$6.16
2.16% today
Nasdaq, Dec 30, 10:13 pm CET
ISIN
US04271T1007
Symbol
ARRY

Array Technologies Inc Target price 2024 - Analyst rating & recommendation

Array Technologies Inc Classifications & Recommendation:

Buy
56%
Hold
40%
Sell
4%

Array Technologies Inc Price Target

Target Price $9.76
Price $6.16
Potential
Number of Estimates 23
23 Analysts have issued a price target Array Technologies Inc 2025 . The average Array Technologies Inc target price is $9.76. This is higher than the current stock price. The highest price target is , the lowest is .
A rating was issued by 25 analysts: 14 Analysts recommend Array Technologies Inc to buy, 10 to hold and 1 to sell.
Analysts don't have a crystal ball either, but they do represent the opinion of the market quite well. You should not take the price potential and the ratings as a recommendation to act. Rather, they serve as an additional building block for your own opinion or stock analysis.
Analyst Estimates: Analysts believe that the Array Technologies Inc stock has an average upside potential 2025 of . Most analysts recommend the Array Technologies Inc stock at Purchase.

Sales and Margin forecast 2024, 2025 to 2028

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Quarter Annually
Dec '23 2024
Estimates
Revenue Million $ 1,576.55 911.92
3.73% 42.16%
EBITDA Margin 17.25% 19.28%
236.15% 11.79%
Net Margin 5.40% -14.83%
300.58% 374.80%

25 Analysts have issued a sales forecast Array Technologies Inc 2024 . The average Array Technologies Inc sales estimate is

$912m
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. This is
7.15% lower
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than the revenue of the last 12 months(TTM). The highest sales forecast is
$953m 2.97%
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, the lowest is
$895m 8.89%
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.

This results in the following potential growth metrics:

Revenue Estimates

2023 $1.6b 3.73%
2024
$912m 42.16%
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2025
$1.1b 25.24%
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2026
$1.3b 11.51%
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2027
$1.4b 11.34%
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2028
$1.4b 2.22%
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25 Analysts have issued an Array Technologies Inc EBITDA forecast 2024. The average Array Technologies Inc EBITDA estimate is

$176m
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. This is
11.33% higher
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
$197m 24.75%
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, the lowest is
$126m 20.21%
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.

This results in the following potential growth metrics and future EBITDA Margins:

EBITDA Estimates

2023 $272m 223.63%
2024
$176m 35.35%
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2025
$234m 33.11%
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2026
$262m 11.97%
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2027
$279m 6.39%
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2028
$275m 1.24%
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EBITDA Margin

2023 17.25% 236.15%
2024
19.28% 11.79%
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2025
20.49% 6.28%
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2026
20.57% 0.39%
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2027
19.66% 4.42%
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2028
19.86% 1.02%
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14 Array Technologies Inc Analysts have issued a net profit forecast 2024. The average Array Technologies Inc net profit estimate is

$-135m
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. This is
9.16% higher
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
$19.8m 113.26%
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, the lowest is
$-153m 3.06%
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.

This results in the following potential growth metrics and future Net Margins:

Net Profit Estimates

2023 $85.1m 293.10%
2024
$-135m 258.97%
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2025
$48.5m 135.87%
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2026
$64.9m 33.75%
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2027
$43.3m 33.26%
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2028
$83.6m 92.98%
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Net Margin

2023 5.40% 300.58%
2024
-14.83% 374.80%
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2025
4.25% 128.66%
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2026
5.09% 19.76%
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2027
3.05% 40.08%
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2028
6.03% 97.70%
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Earnings per share, P/E ratio and EV/sales Estimates 2024, 2025 to 2028

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Quarter Annually
Dec '23 2024
Estimates
Earnings Per Share $ 0.56 -0.89
293.10% 258.93%
P/E negative
EV/Sales 1.81

14 Analysts have issued a Array Technologies Inc forecast for earnings per share. The average Array Technologies Inc <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS is

$-0.89
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. This is
9.18% higher
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than earnings per share in the financial year 2023. The highest <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS forecast is
$0.13 113.27%
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, the lowest is
$-1.01 3.06%
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.

This results in the following potential growth metrics and future valuations:

Earnings Per Share

2023 $0.56 293.10%
2024
$-0.89 258.93%
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2025
$0.32 135.96%
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2026
$0.43 34.38%
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2027
$0.29 32.56%
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2028
$0.55 89.66%
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P/E ratio

Current -6.15 113.68%
2024
-6.77 10.08%
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2025
18.89 379.03%
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2026
14.12 25.25%
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2027
21.16 49.86%
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2028
10.96 48.20%
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Based on analysts' sales estimates for 2024, the Array Technologies Inc stock is valued at an <a href=https://blog.stocksguide.com/knowledge/enterprise-value-sales-simply-explained>EV/Sales of

and an <a href=https://blog.stocksguide.com/knowledge/price-sales-ratio-simply-explained>P/S ratio of .

This results in the following potential growth metrics and future valuations:

EV/Sales

Current 1.68 20.75%
2024
1.81 7.89%
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2025
1.45 20.16%
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2026
1.30 10.32%
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2027
1.17 10.19%
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2028
1.19 2.27%
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P/S ratio

Current 0.93 41.46%
2024
1.00 7.71%
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2025
0.80 20.16%
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2026
0.72 10.32%
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2027
0.65 10.19%
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2028
0.66 2.28%
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