Codexis, Inc. (CDXS)
NASDAQ: CDXS · IEX Real-Time Price · USD
3.550
+0.250 (7.58%)
At close: Jul 19, 2024, 4:00 PM
3.670
+0.120 (3.38%)
Pre-market: Jul 22, 2024, 7:32 AM EDT
Codexis Stock Forecast
Stock Price Forecast
The 5 analysts with 12-month price forecasts for Codexis stock have an average target of 8.20, with a low estimate of 5.00 and a high estimate of 11. The average target predicts an increase of 130.99% from the current stock price of 3.55.
Analyst Consensus: Strong Buy
* Price targets were last updated on May 30, 2024.
Analyst Ratings
The average analyst rating for Codexis stock from 5 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 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Buy | 2 | 2 | 2 | 3 | 3 | 3 |
| Hold | 1 | 1 | 1 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 5 | 5 | 5 | 5 | 5 | 5 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Cantor Fitzgerald | Cantor Fitzgerald | Buy Initiates $11 | Buy | Initiates | $11 | +209.86% | May 30, 2024 |
| Benchmark | Benchmark | Strong Buy Reiterates $9 | Strong Buy | Reiterates | $9 | +153.52% | May 3, 2024 |
| Benchmark | Benchmark | Hold → Strong Buy Upgrades $9 | Hold → Strong Buy | Upgrades | $9 | +153.52% | Feb 29, 2024 |
| Benchmark | Benchmark | Strong Buy → Hold Downgrades n/a | Strong Buy → Hold | Downgrades | n/a | n/a | Nov 7, 2023 |
| Piper Sandler | Piper Sandler | Buy Maintains $14 → $10 | Buy | Maintains | $14 → $10 | +181.69% | Nov 6, 2023 |
Financial Forecast
Revenue This Year
66.28M
from 70.14M
Decreased by -5.51%
Revenue Next Year
66.44M
from 66.28M
Increased by 0.25%
EPS This Year
-0.70
from -1.12
EPS Next Year
-0.75
from -0.70
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 74.6M | 82.6M | 102.3M | 148.7M | 196.3M |
| Avg | 66.3M | 66.4M | 88.8M | 117.5M | 147.1M |
| Low | 57.7M | 56.5M | 64.9M | 81.2M | 109.6M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 6.3% | 24.7% | 54.0% | 67.5% | 67.0% |
| Avg | -5.5% | 0.2% | 33.6% | 32.4% | 25.1% |
| Low | -17.7% | -14.8% | -2.3% | -8.5% | -6.7% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | -0.61 | -0.67 | -0.28 | -0.14 | -0.01 |
| Avg | -0.70 | -0.75 | -0.28 | -0.13 | -0.01 |
| Low | -0.80 | -0.85 | -0.26 | -0.13 | -0.01 |
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.