EMCORE Corporation (EMKR)
NASDAQ: EMKR · IEX Real-Time Price · USD
0.809
-0.007 (-0.86%)
At close: May 31, 2024, 4:00 PM
0.820
+0.011 (1.36%)
After-hours: May 31, 2024, 5:39 PM EDT
EMCORE Stock Forecast
EMKR's stock price has decreased by -89.16% in the past year and price targets may not have had time to catch up.
Stock Price Forecast
The 1 analyst with a 12-month price forecast for EMCORE stock has a target of 15, which predicts an increase of 1,754.14% from the current stock price of 0.81.
Analyst Consensus: Buy
* Price targets were last updated on Aug 21, 2023.
Analyst Ratings
The average analyst rating for EMCORE stock from 2 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 3 | 3 | 3 | 1 |
| Buy | 1 | 1 | 1 | 1 | 1 | 0 |
| Hold | 0 | 0 | 0 | 0 | 0 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 4 | 4 | 4 | 4 | 4 | 2 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Alliance Global Partners | Alliance Global Partners | Strong Buy → Hold Downgrades n/a | Strong Buy → Hold | Downgrades | n/a | n/a | May 9, 2024 |
| Craig-Hallum | Craig-Hallum | Strong Buy Maintains $30 → $15 | Strong Buy | Maintains | $30 → $15 | +1,754.14% | Aug 21, 2023 |
| Alliance Global Partners | Alliance Global Partners | Strong Buy Initiates $25 | Strong Buy | Initiates | $25 | +2,990.23% | Mar 28, 2023 |
| Lake Street | Lake Street | Hold → Strong Buy Upgrades $35 → $25 | Hold → Strong Buy | Upgrades | $35 → $25 | +2,990.23% | Feb 9, 2023 |
| Northland Capital Markets | Northland Capital Markets | Hold → Buy Upgrades $25 | Hold → Buy | Upgrades | $25 | +2,990.23% | Feb 9, 2023 |
Financial Forecast
Revenue This Year
85.36M
from 97.72M
Decreased by -12.65%
Revenue Next Year
87.11M
from 85.36M
Increased by 2.05%
EPS This Year
-0.81
from -14.60
EPS Next Year
-0.11
from -0.81
Revenue Forecast
| Revenue | 2024 | 2025 |
|---|---|---|
| High | 89.3M | 89.8M |
| Avg | 85.4M | 87.1M |
| Low | 80.6M | 83.6M |
Revenue Growth
| Revenue Growth | 2024 | 2025 |
|---|---|---|
| High | -8.7% | 5.2% |
| Avg | -12.6% | 2.1% |
| Low | -17.5% | -2.1% |
EPS Forecast
| EPS | 2024 | 2025 |
|---|---|---|
| High | -0.22 | -0.12 |
| Avg | -0.81 | -0.11 |
| Low | -1.35 | -0.11 |
EPS Growth
| EPS Growth | 2024 | 2025 |
|---|---|---|
| High | - | - |
| Avg | - | - |
| Low | - | - |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.