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Shoals Technologies Group (SHLS)
NASDAQ:SHLS
US Market

Shoals Technologies Group (SHLS) Stock Forecast & Price Target

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See the Price Targets and Ratings of:

SHLS Analyst Ratings

Strong Buy
15Ratings
12 Buy
3 Hold
0 Sell
Based on 15 analysts giving stock ratings to
Shoals
Technologies Group
in the past 3 months
TipRanks enables you to focus on the analyst rating consensus of all analysts or only the top performers​ in the past 3 months

SHLS Stock 12 Month Forecast

Average Price Target

$18.93
▲(69.32% Upside)
Based on 15 Wall Street analysts offering 12 month price targets for Shoals Technologies Group in the last 3 months. The average price target is $18.93 with a high forecast of $26.00 and a low forecast of $12.00. The average price target represents a 69.32% change from the last price of $11.18.
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Highest Price Target$26.00Average Price Target$18.93Lowest Price Target$12.00
The highest, average, and lowest price target of all analysts. Click on ‘Top Analysts’ to focus on the best performers.

Detailed List of Analyst Forecasts​

Analyst Profile
Expert Firm
Price Target
Position
Upside / Downside
Action
Date
Follow
Article
Cantor Fitzgerald
$24.00
Buy
114.67%
Upside
Reiterated
02/29/24
Shoals Technologies price target lowered to $24 from $28 at Cantor FitzgeraldShoals Technologies price target lowered to $24 from $28 at Cantor Fitzgerald
Northland Securities
$12.00
Hold
7.33%
Upside
Reiterated
02/29/24
Analysts Offer Insights on Technology Companies: Shoals Technologies Group (NASDAQ: SHLS), Salesforce (NYSE: CRM) and C3ai (NYSE: AI)
Mizuho Securities
$18.00
Buy
61.00%
Upside
Reiterated
02/29/24
Shoals Technologies price target lowered to $18 from $19 at MizuhoShoals Technologies price target lowered to $18 from $19 at Mizuho
RBC Capital
$17.00
Buy
52.06%
Upside
Assigned
02/28/24
RBC Capital Sticks to Their Buy Rating for Shoals Technologies Group (SHLS)
Janney Montgomery
$20.00
Buy
78.89%
Upside
Initiated
01/19/24
Shoals Technologies initiated with a Buy at Janney Montgomery ScottShoals Technologies initiated with a Buy at Janney Montgomery Scott

Best Analysts Covering Shoals Technologies Group

Which Analyst Should I Follow If I Want to Buy SHLS and Sell After:
1 Month
Maheep MandloiMizuho Securities
Success Rate
4/9 ratings generated profit
44%
Average Return
+7.66%
reiterated a buy rating 2 months ago
Copying Maheep Mandloi's trades and holding each position for 1 Month would result in 44.44% of your transactions generating a profit, with an average return of +7.66% per trade.
dummydummy
Success Rate
0/0 ratings generated profit
0%
Average Return
0.00%
a rating ―
Copying dummy's trades and holding each position for XXXX would result in 0.10% of your transactions generating a profit, with an average return of 0.00% per trade.
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3 Months
Maheep MandloiMizuho Securities
Success Rate
5/9 ratings generated profit
56%
Average Return
+5.86%
reiterated a buy rating 2 months ago
Copying Maheep Mandloi's trades and holding each position for 3 Months would result in 55.56% of your transactions generating a profit, with an average return of +5.86% per trade.
dummydummy
Success Rate
0/0 ratings generated profit
0%
Average Return
0.00%
a rating ―
Copying dummy's trades and holding each position for XXXX would result in 0.10% of your transactions generating a profit, with an average return of 0.00% per trade.
Premium Content
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1 Year
Brian K. LeeGoldman Sachs
Success Rate
4/9 ratings generated profit
44%
Average Return
-1.08%
reiterated a buy rating 2 months ago
Copying Brian K. Lee's trades and holding each position for 1 Year would result in 44.44% of your transactions generating a profit, with an average return of -1.08% per trade.
2 Years
Brian K. LeeGoldman Sachs
Success Rate
5/9 ratings generated profit
56%
Average Return
+9.11%
reiterated a buy rating 2 months ago
Copying Brian K. Lee's trades and holding each position for 2 Years would result in 55.56% of your transactions generating a profit, with an average return of +9.11% per trade.
dummydummy
Success Rate
0/0 ratings generated profit
0%
Average Return
0.00%
a rating ―
Copying dummy's trades and holding each position for XXXX would result in 0.10% of your transactions generating a profit, with an average return of 0.00% per trade.
Premium Content
Find out which analyst has the highest Average Return & Success Rate
Go Premium
The Best Analyst Covering tool allows you to follow the analysts who have the best success rates and average returns on a specific stock. Only analysts that gave a Buy or Sell rating on the stock in the past 12 months are eligible for inclusion in this tool. Follow the analysts of your choice to receive real-time updates when they publish a new rating.

SHLS Analyst Recommendation Trends

Rating
Nov 23
Dec 23
Jan 24
Feb 24
Mar 24
Strong Buy
13
13
8
8
9
Buy
3
2
3
7
8
Hold
5
5
5
4
4
Sell
1
1
0
0
0
Strong Sell
0
0
0
0
0
total
22
21
16
19
21
In the current month, SHLS has received 17 Buy Ratings, 4 Hold Ratings, and 0 Sell Ratings. SHLS average Analyst price target in the past 3 months is $18.93.
Each month's total comprises the sum of three months' worth of ratings.
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SHLS Financial Forecast

SHLS Earnings Forecast

Next quarter’s earnings estimate for SHLS is $0.06 with a range of $0.04 to $0.18. The previous quarter’s EPS was $0.12. SHLS beat its EPS estimate 75.00% of the time in the past 12 months, while its overall industry beat the EPS estimate 66.57% of the time in the same period. In the last calendar year SHLS has Outperformed its overall industry.
Next quarter’s earnings estimate for SHLS is $0.06 with a range of $0.04 to $0.18. The previous quarter’s EPS was $0.12. SHLS beat its EPS estimate 75.00% of the time in the past 12 months, while its overall industry beat the EPS estimate 66.57% of the time in the same period. In the last calendar year SHLS has Outperformed its overall industry.

SHLS Sales Forecast

Next quarter’s sales forecast for SHLS is $97.34M with a range of $91.00M to $127.00M. The previous quarter’s sales results were $130.44M. SHLS beat its sales estimates 50.00% of the time in past 12 months, while its overall industry beat sales estimates 65.84% of the time in the same period. In the last calendar year SHLS has Underperformed its overall industry.
Next quarter’s sales forecast for SHLS is $97.34M with a range of $91.00M to $127.00M. The previous quarter’s sales results were $130.44M. SHLS beat its sales estimates 50.00% of the time in past 12 months, while its overall industry beat sales estimates 65.84% of the time in the same period. In the last calendar year SHLS has Underperformed its overall industry.

SHLS Stock Forecast FAQ

What is SHLS’s average 12-month price target, according to analysts?
Based on analyst ratings, Shoals Technologies Group’s 12-month average price target is $18.93.
    What is SHLS’s upside potential, based on the analysts’ average price target?
    Shoals Technologies Group has 69.32% upside potential, based on the analysts’ average price target.
      Can I see which stocks the top-ranking analysts are rating?
      Yes, go to the Analysts’ Top Stocks tool to see stocks with a Strong Buy or Strong Sell analyst rating consensus, according to the top performers.
        How can I follow the stock ratings of top Wall Street analysts?
        Head over to our Expert Center to see a list of the top 100 Wall Street analysts and follow the analysts of your choice. Visit their profiles for more details about their stock ratings and see how they perform on a stock-by-stock basis.
          Is SHLS a Buy, Sell or Hold?
          Shoals Technologies Group has a conensus rating of Strong Buy which is based on 12 buy ratings, 3 hold ratings and 0 sell ratings.
            What is Shoals Technologies Group’s price target?
            The average price target for Shoals Technologies Group is $18.93. This is based on 15 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
            The highest analyst price target is $26.00 ,the lowest forecast is $12.00. The average price target represents 69.32% Increase from the current price of $11.18.
              What do analysts say about Shoals Technologies Group?
              Shoals Technologies Group’s analyst rating consensus is a Strong Buy. This is based on the ratings of 15 Wall Streets Analysts.
                How can I buy shares of SHLS?
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