Enphase Energy, Inc. (ENPH)

Enphase Energy Stock Forecast

Stock Price Forecast

The 32 analysts that cover Enphase Energy stock have a consensus rating of "Hold" and an average price target of $59.9, which forecasts a 59.39% increase in the stock price over the next year. The lowest target is $19.8 and the highest is $130.

Price Target: $59.9 (+59.39%)

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$19.8	$59.9	$45	$130
Change	-47.31%	+59.39%	+19.74%	+245.93%

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	Mar '25	Apr '25	May '25	Jun '25	Jul '25	Aug '25
Strong Buy	6	6	6	6	4	4
Buy	7	8	7	7	7	7
Hold	13	9	8	8	11	12
Sell	2	3	5	6	7	6
Strong Sell	1	3	3	3	4	4
Total	29	29	29	30	33	33

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Sean Milligan Jefferies	Jefferies	Sell → Hold Upgrades $28 → $36	Sell → Hold	Upgrades	$28 → $36	-4.20%	Aug 21, 2025
Sean Milligan Jefferies	Jefferies	Sell Maintains $32 → $28	Sell	Maintains	$32 → $28	-25.49%	Aug 4, 2025
Martin Malloy Johnson Rice	Johnson Rice	Strong Buy → Buy Downgrades $45	Strong Buy → Buy	Downgrades	$45	+19.74%	Jul 30, 2025
Praneeth Satish Wells Fargo	Wells Fargo	Buy Maintains $42 → $45	Buy	Maintains	$42 → $45	+19.74%	Jul 24, 2025
Corinne Blanchard Deutsche Bank	Deutsche Bank	Hold Maintains $49 → $42	Hold	Maintains	$49 → $42	+11.76%	Jul 24, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

1.50B

Increased by 12.60%

from 1.33B

Revenue Next Year

1.41B

Decreased by -5.61%

from 1.50B

EPS This Year

2.69

Increased by 257.66%

from 0.75

EPS Next Year

2.33

Decreased by -13.07%

from 2.69

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	1.50B	1.41B
Revenue Growth	24.04%	78.46%	68.65%	-1.72%	-41.93%	12.60%	-5.61%
EPS	0.95	1.02	2.77	3.08	0.75	2.69	2.33
EPS Growth	-23.29%	7.81%	171.79%	11.23%	-75.63%	257.66%	-13.07%
Forward PE	-	-	-	-	-	13.99	16.10
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	2.2B
Avg	1.5B	1.4B
Low	1.4B	954.2M

Revenue Growth

Revenue Growth	2025	2026	2027	2028	2029
High	46.0%	46.1%
Avg	12.6%	-5.6%
Low	3.0%	-36.3%

EPS Forecast

EPS	2025	2026	2027	2028	2029
High	3.12	3.13
Avg	2.69	2.33
Low	2.06	1.40

EPS Growth

EPS Growth	2025	2026	2027	2028	2029
High	315.2%	16.5%
Avg	257.7%	-13.1%
Low	174.9%	-47.8%

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.