New Fortress Energy Inc. (NFE)
NASDAQ: NFE · Real-Time Price · USD
8.56
-0.62 (-6.75%)
At close: Nov 15, 2024, 4:00 PM
8.63
+0.07 (0.82%)
After-hours: Nov 15, 2024, 7:21 PM EST
New Fortress Energy Stock Forecast
Stock Price Forecast
The 6 analysts with 12-month price forecasts for New Fortress Energy stock have an average target of 22, with a low estimate of 15 and a high estimate of 45. The average target predicts an increase of 157.01% from the current stock price of 8.56.
Analyst Consensus: Buy
* Price targets were last updated on Oct 3, 2024.
Analyst Ratings
The average analyst rating for NFE stock from 6 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 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 3 | 2 | 2 |
| Buy | 1 | 1 | 0 | 0 | 0 | 0 |
| Hold | 5 | 4 | 3 | 3 | 4 | 4 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 8 | 7 | 5 | 6 | 6 | 6 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Morgan Stanley | Morgan Stanley | Buy → Hold Downgrades $35 → $15 | Buy → Hold | Downgrades | $35 → $15 | +75.23% | Oct 3, 2024 |
| BTIG | BTIG | Strong Buy Maintains $35 → $15 | Strong Buy | Maintains | $35 → $15 | +75.23% | Sep 13, 2024 |
| Deutsche Bank | Deutsche Bank | Hold Maintains $26 → $21 | Hold | Maintains | $26 → $21 | +145.33% | Aug 12, 2024 |
| Stifel | Stifel | Strong Buy Maintains $40 → $17 | Strong Buy | Maintains | $40 → $17 | +98.60% | Aug 12, 2024 |
| Barclays | Barclays | Hold Maintains $27 → $19 | Hold | Maintains | $27 → $19 | +121.96% | Aug 5, 2024 |
Financial Forecast
Revenue This Year
2.32B
from 2.39B
Decreased by -2.97%
Revenue Next Year
3.05B
from 2.32B
Increased by 31.74%
EPS This Year
0.54
from 2.65
Decreased by -79.66%
EPS Next Year
1.12
from 0.54
Increased by 108.21%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 2.5B | 3.9B | 4.2B | ||
| Avg | 2.3B | 3.1B | 3.8B | ||
| Low | 2.1B | 2.5B | 3.5B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 6.0% | 67.0% | 37.1% | ||
| Avg | -3.0% | 31.7% | 24.7% | ||
| Low | -12.1% | 9.4% | 15.9% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 0.70 | 2.10 | 2.24 |
| Avg | 0.54 | 1.12 | 1.10 |
| Low | 0.35 | -0.05 | 0.11 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -73.5% | 289.0% | 99.3% |
| Avg | -79.7% | 108.2% | -1.9% |
| Low | -86.7% | - | -90.4% |
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.