	-	-	-	-	-	-	-	-	$-72.85M	$-80.83M	$-15.15M	$-26.65M	$-1.47M	$-5.51M	$-15.80M	$-87.28M	$-30.68M	$-39.80M	$-1.80M	$5.18M	$42.38M	$-66.10M	$-492.00K	$-861.00K	$-4.57M
Avg Forecast	$-101.20K	$6.92M	$7.75M	$3.81M	$-6.12M	$-6.97M	$-9.96M	$-12.46M	$-10.59M	$-13.28M	$-33.52M	$-3.71M	$-43.52M	$-29.52M	$-62.30M	$-3.37M	$-61.21M	$-14.24M	$-18.64M	$-3.06M	$-72.94M	$2.75M	$-31.91M	$-2.79M	$8.34M	$9.23M	$-11.33M	$-871.76K	$283.88K	$-421.31K
High Forecast	$-86.88K	$7.84M	$8.78M	$4.31M	$-5.25M	$-5.98M	$-8.55M	$-3.62M	$4.89M	$-11.40M	$-28.78M	$-2.97M	$-26.78M	$-19.85M	$-53.49M	$-2.70M	$-48.97M	$-14.24M	$-18.64M	$-2.45M	$-72.94M	$2.75M	$-31.91M	$-2.23M	$8.34M	$9.23M	$-11.33M	$-697.41K	$283.88K	$-421.31K
Low Forecast	$-114.62K	$5.94M	$6.66M	$3.27M	$-6.93M	$-7.89M	$-11.28M	$-21.70M	$-33.39M	$-15.04M	$-37.97M	$-4.45M	$-56.43M	$-41.73M	$-70.57M	$-4.04M	$-73.45M	$-14.24M	$-18.64M	$-3.68M	$-72.94M	$2.75M	$-31.91M	$-3.34M	$8.34M	$9.23M	$-11.33M	$-1.05M	$283.88K	$-421.31K
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	2.47%	1.30%	4.49%	0.44%	0.10%	0.30%	5.16%	1.20%	-11.14%	1.25%	0.65%	0.62%	4.59%	5.84%	0.56%	-3.03%	10.85%

TPI Composites's average Quarter net income forecast for Mar 21 is $-2.79M, with a range of $-3.34M to $-2.23M. TPIC's average Quarter net income forecast represents a -153.73% decrease compared to the company's last Quarter net income of $5.18M (Dec 20).

TPI Composites SG&A Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
# Analysts	3	3	3	3	4	4	4	6	8	4	3	4	7	12	9	9	5	5	5	5	6	6	6	6	9	9	9	9	8	8
SG&A	-	-	-	-	-	-	-	-	-	-	-	-	-	$28.71M	$6.77M	$7.03M	$9.77M	$8.03M	$6.69M	$7.86M	$5.43M	$8.19M	$6.71M	$8.92M	$7.85M	$9.26M	$6.89M	$9.50M	$12.12M	$10.61M
Avg Forecast	$9.87M	$10.56M	$10.66M	$10.00M	$9.88M	$9.71M	$9.31M	$8.60M	$8.51M	$8.56M	$7.38M	$18.41M	$8.15M	$9.03M	$9.22M	$16.73M	$3.81M	$11.22M	$10.23M	$15.21M	$9.16M	$11.44M	$10.77M	$13.83M	$10.67M	$9.68M	$7.24M	$16.83M	$9.85M	$9.42M
High Forecast	$10.88M	$11.63M	$11.75M	$11.02M	$10.89M	$10.70M	$10.26M	$9.22M	$8.97M	$8.62M	$7.38M	$22.09M	$8.43M	$9.54M	$10.17M	$20.08M	$4.57M	$11.22M	$10.23M	$18.25M	$9.16M	$11.44M	$10.77M	$16.59M	$10.67M	$9.68M	$7.24M	$20.19M	$9.85M	$9.42M
Low Forecast	$8.79M	$9.41M	$9.50M	$8.92M	$8.81M	$8.66M	$8.29M	$7.66M	$7.97M	$8.51M	$7.38M	$14.73M	$7.98M	$8.76M	$8.22M	$13.39M	$3.04M	$11.22M	$10.23M	$12.17M	$9.16M	$11.44M	$10.77M	$11.06M	$10.67M	$9.68M	$7.24M	$13.46M	$9.85M	$9.42M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	3.18%	0.73%	0.42%	2.57%	0.72%	0.65%	0.52%	0.59%	0.72%	0.62%	0.65%	0.74%	0.96%	0.95%	0.56%	1.23%	1.13%

TPI Composites's average Quarter SG&A projection for Dec 23 is $8.15M, based on 7 Wall Street analysts, with a range of $7.98M to $8.43M. The forecast indicates a -71.63% fall compared to TPIC last annual SG&A of $28.71M (Sep 23).

TPI Composites EPS Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
# Analysts	3	3	3	3	4	4	4	6	8	4	3	4	7	12	9	9	5	5	5	5	6	6	6	6	9	9	9	9	8	8
EPS	-	-	-	-	-	-	-	-	-	-	-	-	-	$-1.71	$-1.90	$-0.36	$-0.63	$-0.03	$-0.13	$-0.38	$-2.23	$-0.83	$-1.08	$-0.05	$0.14	$1.19	$-1.87	$-0.01	$-0.02	$-0.13
Avg Forecast	$-0.00	$0.15	$0.16	$0.08	$-0.13	$-0.15	$-0.21	$-0.26	$-0.22	$-0.28	$-0.70	$-0.71	$-0.92	$-0.62	$-1.31	$-0.48	$-0.71	$-0.30	$-0.39	$-0.76	$-1.54	$0.06	$-0.67	$-0.16	$0.18	$0.19	$-0.24	$-0.32	$0.01	$-0.01
High Forecast	$-0.00	$0.16	$0.18	$0.09	$-0.11	$-0.13	$-0.18	$-0.08	$0.10	$-0.24	$-0.61	$-0.61	$-0.56	$-0.42	$-1.12	$-0.41	$-0.61	$-0.30	$-0.39	$-0.76	$-1.54	$0.06	$-0.67	$-0.16	$0.18	$0.19	$-0.24	$-0.32	$0.01	$-0.01
Low Forecast	$-0.00	$0.12	$0.14	$0.07	$-0.15	$-0.17	$-0.24	$-0.46	$-0.70	$-0.32	$-0.80	$-0.81	$-1.19	$-0.88	$-1.48	$-0.54	$-0.80	$-0.30	$-0.39	$-0.76	$-1.54	$0.06	$-0.67	$-0.16	$0.18	$0.19	$-0.24	$-0.32	$0.01	$-0.01
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	2.76%	1.45%	0.75%	0.89%	0.12%	0.33%	0.50%	1.45%	-14.32%	1.61%	0.31%	0.80%	6.13%	7.84%	0.03%	-3.35%	14.66%

According to 6 Wall Street analysts, TPI Composites's projected average Quarter EPS for Mar 21 is $-0.16, with a low estimate of $-0.16 and a high estimate of $-0.16. This represents a -214.71% decrease compared to TPIC previous annual EPS of $0.14 (Dec 20).

TPI Composites Peer Comparison by Price Target

Ticker	Company	Last Closing Price	Avg Price Target	Upside/Downside	Avg Rating
TPIC	TPI Composites	$2.12	$26.00	1126.42%	Buy
BW	Babcock & Wilcox Enterprises	$1.81	$6.50	259.12%	Buy
HI	Hillenbrand	$30.17	$54.00	78.99%	Buy
JBT	John Bean	$120.90	$128.00	5.87%	Buy
IEX	IDEX	$231.00	$237.44	2.79%	Buy
FELE	Franklin Electric	$109.16	$103.00	-5.64%	Buy
WTS	Watts Water	$210.16	$195.75	-6.86%	Buy
CR	Crane NXT	$175.95	$160.50	-8.78%	Buy
DCI	Donaldson Company	$77.40	$68.25	-11.82%	Hold
ITT	ITT	$153.59	$132.60	-13.67%	Buy
FLS	Flowserve	$59.90	$51.00	-14.86%	Buy
KAI	Kadant	$392.89	$300.00	-23.64%	-
EPAC	Enerpac Tool Group	$48.77	$23.00	-52.84%	Hold
CSWI	CSW Industrials	$414.55	$157.00	-62.13%	Hold

TPIC Forecast FAQ

Is TPI Composites a good buy?

Yes, according to 8 Wall Street analysts, TPI Composites (TPIC) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 4 'Buy' recommendations, accounting for 50.00% of TPIC's total ratings.

What is TPIC's price target?

TPI Composites (TPIC) average price target is $26 with a range of $5 to $42, implying a 1126.42% from its last price of $2.12. The data is based on 8 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will TPI Composites stock go up soon?

According to Wall Street analysts' prediction for TPIC stock, the company can go up by 1126.42% (from the last price of $2.12 to the average price target of $26), up by 1881.13% based on the highest stock price target, and up by 135.85% based on the lowest stock price target.

Can TPI Composites stock reach $3?

TPIC's average twelve months analyst stock price target of $26 supports the claim that TPI Composites can reach $3 in the near future.

What is TPI Composites's current price target trend?

1 Wall Street analyst forecast a $5 price target for TPI Composites (TPIC) this month, up 135.85% from its last price of $2.12. Compared to the last 3 and 12 months, the average price target increased by 135.85% and increased by 135.85%, respectively.

What are TPI Composites's analysts' financial forecasts?

TPI Composites's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $1.58B (high $1.73B, low $1.41B), average EBITDA is $-19.881M (high $-17.715M, low $-21.773M), average net income is $-35.503M (high $-23.402M, low $-47.802M), average SG&A $37.5M (high $41.07M, low $33.41M), and average EPS is $-0.747 (high $-0.492, low $-1.005). TPIC's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $1.73B (high $1.91B, low $1.54B), average EBITDA is $-21.785M (high $-19.414M, low $-24.008M), average net income is $18.38M (high $20.85M, low $15.75M), average SG&A $41.09M (high $45.28M, low $36.62M), and average EPS is $0.386 (high $0.438, low $0.331).

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

Based on TPI Composites's last annual report (Dec 2022), the company's revenue was $1.52B, which missed the average analysts forecast of $1.73B by -11.94%. Apple's EBITDA was $-15.374M, missing the average prediction of $-51.092M by -69.91%. The company's net income was $-55.55M, missing the average estimation of $-97.153M by -42.82%. Apple's SG&A was $32.35M, missing the average forecast of $40.47M by -20.06%. Lastly, the company's EPS was $-1.32, missing the average prediction of $-2.162 by -38.94%. In terms of the last quarterly report (Sep 2023), TPI Composites's revenue was $372.86M, missing the average analysts' forecast of $380.16M by -1.92%. The company's EBITDA was $-46.909M, beating the average prediction of $-4.788M by 879.75%. TPI Composites's net income was $-72.846M, beating the average estimation of $-29.516M by 146.80%. The company's SG&A was $28.71M, beating the average forecast of $9.03M by 217.92%. Lastly, the company's EPS was $-1.71, beating the average prediction of $-0.621 by 175.51%