Enphase Energy, Inc. (ENPH)

Enphase Energy Stock Forecast

Stock Price Forecast

The 30 analysts with 12-month price forecasts for Enphase Energy stock have an average target of 134.69, with a low estimate of 45.82 and a high estimate of 262. The average target predicts an increase of 27.72% from the current stock price of 105.46.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$45.82	$134.69	$131	$262
Change	-56.55%	+27.72%	+24.22%	+148.44%

Analyst Ratings

The average analyst rating for Enphase Energy stock from 32 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	Feb '24	Mar '24	Apr '24	May '24	Jun '24	Jul '24
Strong Buy	11	10	8	8	9	9
Buy	9	9	8	8	8	8
Hold	11	11	14	14	13	12
Sell	1	1	1	1	1	1
Strong Sell	0	0	1	2	2	2
Total	32	31	32	33	33	32

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Kashy Harrison Piper Sandler	Piper Sandler	Hold Maintains $111 → $120	Hold	Maintains	$111 → $120	+13.79%	Jul 22, 2024
Julien Dumoulin-Smith B of A Securities	B of A Securities	Sell Maintains $71 → $70	Sell	Maintains	$71 → $70	-33.62%	Jul 17, 2024
Mark Strouse JP Morgan	JP Morgan	Buy Maintains $124 → $130	Buy	Maintains	$124 → $130	+23.27%	Jul 16, 2024
Biju Perincheril Susquehanna	Susquehanna	Buy Maintains $140 → $147	Buy	Maintains	$140 → $147	+39.39%	Jul 15, 2024
Christine Cho Barclays	Barclays	Buy Maintains $134 → $131	Buy	Maintains	$134 → $131	+24.22%	Jul 12, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

1.50B

Decreased by -34.74%

from 2.29B

Revenue Next Year

2.16B

Increased by 44.55%

from 1.50B

EPS This Year

2.89

Decreased by -6.18%

from 3.08

EPS Next Year

5.06

Increased by 75.06%

from 2.89

Year	2019	2020	2021	2022	2023	2024	2025	2026	2027	2028
Revenue	624.33M	774.43M	1.38B	2.33B	2.29B	1.50B	2.16B	2.62B	3.15B	3.79B
Revenue Growth	97.47%	24.04%	78.46%	68.65%	-1.72%	-34.74%	44.55%	21.38%	20.09%	20.44%
EPS	1.23	0.95	1.02	2.77	3.08	2.89	5.06	6.30	7.66	9.52
EPS Growth	-	-22.76%	7.37%	171.57%	11.19%	-6.18%	75.06%	24.52%	21.65%	24.19%
Forward PE	-	-	-	-	-	36.49	20.85	16.74	13.76	11.08
No. Analysts	-	-	-	-	-	41	40	19	6	5

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

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	1.6B	2.7B	3.1B	3.6B	4.1B
Avg	1.5B	2.2B	2.6B	3.2B	3.8B
Low	1.3B	1.5B	2.0B	2.3B	3.5B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	-29.3%	79.3%	44.0%	38.8%	28.7%
Avg	-34.7%	44.5%	21.4%	20.1%	20.4%
Low	-44.4%	0.5%	-8.8%	-13.6%	10.0%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	3.59	6.84	7.90	8.93	9.99
Avg	2.89	5.06	6.30	7.66	9.52
Low	1.92	1.94	4.36	5.07	9.00

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	16.6%	136.8%	56.3%	41.7%	30.3%
Avg	-6.2%	75.1%	24.5%	21.7%	24.2%
Low	-37.6%	-32.9%	-13.8%	-19.6%	17.4%

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.