Enphase Energy, Inc. (ENPH)
NASDAQ: ENPH · Real-Time Price · USD
65.80
-3.00 (-4.36%)
At close: Dec 19, 2024, 4:00 PM
64.02
-1.78 (-2.71%)
Pre-market: Dec 20, 2024, 7:18 AM EST
Enphase Energy Stock Forecast
Stock Price Forecast
The 29 analysts with 12-month price forecasts for Enphase Energy stock have an average target of 100.34, with a low estimate of 45.82 and a high estimate of 147. The average target predicts an increase of 52.49% from the current stock price of 65.80.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Enphase Energy stock from 31 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 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 | Dec '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 9 | 9 | 9 | 8 | 7 | 7 |
| Buy | 8 | 7 | 7 | 7 | 7 | 7 |
| Hold | 12 | 12 | 12 | 13 | 13 | 13 |
| Sell | 1 | 1 | 1 | 1 | 2 | 2 |
| Strong Sell | 2 | 2 | 2 | 2 | 2 | 2 |
| Total | 32 | 31 | 31 | 31 | 31 | 31 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Goldman Sachs | Goldman Sachs | Strong Buy Maintains $145 → $121 | Strong Buy | Maintains | $145 → $121 | +83.89% | Dec 17, 2024 |
| Piper Sandler | Piper Sandler | Hold Maintains $85 → $70 | Hold | Maintains | $85 → $70 | +6.38% | Nov 22, 2024 |
| RBC Capital | RBC Capital | Hold Maintains $85 → $71 | Hold | Maintains | $85 → $71 | +7.90% | Nov 22, 2024 |
| Canaccord Genuity | Canaccord Genuity | Hold Maintains $76 | Hold | Maintains | $76 | +15.50% | Nov 19, 2024 |
| Northland Capital Markets | Northland Capital Markets | Buy Maintains $110 → $90 | Buy | Maintains | $110 → $90 | +36.78% | Nov 19, 2024 |
Financial Forecast
Revenue This Year
1.36B
from 2.29B
Decreased by -40.68%
Revenue Next Year
1.78B
from 1.36B
Increased by 30.91%
EPS This Year
2.15
from 3.08
Decreased by -30.28%
EPS Next Year
3.76
from 2.15
Increased by 74.88%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 1.5B | 2.4B | 2.6B | |||
| Avg | 1.4B | 1.8B | 2.1B | |||
| Low | 1.3B | 1.5B | 1.5B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | -34.2% | 79.8% | 48.2% | |||
| Avg | -40.7% | 30.9% | 17.7% | |||
| Low | -44.0% | 7.0% | -16.8% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 3.01 | 5.22 | 6.74 | |||
| Avg | 2.15 | 3.76 | 4.84 | |||
| Low | 0.66 | 2.02 | 3.55 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | -2.2% | 143.2% | 79.4% | |||
| Avg | -30.3% | 74.9% | 28.9% | |||
| Low | -78.7% | -6.0% | -5.6% |
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.