Emcore Stock Forecast

Stock Price Forecast

The 1 analyst with a 12-month price forecast for Emcore stock has a target of 3.00, which predicts an increase of 2.74% from the current stock price of 2.92.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$3.00	$3.00	$3.00	$3.00
Change	+2.74%	+2.74%	+2.74%	+2.74%

* Price targets were last updated on Oct 2, 2024.

Analyst Ratings

The average analyst rating for Emcore stock from 2 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	1	1	0	0	1	1
Buy	0	0	0	0	0	0
Hold	1	1	2	2	1	1
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	2	2	2	2	2	2

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Richard Shannon Craig-Hallum	Craig-Hallum	Hold → Strong Buy Upgrades $1 → $3	Hold → Strong Buy	Upgrades	$1 → $3	+2.74%	Oct 2, 2024
Richard Shannon Craig-Hallum	Craig-Hallum	Hold Maintains $2 → $1	Hold	Maintains	$2 → $1	-65.75%	Aug 8, 2024
Brian Kinstlinger Alliance Global Partners	Alliance Global Partners	Strong Buy → Hold Downgrades n/a	Strong Buy → Hold	Downgrades	n/a	n/a	May 9, 2024
Richard Shannon Craig-Hallum	Craig-Hallum	Strong Buy Maintains $30 → $15	Strong Buy	Maintains	$30 → $15	+413.70%	Aug 21, 2023
Brian Kinstlinger Alliance Global Partners	Alliance Global Partners	Strong Buy Initiates $25	Strong Buy	Initiates	$25	+756.16%	Mar 28, 2023

More Analyst Ratings

Financial Forecast

Revenue This Year

85.84M

from 97.72M

-12.16%

from 97.72M

Revenue Next Year

91.91M

from 85.84M

7.07%

from 85.84M

EPS This Year

-0.85

from -14.64

EPS Next Year

-0.39

from -0.85

Fiscal Year	FY 2019	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025
Period Ending	Sep 30, 2019	Sep 30, 2020	Sep 30, 2021	Sep 30, 2022	Sep 30, 2023	Sep 30, 2024	Sep 30, 2025
Revenue	87.27M	110.13M	158.44M	45.32M	97.72M	85.84M	91.91M
Revenue Growth	1.92%	26.20%	43.87%	-71.40%	115.62%	-12.16%	7.07%
EPS	-12.90	-2.40	7.20	-6.53	-14.64	-0.85	-0.39
EPS Growth	-	-	-	-	-	-	-
Forward PE	-	-	-	-	-	-	-
No. Analysts	-	-	-	-	-	5	4

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025
High	89.5M	99.6M
Avg	85.8M	91.9M
Low	80.6M	83.6M

Revenue Growth

Revenue Growth	2024	2025
High	-8.4%	16.1%
Avg	-12.2%	7.1%
Low	-17.5%	-2.6%

EPS Forecast

EPS	2024	2025
High	-0.22	-0.40
Avg	-0.85	-0.39
Low	-1.43	-0.37

EPS Growth

EPS Growth	2024	2025
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.