Array Technologies - ARRY Stock Price Target and Predictions

Target and Analyst Ratings
Price Target History
Upgrades and Downgrades
News Sentiment
About
FAQ

Consensus Rating: Buy
Consensus Price Target: $24.94
Forecasted Upside: 35.02%
Number of Analysts: 16
Breakdown:
1 Sell Ratings
3 Hold Ratings
12 Buy Ratings
0 Strong Buy Ratings

^$18.47 As of 03/24/2023 01:00 AM ET

▼ -1.34 (-6.76%)

1 month | 3 months | 12 months

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Analyst Price Target for ARRY

^$24.94

▲ +35.02% Upside Potential

This price target is based on 16 analysts offering 12 month price targets for Array Technologies in the last 3 months. The average price target is $24.94, with a high forecast of $35.00 and a low forecast of $7.00. The average price target represents a 35.02% upside from the last price of $18.47.

Current Consensus is Buy

The current consensus among 16 investment analysts is to buy stock in Array Technologies. This Buy consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

0 strong buy ratings
10 buy ratings
2 hold ratings
1 sell ratings

Ratings as of

10/2/2021

0 strong buy ratings
10 buy ratings
2 hold ratings
1 sell ratings

Ratings as of

12/31/2021

0 strong buy ratings
8 buy ratings
2 hold ratings
1 sell ratings

Ratings as of

3/31/2022

0 strong buy ratings
9 buy ratings
2 hold ratings
1 sell ratings

Ratings as of

6/29/2022

0 strong buy ratings
9 buy ratings
2 hold ratings
1 sell ratings

Ratings as of

9/27/2022

0 strong buy ratings
10 buy ratings
2 hold ratings
1 sell ratings

Ratings as of

12/26/2022

0 strong buy ratings
11 buy ratings
2 hold ratings
1 sell ratings

Ratings as of

2/24/2023

0 strong buy ratings
12 buy ratings
3 hold ratings
1 sell ratings

Ratings as of

3/26/2023

Latest Recommendations

Show Most Recent Rating from Each Ratings Firm Show All Ratings

Date	Brokerage	Action	Rating	Price Target	Impact on Share Price
3/22/2023	Guggenheim	Lower Target	Buy	$36.00 ➝ $35.00	N/A
3/9/2023	Citigroup	Initiated Coverage	Neutral	$24.00	N/A
3/7/2023	Piper Sandler	Lower Target	Overweight	$28.00 ➝ $26.00	N/A
3/1/2023	Scotiabank	Initiated Coverage	Sector Outperform	$26.00	N/A
2/28/2023	Truist Financial	Boost Target	Hold	$17.00 ➝ $22.00	N/A
2/17/2023	Barclays	Boost Target		$22.00 ➝ $29.00	N/A
1/6/2023	Bank of America	Initiated Coverage	Buy		N/A
12/23/2022	Cantor Fitzgerald	Initiated Coverage	Overweight	$26.00	N/A
12/6/2022	Wells Fargo & Company	Initiated Coverage	Overweight	$28.00	N/A
11/9/2022	Northland Securities	Boost Target		$26.00 ➝ $30.00	N/A
11/2/2022	Morgan Stanley	Lower Target	Underweight	$17.00 ➝ $16.00	N/A
10/20/2022	JPMorgan Chase & Co.	Lower Target	Overweight	$34.00 ➝ $31.00	N/A
10/18/2022	Truist Financial	Lower Target	Hold	$23.00 ➝ $17.00	N/A
9/19/2022	Piper Sandler	Upgrade	Neutral ➝ Overweight	$20.00 ➝ $28.00	N/A
9/8/2022	The Goldman Sachs Group	Boost Target	Buy	$25.00 ➝ $32.00	N/A
9/6/2022	Guggenheim	Boost Target	Buy	$24.00 ➝ $31.00	N/A
8/18/2022	Morgan Stanley	Downgrade	Equal Weight ➝ Underweight	$17.00 ➝ $15.00	N/A
8/15/2022	Cowen	Boost Target		$23.00	N/A
8/11/2022	Credit Suisse Group	Boost Target	Outperform	$20.00 ➝ $24.00	N/A
8/10/2022	The Goldman Sachs Group	Boost Target	Buy	$18.00 ➝ $25.00	N/A
8/10/2022	Truist Financial	Boost Target	Hold	$13.00 ➝ $23.00	N/A
8/10/2022	Barclays	Boost Target		$20.00 ➝ $22.00	N/A
8/8/2022	JPMorgan Chase & Co.	Boost Target	Overweight	$28.00 ➝ $33.00	N/A
8/5/2022	Barclays	Initiated Coverage	Overweight	$20.00	N/A
7/25/2022	Credit Suisse Group	Lower Target	Outperform	$21.00 ➝ $16.00	N/A
7/20/2022	JPMorgan Chase & Co.	Boost Target		$26.00 ➝ $28.00	N/A
7/19/2022	Piper Sandler	Boost Target	Neutral	$10.00 ➝ $14.00	N/A
7/14/2022	Truist Financial	Boost Target	Hold	$8.00 ➝ $13.00	N/A
6/29/2022	Morgan Stanley	Boost Target	Equal Weight	$14.00 ➝ $15.00	N/A
6/13/2022	Morgan Stanley	Lower Target	Equal Weight	$17.00 ➝ $14.00	N/A
6/9/2022	UBS Group	Boost Target		$20.00	N/A
6/6/2022	Roth Capital	Upgrade	Neutral ➝ Buy		N/A
5/23/2022	Northland Securities	Initiated Coverage	Outperform	$18.00	N/A
5/17/2022	Guggenheim	Lower Target	NA	$15.00	N/A
5/12/2022	Oppenheimer	Reiterated Rating	Market Perform		N/A
5/12/2022	Truist Financial	Lower Target		$14.00 ➝ $8.00	N/A
5/11/2022	Roth Capital	Downgrade	Buy ➝ Neutral	$25.00 ➝ $7.00	N/A
5/3/2022	Truist Financial	Initiated Coverage	Hold	$14.00	N/A
4/21/2022	Piper Sandler	Lower Target		$16.00 ➝ $12.00	N/A
4/19/2022	JPMorgan Chase & Co.	Lower Target	Overweight	$33.00 ➝ $30.00	N/A
4/6/2022	Guggenheim	Upgrade	Neutral ➝ Buy	$18.00	N/A
1/24/2022	Truist Financial	Lower Target	Hold	$27.00 ➝ $14.00	N/A
1/20/2022	JPMorgan Chase & Co.	Lower Target		$38.00 ➝ $32.00	N/A
1/18/2022	Guggenheim	Initiated Coverage	Neutral		N/A
1/13/2022	Morgan Stanley	Lower Target	Equal Weight	$21.00 ➝ $18.00	N/A
1/10/2022	The Goldman Sachs Group	Lower Target	Buy	$27.00 ➝ $24.00	N/A
1/7/2022	Piper Sandler	Boost Target		$20.00 ➝ $21.00	N/A
12/14/2021	Colliers Securities	Initiated Coverage	Buy	$23.00	N/A
12/2/2021	Morgan Stanley	Boost Target	Equal Weight	$20.00 ➝ $21.00	N/A
10/20/2021	Barclays	Downgrade	Equal Weight ➝ Underweight	$16.00 ➝ $15.00	N/A
10/20/2021	Guggenheim	Downgrade	Buy ➝ Neutral	$24.42	N/A
10/15/2021	Truist Financial	Initiated Coverage	Positive ➝ Hold	$23.00	N/A
9/8/2021	Morgan Stanley	Boost Target	Equal Weight	$19.00 ➝ $20.00	N/A
8/26/2021	Piper Sandler	Boost Target	Neutral	$17.00 ➝ $18.00	N/A
8/12/2021	Guggenheim	Initiated Coverage	Buy	$28.00	N/A
8/10/2021	Roth Capital	Upgrade	Neutral ➝ Buy	$25.00	N/A
7/20/2021	Barclays	Upgrade	Underweight ➝ Equal Weight	$15.00	N/A
7/15/2021	Piper Sandler	Lower Target	Overweight	$27.00 ➝ $24.00	N/A
7/14/2021	Credit Suisse Group	Initiated Coverage	Outperform	$31.00 ➝ $27.70	N/A
5/24/2021	Barclays	Lower Target	Underweight	$16.00 ➝ $15.00	N/A
5/20/2021	Morgan Stanley	Lower Target	Equal Weight	$30.00 ➝ $19.00	N/A
5/18/2021	Piper Sandler	Reiterated Rating	Overweight ➝ Neutral	$53.00 ➝ $27.00	N/A
5/18/2021	Barclays	Reiterated Rating	Overweight ➝ Underweight	$32.00 ➝ $16.00	N/A
5/18/2021	Roth Capital	Reiterated Rating	Buy ➝ Neutral	$53.00 ➝ $25.00	N/A
5/18/2021	Credit Suisse Group	Upgrade	Neutral ➝ Outperform	$42.00 ➝ $31.00	N/A
5/14/2021	Morgan Stanley	Lower Target	Equal Weight	$30.00 ➝ $19.00	N/A
5/12/2021	Credit Suisse Group	Upgrade	Neutral ➝ Outperform	$42.00 ➝ $31.00	N/A
5/12/2021	Cowen	Lower Target	Market Perform	$45.50 ➝ $24.00	N/A
5/12/2021	Roth Capital	Downgrade	Buy ➝ Neutral	$53.00 ➝ $25.00	N/A
5/12/2021	Barclays	Downgrade	Overweight ➝ Underweight	$32.00 ➝ $16.00	N/A
5/12/2021	Piper Sandler	Downgrade	Overweight ➝ Neutral	$53.00 ➝ $27.00	N/A
4/28/2021	Barclays	Upgrade	Equal Weight ➝ Overweight	$40.00 ➝ $32.00	N/A
4/22/2021	Barclays	Upgrade	Equal Weight ➝ Overweight	$40.00 ➝ $32.00	N/A
4/21/2021	UBS Group	Upgrade	Neutral ➝ Buy	$43.00	N/A
4/15/2021	UBS Group	Upgrade	Neutral ➝ Buy	$43.00	N/A
3/29/2021	Morgan Stanley	Upgrade	Underweight ➝ Equal Weight	$30.00	N/A
3/16/2021	Morgan Stanley	Lower Target	Underweight	$40.00 ➝ $33.00	N/A
3/10/2021	Johnson Rice	Upgrade	Accumulate ➝ Buy	$50.00	N/A
3/10/2021	Morgan Stanley	Lower Target	Underweight	$40.00 ➝ $33.00	N/A
3/10/2021	Roth Capital	Lower Target	Buy	$60.00 ➝ $53.00	N/A
3/8/2021	JPMorgan Chase & Co.	Lower Target	Overweight	$54.00 ➝ $46.00	N/A
2/22/2021	Barclays	Lower Target	Equal Weight	$52.00 ➝ $46.00	N/A
2/4/2021	Roth Capital	Boost Target	Buy	$55.00 ➝ $60.00	N/A
1/20/2021	JPMorgan Chase & Co.	Boost Target	Overweight	$46.00 ➝ $54.00	N/A
1/20/2021	Credit Suisse Group	Boost Target	Neutral	$37.00 ➝ $42.00	N/A
1/20/2021	Johnson Rice	Initiated Coverage	Accumulate	$57.00	N/A
1/7/2021	Piper Sandler	Initiated Coverage	Overweight	$60.00	N/A
1/4/2021	The Goldman Sachs Group	Boost Target	Positive ➝ Buy	$50.00 ➝ $52.00	N/A
12/9/2020	Roth Capital	Initiated Coverage	Buy	$55.00	N/A
12/9/2020	JPMorgan Chase & Co.	Upgrade	Neutral ➝ Overweight	$38.00 ➝ $41.00	N/A
11/11/2020	Cantor Fitzgerald	Downgrade	Hold	$48.00	N/A
11/9/2020	Oppenheimer	Initiated Coverage	Market Perform		N/A
11/9/2020	Morgan Stanley	Initiated Coverage	Underweight	$37.00	N/A
11/9/2020	UBS Group	Initiated Coverage	Neutral	$43.00	N/A
11/9/2020	Guggenheim	Initiated Coverage	Buy	$54.00	N/A
11/9/2020	The Goldman Sachs Group	Initiated Coverage	Buy	$50.00	N/A
11/9/2020	JPMorgan Chase & Co.	Initiated Coverage	Neutral	$38.00	N/A
11/9/2020	Barclays	Initiated Coverage	Equal Weight	$46.00	N/A
11/9/2020	Cowen	Initiated Coverage	Market Perform	$45.50	N/A
11/9/2020	Credit Suisse Group	Initiated Coverage	Neutral	$37.00	N/A
7/12/2019	JPMorgan Chase & Co.	Downgrade	Overweight ➝ Neutral	$29.00 ➝ $48.00	Low
7/8/2019	Cantor Fitzgerald	Downgrade	Overweight ➝ Neutral	$34.00 ➝ $48.00	Low
6/18/2019	SVB Leerink	Downgrade	Outperform ➝ Market Perform	$32.00 ➝ $48.00	Low
6/18/2019	The Goldman Sachs Group	Boost Target	Neutral	$27.00 ➝ $38.00	Low
6/17/2019	Cowen	Reiterated Rating	Buy	$25.00	High
6/17/2019	Jefferies Financial Group	Downgrade	Buy ➝ Hold		High
6/17/2019	Piper Jaffray Companies	Downgrade	Overweight ➝ Neutral		High
6/17/2019	SunTrust Banks	Downgrade	Buy ➝ Hold		High
6/17/2019	Wells Fargo & Company	Downgrade	Outperform ➝ Market Perform		High
5/22/2019	Cantor Fitzgerald	Boost Target	Overweight	$30.00 ➝ $34.00	Medium
5/22/2019	SunTrust Banks	Boost Target	Buy	$32.00	Medium
5/21/2019	Piper Jaffray Companies	Boost Target	Overweight	$28.00 ➝ $35.00	High
5/5/2019	Cowen	Set Target	Buy	$25.00	Low
3/14/2019	JPMorgan Chase & Co.	Boost Target	Positive ➝ Overweight	$18.00 ➝ $29.00	Low
2/6/2019	Cantor Fitzgerald	Reiterated Rating	Overweight		High
2/5/2019	Cantor Fitzgerald	Set Target	Buy	$30.00	Medium
1/17/2019	SVB Leerink	Initiated Coverage	Outperform ➝ Outperform	$28.00	High
1/15/2019	Cantor Fitzgerald	Initiated Coverage	Overweight	$30.00	High
1/15/2019	Piper Jaffray Companies	Reiterated Rating	Overweight ➝ Positive	$28.00	High
12/13/2018	The Goldman Sachs Group	Initiated Coverage	Neutral ➝ Neutral	$20.00	High
12/12/2018	Stifel Nicolaus	Boost Target	Buy	$24.00 ➝ $26.00	High
10/31/2018	Cowen	Set Target	Buy	$22.00	High
10/7/2018	Cowen	Set Target	Buy	$22.00	Medium
9/17/2018	Guggenheim	Initiated Coverage	Buy		High
6/28/2018	Wells Fargo & Company	Boost Target	Outperform ➝ Outperform	$31.00 ➝ $33.00	High
6/27/2018	Piper Jaffray Companies	Boost Target	Overweight	$21.00 ➝ $25.00	High
6/25/2018	SunTrust Banks	Boost Target	Buy	$25.00	Low
6/24/2018	Cantor Fitzgerald	Reiterated Rating	Overweight ➝ Buy	$24.00 ➝ $26.00	Medium
5/9/2018	Cantor Fitzgerald	Set Target	Buy	$24.00	High

(Data available from 3/26/2018 forward)

News Sentiment Rating

0.57 (Buy)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

3 very positive mentions
13 positive mentions
0 negative mentions
0 very negative mentions

Mentions as of

8/28/2022

6 very positive mentions
8 positive mentions
0 negative mentions
0 very negative mentions

Mentions as of

9/27/2022

1 very positive mentions
4 positive mentions
1 negative mentions
0 very negative mentions

Mentions as of

10/27/2022

7 very positive mentions
7 positive mentions
0 negative mentions
1 very negative mentions

Mentions as of

11/26/2022

6 very positive mentions
2 positive mentions
1 negative mentions
1 very negative mentions

Mentions as of

12/26/2022

0 very positive mentions
1 positive mentions
2 negative mentions
0 very negative mentions

Mentions as of

1/25/2023

4 very positive mentions
7 positive mentions
0 negative mentions
0 very negative mentions

Mentions as of

2/24/2023

9 very positive mentions
14 positive mentions
1 negative mentions
1 very negative mentions

Mentions as of

3/26/2023

Current Sentiment

Recent Stories by Sentiment

Array Technologies, Inc. manufactures and supplies solar tracking systems and related products in the United States and internationally. Its products include DuraTrack HZ v3, a single-axis solar tracking system; and SmarTrack, a machine learning software that is used to identify the optimal position for a solar array in real time to increase energy production. The company was founded in 1989 and is headquartered in Albuquerque, New Mexico.

Today's Range

Now: $18.47

$18.32

$19.70

50 Day Range

MA: $20.54

$17.07

$24.04

52 Week Range

Now: $18.47

$5.45

$24.59

Volume

6,153,157 shs

Average Volume

5,860,067 shs

Market Capitalization

$2.78 billion

P/E Ratio

N/A

Dividend Yield

N/A

Beta

2.01

Frequently Asked Questions

What sell-side analysts currently cover shares of Array Technologies?: The following Wall Street analysts have issued reports on Array Technologies in the last year: Bank of America Co., Barclays PLC, Cantor Fitzgerald, Citigroup Inc., Cowen Inc., Credit Suisse Group AG, Guggenheim, JPMorgan Chase & Co., Morgan Stanley, Northland Securities, Oppenheimer Holdings Inc., Piper Sandler, Roth Capital, Scotiabank, StockNews.com, The Goldman Sachs Group, Inc., TheStreet, Truist Financial Co., UBS Group AG, and Wells Fargo & Company.
View the latest analyst ratings for ARRY.
What is the current price target for Array Technologies?: 16 Wall Street analysts have set twelve-month price targets for Array Technologies in the last year. Their average twelve-month price target is $24.94, suggesting a possible upside of 35.0%. Guggenheim has the highest price target set, predicting ARRY will reach $35.00 in the next twelve months. Roth Capital has the lowest price target set, forecasting a price of $7.00 for Array Technologies in the next year.
View the latest price targets for ARRY.
What is the current consensus analyst rating for Array Technologies?: Array Technologies currently has 1 sell rating, 3 hold ratings and 12 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Buy." A "buy" rating indicates that analysts believe ARRY will outperform the market and that investors should add to their positions of Array Technologies.
View the latest ratings for ARRY.
What other companies compete with Array Technologies?: Other companies that are similar to Array Technologies include Ultrapar Participações, Fluence Energy, CNX Resources, Cactus and Comstock Resources. Learn More about companies similar to Array Technologies.
How do I contact Array Technologies' investor relations team?: Array Technologies' physical mailing address is 3901 Midway Place NE Albuquerque, NM 87109. The solar tracking solution's listed phone number is 505-881-7567 and its investor relations email address is [email protected] The official website for Array Technologies is arraytechinc.com. Learn More about contacing Array Technologies investor relations.

Array Technologies - ARRY Stock Price Target and Predictions

Analyst Price Target for ARRY

Current Consensus is Buy

Past Monthly Recommendations

Latest Recommendations

News Sentiment Rating

0.57 (Buy)

News Sentiment Over Time

Current Sentiment

Recent Stories by Sentiment

Very Negative

Negative

Positive

Very Positive

Today's Range

50 Day Range

52 Week Range

Volume

Average Volume

Market Capitalization

P/E Ratio

Dividend Yield

Beta

Frequently Asked Questions

What sell-side analysts currently cover shares of Array Technologies?

What is the current price target for Array Technologies?

What is the current consensus analyst rating for Array Technologies?

What other companies compete with Array Technologies?

How do I contact Array Technologies' investor relations team?