Enovix Corporation (ENVX)
NASDAQ: ENVX · Real-Time Price · USD
9.01
-1.48 (-14.07%)
At close: Oct 31, 2024, 4:00 PM
9.06
+0.05 (0.61%)
After-hours: Oct 31, 2024, 7:52 PM EDT
Enovix Stock Forecast
Stock Price Forecast
The 11 analysts with 12-month price forecasts for Enovix stock have an average target of 20.82, with a low estimate of 10 and a high estimate of 36. The average target predicts an increase of 131.20% from the current stock price of 9.01.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for Enovix stock from 11 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | May '24 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 5 | 5 | 5 | 5 | 5 | 5 |
| Buy | 2 | 2 | 2 | 4 | 4 | 4 |
| Hold | 1 | 1 | 0 | 1 | 1 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 8 | 8 | 7 | 10 | 10 | 11 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Janney Montgomery Scott | Janney Montgomery Scott | Strong Buy → Hold Downgrades $10 | Strong Buy → Hold | Downgrades | $10 | +11.05% | Oct 31, 2024 |
| Cantor Fitzgerald | Cantor Fitzgerald | Buy Reiterates $30 | Buy | Reiterates | $30 | +233.15% | Oct 30, 2024 |
| Benchmark | Benchmark | Strong Buy Reiterates $25 | Strong Buy | Reiterates | $25 | +177.62% | Oct 30, 2024 |
| JP Morgan | JP Morgan | Buy Maintains $18 → $15 | Buy | Maintains | $18 → $15 | +66.57% | Oct 22, 2024 |
| Oppenheimer | Oppenheimer | Buy Maintains $36 | Buy | Maintains | $36 | +299.78% | Aug 26, 2024 |
Financial Forecast
Revenue This Year
21.09M
from 7.64M
Increased by 175.94%
Revenue Next Year
54.54M
from 21.09M
Increased by 158.55%
EPS This Year
-0.87
from -1.38
EPS Next Year
-0.79
from -0.87
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 24.2M | 65.1M | 379.5M | ||
| Avg | 21.1M | 54.5M | 252.8M | ||
| Low | 18.6M | 34.8M | 133.1M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 215.9% | 208.6% | 595.8% | ||
| Avg | 175.9% | 158.6% | 363.5% | ||
| Low | 143.6% | 64.9% | 144.0% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | -0.84 | -0.43 | -0.11 | ||
| Avg | -0.87 | -0.79 | -0.34 | ||
| Low | -0.95 | -0.99 | -0.65 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| 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.