EMCORE Corporation (EMKR)
NASDAQ: EMKR · IEX Real-Time Price · USD
2.915
-0.035 (-1.19%)
Apr 25, 2024, 9:56 AM EDT - Market closed
EMCORE Stock Forecast
EMKR's stock price has decreased by -73.5% in the past year and price targets may not have had time to catch up.
Stock Price Forecast
The 1 analyst with a 12-month price forecast for EMCORE stock has a target of 15, which predicts an increase of 414.58% from the current stock price of 2.92.
Analyst Consensus: Strong Buy
* Price targets were last updated on Aug 21, 2023.
Analyst Ratings
According to 1 stock analyst, the rating for EMCORE is "Strong Buy". This means that the analyst believes 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 | 3 | 3 | 3 | 3 | 3 | 1 |
| Buy | 1 | 1 | 1 | 1 | 1 | 0 |
| Hold | 0 | 0 | 0 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 4 | 4 | 4 | 4 | 4 | 1 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Craig-Hallum | Craig-Hallum | Strong Buy Maintains $30 → $15 | Strong Buy | Maintains | $30 → $15 | +414.58% | Aug 21, 2023 |
| Alliance Global Partners | Alliance Global Partners | Strong Buy Initiates $25 | Strong Buy | Initiates | $25 | +757.63% | Mar 28, 2023 |
| Lake Street | Lake Street | Hold → Strong Buy Upgrades $35 → $25 | Hold → Strong Buy | Upgrades | $35 → $25 | +757.63% | Feb 9, 2023 |
| Northland Capital Markets | Northland Capital Markets | Hold → Buy Upgrades $25 | Hold → Buy | Upgrades | $25 | +757.63% | Feb 9, 2023 |
| Northland Capital Markets | Northland Capital Markets | Hold Maintains $35 → $20 | Hold | Maintains | $35 → $20 | +586.11% | Dec 21, 2022 |
Financial Forecast
Revenue This Year
103.64M
from 97.72M
Increased by 6.06%
Revenue Next Year
116.96M
from 103.64M
Increased by 12.85%
EPS This Year
-0.87
from -14.60
EPS Next Year
-0.20
from -0.87
Revenue Forecast
| Revenue | 2024 | 2025 |
|---|---|---|
| High | 107.3M | 121.7M |
| Avg | 103.6M | 117.0M |
| Low | 98.5M | 111.1M |
Revenue Growth
| Revenue Growth | 2024 | 2025 |
|---|---|---|
| High | 9.8% | 17.5% |
| Avg | 6.1% | 12.9% |
| Low | 0.8% | 7.2% |
EPS Forecast
| EPS | 2024 | 2025 |
|---|---|---|
| High | -0.84 | -0.21 |
| Avg | -0.87 | -0.20 |
| Low | -0.88 | -0.20 |
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.