SolarEdge (SEDG) Stock Climbs on Wall Street Radar With Dual Price Target Upgrades

TLDR

• JPMorgan raised its price target on SEDG from $37 to $44, keeping a “neutral” rating, implying roughly 24% upside from the prior close
• Royal Bank of Canada lifted its target from $24 to $30, but its new target still implies around 17% downside
• SEDG closed at $35.52, down $1.24 on the day, with a 52-week range of $28.21 to $81.25
• Last quarter, SolarEdge beat estimates with $0.05 EPS vs. a $0.02 loss expected, and revenue of $346.2M vs. $341.1M expected
• The consensus rating remains “Reduce” with an average price target around $39, based on 2 Buy, 10 Hold, and 5 Sell ratings

SolarEdge (SEDG) received two price target upgrades on Friday, from JPMorgan and Royal Bank of Canada, though the overall analyst picture remains cautious.

SolarEdge Technologies, Inc., SEDG

JPMorgan lifted its target from $37 to $44, while holding its “neutral” rating. That new target implies about 24% upside from where the stock last closed at $35.52.

Royal Bank of Canada also raised its target, moving from $24 to $30. But even with the bump, RBC’s target sits roughly 17% below the prior close, and the bank kept its “sector perform” rating in place.

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