What is Wall Street's Target Price for Sunworks Inc (SUNW) Stock Friday?

Friday, October 22, 2021 09:45 AM | InvestorsObserver Analysts

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What is Wall Street's Target Price for Sunworks Inc (SUNW) Stock Friday?

Analysts who follow Sunworks Inc (SUNW) on average expect it to gain 32.89% over the next twelve months. Those same analysts give the stock an average rating of Hold. That average rating earns Sunworks Inc an Analyst Ranking of 4, which means it ranks higher than 4 of stocks, based on data compiled by InvestorsObserver.

Wall Street analysts are rating SUNW a Hold today. Find out what this means to you and get the rest of the rankings on SUNW!

See Full SUNW Report

Why are Analyst Ratings Important?

Analysts know the inner workings of the companies they follow better than anyone but the companies’ management. You can learn a lot about a company from studying the financial statements, but analysts ask questions on conference calls and understand the intricacies of each of the businesses they cover. Analysts understand how bad weather in one part of the world can disrupt supply chains, or disrupt shopping patterns. This lets traders make decisions **before** a quarterly report that could be worse than expected. InvestorsObserver aggregates the ratings of all the analysts covering a given stock, takes the average of those ratings and then percentile ranks the averages. That provides a level of granularity that is significantly better than just the three levels provided by traditional buy/hold/sell ratings.

What's Happening With Sunworks Inc Stock Today?

Sunworks Inc (SUNW) stock is lower by -7.89% while the S&P 500 has risen 0.09% as of 9:44 AM on Friday, Oct 22. SUNW has fallen -$0.52 from the previous closing price of $6.53 on volume of 9,573 shares. Over the past year the S&P 500 has gained 31.87% while SUNW has risen 109.76%. SUNW lost -$0.70 per share the over the last 12 months. Click Here to get the full Stock Report for Sunworks Inc stock.