Shoals Technologies Group Inc
NASDAQ:SHLS

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Shoals Technologies Group Inc
NASDAQ:SHLS
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Price: 4.83 USD 9.77% Market Closed
Market Cap: 804.9m USD
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Wall Street
Price Targets

SHLS Price Targets Summary
Shoals Technologies Group Inc

Wall Street analysts forecast SHLS stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for SHLS is 8.11 USD with a low forecast of 5.05 USD and a high forecast of 12.6 USD.

Lowest
Price Target
5.05 USD
5% Upside
Average
Price Target
8.11 USD
68% Upside
Highest
Price Target
12.6 USD
161% Upside

SHLS Last Price Targets
Shoals Technologies Group Inc

The latest public price target was made on Nov 15, 2024 by Andrew Percoco from Morgan Stanley , who expects SHLS stock to rise by 45% over the next 12 months. You can read more about this price target by viewing the article on TheFly.

Analyst Price Target Date Article
Andrew Percoco
Morgan Stanley
7 USD
Upside 45%
1 week ago
Nov 15, 2024
Shoals Technologies price target lowered to $7 from $8 at Morgan Stanley
TheFly
Derek Soderberg
Cantor Fitzgerald
8 USD
Upside 66%
1 week ago
Nov 13, 2024
Shoals Technologies Group (SHLS) PT Lowered to $8 at Cantor Fitzgerald
StreetInsider
Christine Cho
Barclays
5 USD
Upside 4%
1 week ago
Nov 12, 2024
Shoals Technologies Group (SHLS) PT Lowered to $5 at Barclays
StreetInsider
Christopher Dendrinos
RBC Capital
9 USD
Upside 86%
1 month ago
Oct 18, 2024
Shoals Technologies price target lowered to $9 from $11 at RBC Capital
TheFly
Vikram Bagri
Citigroup
5.5 USD
Upside 14%
1 month ago
Oct 3, 2024
Citi Upgrades Shoals Technologies Group (SHLS) to Neutral Citing Balanced Risk/Reward Given Valuation
StreetInsider
Kashy Harrison
Piper Sandler
10 USD
Upside 107%
2 months ago
Sep 10, 2024
Shoals Technologies Group (SHLS) PT Raised to $10 at Piper Sandler
StreetInsider
Jordan Levy
Truist Financial
8 USD
Upside 66%
2 months ago
Sep 6, 2024
Shoals Technologies Group (SHLS) PT Lowered to $8 at Truist Securities
StreetInsider
Colin Rusch
Oppenheimer
12 USD
Upside 148%
2 months ago
Sep 3, 2024
Oppenheimer Reiterates Outperform Rating on Shoals Technologies Group (SHLS)
StreetInsider
Julian Dumoulin-Smith
Jefferies
5 USD
Upside 4%
2 months ago
Sep 3, 2024
Jefferies Starts Shoals Technologies Group (SHLS) at Hold
StreetInsider
Christine Cho
Barclays
7 USD
Upside 45%
3 months ago
Aug 8, 2024
Shoals Technologies price target lowered to $7 from $10 at Barclays
TheFly
Kashy Harrison
Piper Sandler
14 USD
Upside 190%
7 months ago
Apr 11, 2024
Shoals Technologies Group (SHLS) PT Lowered to $14 at Piper Sandler
StreetInsider
Kashy Harrison
Piper Sandler
28 USD
Upside 480%
1 year ago
Oct 6, 2023
Piper Sandler Turns Bullish On Shoals Technologies: Forecasts Less Risk To Industry Growth During 2024
Benzinga
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Andrew Percoco
Morgan Stanley
Price Target 7 USD
Upside/Downside 45%
View Source
Derek Soderberg
Cantor Fitzgerald
Price Target 8 USD
Upside/Downside 66%
View Source
Christine Cho
Barclays
Price Target 5 USD
Upside/Downside 4%
View Source
Christopher Dendrinos
RBC Capital
Price Target 9 USD
Upside/Downside 86%
View Source
Vikram Bagri
Citigroup
Price Target 5.5 USD
Upside/Downside 14%
View Source
Kashy Harrison
Piper Sandler
Price Target 10 USD
Upside/Downside 107%
View Source
Jordan Levy
Truist Financial
Price Target 8 USD
Upside/Downside 66%
View Source
Colin Rusch
Oppenheimer
Price Target 12 USD
Upside/Downside 148%
View Source
Julian Dumoulin-Smith
Jefferies
Price Target 5 USD
Upside/Downside 4%
View Source
Christine Cho
Barclays
Price Target 7 USD
Upside/Downside 45%
View Source
Kashy Harrison
Piper Sandler
Price Target 14 USD
Upside/Downside 190%
View Source
Kashy Harrison
Piper Sandler
Price Target 28 USD
Upside/Downside 480%
View Source
Show More Price Targets
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Shoals Technologies Group Inc Competitors:
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7% Upside

Revenue
Forecast

Revenue Estimate
Shoals Technologies Group Inc

For the last 4 years the compound annual growth rate for Shoals Technologies Group Inc's revenue is 36%. The projected CAGR for the next 3 years is 2%.

36%
Past Growth
2%
Estimated Growth
Estimates Accuracy
-2%
Average Miss

Operating Income
Forecast

Operating Income Estimate
Shoals Technologies Group Inc

For the last 4 years the compound annual growth rate for Shoals Technologies Group Inc's operating income is 31%. The projected CAGR for the next 3 years is 17%.

31%
Past Growth
17%
Estimated Growth
Estimates Accuracy
-33%
Average Miss

Net Income
Forecast

Net Income Estimate
Shoals Technologies Group Inc

For the last 4 years the compound annual growth rate for Shoals Technologies Group Inc's net income is 12%. The projected CAGR for the next 3 years is 32%.

12%
Past Growth
32%
Estimated Growth
Estimates Accuracy
-58%
Average Miss

See Also

Discover More
Why do you have more estimates than other sites?

Our estimates are sourced from the pool of sell-side and buy-side analysts that we have access to. What is available on other sites you are seeing are mostly from the sell-side analysts.

What is SHLS's stock price target?
Price Target
8.11 USD

According to Wall Street analysts, the average 1-year price target for SHLS is 8.11 USD with a low forecast of 5.05 USD and a high forecast of 12.6 USD.

What is Shoals Technologies Group Inc's Revenue forecast?
Projected CAGR
2%

For the last 4 years the compound annual growth rate for Shoals Technologies Group Inc's revenue is 36%. The projected CAGR for the next 3 years is 2%.

What is Shoals Technologies Group Inc's Operating Income forecast?
Projected CAGR
17%

For the last 4 years the compound annual growth rate for Shoals Technologies Group Inc's operating income is 31%. The projected CAGR for the next 3 years is 17%.

What is Shoals Technologies Group Inc's Net Income forecast?
Projected CAGR
32%

For the last 4 years the compound annual growth rate for Shoals Technologies Group Inc's net income is 12%. The projected CAGR for the next 3 years is 32%.

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