SolarEdge Technologies Inc Surpasses Analyst Price Target: What’s Next for Investors?
In recent trading, shares of SolarEdge Technologies Inc (Symbol: SEDG) have surpassed the average analyst 12-month target price of $17.57, changing hands for $17.59/share. When a stock reaches the target set by analysts, they typically face two choices: either downgrade based on valuation or adjust their target price upward. How analysts react can also hinge on new developments within the company that could be influencing the stock price positively.
Analyst Targets: A Range of Perspectives
There are 27 different analyst targets contributing to the average for SolarEdge Technologies, but it’s essential to remember that an average is just a number. Some analysts predict much lower prices, with one forecasting a price of just $7.00, while another has set a target as high as $41.00. The standard deviation stands at $10.029, indicating a significant spread in expectations.
Understanding the Average Price Target
Analyzing the average target allows investors to apply the “wisdom of crowds” concept. This approach aggregates insights from multiple financial experts rather than relying on a single opinion. With SEDG trading above the average price target of $17.57/share, investors are encouraged to evaluate whether this is simply a temporary hurdle or a step toward even higher valuations. Below is a breakdown of the current insights from analysts covering SolarEdge Technologies Inc:
| Recent SEDG Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Months Ago | 3 Months Ago |
| Strong buy ratings: | 3 | 1 | 1 | 3 |
| Buy ratings: | 0 | 0 | 0 | 0 |
| Hold ratings: | 25 | 25 | 24 | 25 |
| Sell ratings: | 2 | 2 | 2 | 1 |
| Strong sell ratings: | 3 | 5 | 6 | 4 |
| Average rating: | 3.06 | 3.3 | 3.36 | 3.09 |
The average rating in the table ranges from 1 to 5, where 1 indicates a Strong Buy and 5 denotes a Strong Sell. This analysis utilizes data provided by Zacks Investment Research via Quandl.com. Investors can access the latest Zacks research report on SEDG for free.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
