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Goldman Sachs Defending Shoals Technologies Group (SHLS)

September 6, 2024 6:08 AM EDT

Goldman Sachs analyst Brian Lee reiterated a Buy rating and $11.00 price target on Shoals Technologies Group (NASDAQ: SHLS).

The analyst comments "We come away incrementally more confident in the long-term growth prospects for SHLS following the companys first-ever Analyst Day with the company targeting a 12%-18% revenue CAGR thru 2027 on the back of (i) continued share gain and growth in... More