Enphase Energy, Inc. (ENPH)

Enphase Energy Stock Forecast

Stock Price Forecast

The 25 analysts that cover Enphase Energy stock have a consensus rating of "Hold" and an average price target of $45.26, which forecasts a 68.07% increase in the stock price over the next year. The lowest target is $23.49 and the highest is $101.

Price Target: $45.26 (+68.07%)

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$23.49	$45.26	$39	$101
Change	-12.77%	+68.07%	+44.82%	+275.05%

Analyst Ratings

The average analyst rating for Enphase Energy stock is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Jun '25	Jul '25	Aug '25	Sep '25	Oct '25	Nov '25
Strong Buy	6	4	4	4	2	2
Buy	7	7	7	7	4	4
Hold	8	11	12	10	12	11
Sell	6	6	5	5	5	4
Strong Sell	3	4	4	4	4	4
Total	30	32	32	30	27	25

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Andrew Percoco Morgan Stanley	Morgan Stanley	Sell Maintains $28 → $26	Sell	Maintains	$28 → $26	-3.45%	Oct 30, 2025
Vikram Bagri Citigroup	Citigroup	Strong Sell Maintains $32 → $31	Strong Sell	Maintains	$32 → $31	+15.11%	Oct 29, 2025
Christopher Dendrinos RBC Capital	RBC Capital	Hold Maintains $33 → $31	Hold	Maintains	$33 → $31	+15.11%	Oct 29, 2025
Mark Strouse JP Morgan	JP Morgan	Hold Maintains $40 → $37	Hold	Maintains	$40 → $37	+37.39%	Oct 29, 2025
Maheep Mandloi Mizuho	Mizuho	Buy → Hold Downgrades $50 → $37	Buy → Hold	Downgrades	$50 → $37	+37.39%	Oct 23, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

1.51B

Increased by 13.35%

from 1.33B

Revenue Next Year

1.30B

Decreased by -13.86%

from 1.51B

EPS This Year

2.80

Increased by 272.64%

from 0.75

EPS Next Year

2.16

Decreased by -22.96%

from 2.80

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	774.43M	1.38B	2.33B	2.29B	1.33B	1.51B	1.30B
Revenue Growth	24.04%	78.46%	68.65%	-1.72%	-41.93%	13.35%	-13.86%
EPS	0.95	1.02	2.77	3.08	0.75	2.80	2.16
EPS Growth	-23.29%	7.81%	171.79%	11.23%	-75.63%	272.64%	-22.96%
Forward PE	-	-	-	-	-	9.62	12.49
No. Analysts	-	-	-	-	-	37	36

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

Revenue Forecast

Revenue	2025	2026	2027	2028	2029
High	1.9B	2.1B
Avg	1.5B	1.3B
Low	1.4B	974.1M

Revenue Growth

Revenue Growth	2025	2026	2027	2028	2029
High	46.0%	37.9%
Avg	13.4%	-13.9%
Low	6.4%	-35.4%

EPS Forecast

EPS	2025	2026	2027	2028	2029
High	3.17	3.68
Avg	2.80	2.16
Low	2.32	1.61

EPS Growth

EPS Growth	2025	2026	2027	2028	2029
High	322.2%	31.3%
Avg	272.6%	-23.0%
Low	209.3%	-42.6%

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.