Codexis, Inc. (CDXS)
NASDAQ: CDXS · IEX Real-Time Price · USD
2.660
+0.010 (0.38%)
Apr 26, 2024, 4:00 PM EDT - Market closed
Codexis Stock Forecast
Stock Price Forecast
The 4 analysts with 12-month price forecasts for Codexis stock have an average target of 7.50, with a low estimate of 5.00 and a high estimate of 10. The average target predicts an increase of 181.95% from the current stock price of 2.66.
Analyst Consensus: Strong Buy
* Price targets were last updated on Feb 29, 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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 2 | 2 | 2 |
| Buy | 3 | 3 | 3 | 2 | 2 | 2 |
| Hold | 2 | 2 | 2 | 1 | 1 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 6 | 6 | 6 | 5 | 5 | 5 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Benchmark | Benchmark | Hold → Strong Buy Upgrades $9 | Hold → Strong Buy | Upgrades | $9 | +238.35% | 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 | +275.94% | Nov 6, 2023 |
| Benchmark | Benchmark | Strong Buy Reiterates $9 | Strong Buy | Reiterates | $9 | +238.35% | Sep 1, 2023 |
| Stifel | Stifel | Strong Buy Maintains $9 → $5 | Strong Buy | Maintains | $9 → $5 | +87.97% | Aug 14, 2023 |
Financial Forecast
Revenue This Year
66.69M
from 70.14M
Decreased by -4.92%
Revenue Next Year
63.29M
from 66.69M
Decreased by -5.09%
EPS This Year
-0.66
from -1.12
EPS Next Year
-0.70
from -0.66
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 74.6M | 76.1M | 107.2M | 158.6M | 210.1M |
| Avg | 66.7M | 63.3M | 85.9M | 139.4M | 192.4M |
| Low | 57.7M | 50.0M | 64.9M | 119.8M | 173.7M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 6.3% | 14.1% | 69.4% | 84.8% | 50.8% |
| Avg | -4.9% | -5.1% | 35.7% | 62.3% | 38.1% |
| Low | -17.7% | -25.1% | 2.6% | 39.5% | 24.6% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -0.60 | -0.56 | -0.21 |
| Avg | -0.66 | -0.70 | -0.20 |
| Low | -0.73 | -0.81 | -0.20 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| 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.