Codexis Stock Forecast

Stock Price Forecast

According to 7 analysts polled by S&P Global, Codexis stock has a consensus rating of "Buy" and an average price target of $6.58. The average 1-year stock price forecast is 164.79% higher than the current stock price, while the lowest is $2.00 (-19.52%) and the highest is $11 (+342.66%).

Price Target: $6.58 (+164.79%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$2.00	$6.58	$7.00	$11
Change	-19.52%	+164.79%	+181.69%	+342.66%

Analyst Ratings

The average analyst rating for Codexis stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Oct '25	Nov '25	Jan '26	Mar '26	Apr '26	May '26
Strong Buy	4	4	4	4	4	4
Buy	1	1	1	1	1	1
Hold	2	2	2	2	2	2
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	7	7	7	7	7	7

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Kristen Kluska Cantor Fitzgerald	Cantor Fitzgerald	Buy Maintains $11	Buy	Maintains	$11	+342.66%	May 20, 2026
Matt Hewitt Craig-Hallum	Craig-Hallum	Buy Reiterates $9	Buy	Reiterates	$9	+262.17%	May 8, 2026
Allison Bratzel Piper Sandler	Piper Sandler	Buy Maintains $9	Buy	Maintains	$9	+262.17%	May 8, 2026
Brendan Smith TD Cowen	TD Cowen	Hold Maintains $2	Hold	Maintains	$2	-19.52%	May 8, 2026
Unknown Analyst Jefferies No rating	Jefferies	Buy Reiterates $3.5	Buy	Reiterates	$3.5	+40.85%	Apr 1, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

74.10M

from 70.39M

5.27%

from 70.39M

Revenue Next Year

88.93M

from 74.10M

20.01%

from 74.10M

EPS This Year

-0.36

from -0.47

EPS Next Year

-0.37

from -0.36

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	104.75M	138.59M	70.14M	59.35M	70.39M	74.10M
Revenue Growth	51.69%	32.30%	-49.39%	-15.39%	18.61%	5.27%
Gross Profit	26.63M	20.46M	-1.55M	-3.21M	8.74M	54.46M
Gross Margin	25.42%	14.76%	-2.21%	-5.40%	12.42%	73.50%
Operating Income	-22.70M	-31.71M	-54.80M	-58.35M	-38.33M	-33.27M
Net Income	-21.28M	-33.59M	-76.24M	-65.28M	-43.97M	-35.29M
EPS	-	-	-	-	-0.47	-0.36
Free Cash Flow	-14.33M	2.36M	-14.31M	-33.12M	-5.07M	-36.08M
No. Analysts	-	-	-	-	-	7

EPS and Forward PE are based on non-GAAP adjusted numbers.

Revenue Forecast

Revenue	2026	2027	2028
High	75.8M
Avg	74.1M
Low	72.2M

Revenue Growth

Revenue Growth	2026	2027	2028
High	7.7%
Avg	5.3%
Low	2.6%

EPS Forecast

EPS	2026	2027	2028
High	-0.25
Avg	-0.36
Low	-0.46

EPS Growth

EPS Growth	2026	2027	2028
High	-
Avg	-
Low	-