Enphase Energy, Inc. (ENPH)
NASDAQ: ENPH · IEX Real-Time Price · USD
111.92
+4.09 (3.79%)
Apr 26, 2024, 3:20 PM EDT - Market open
Enphase Energy Stock Forecast
Stock Price Forecast
The 29 analysts with 12-month price forecasts for Enphase Energy stock have an average target of 135.31, with a low estimate of 86 and a high estimate of 262. The average target predicts an increase of 20.90% from the current stock price of 111.92.
Analyst Consensus: Buy
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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 8 | 9 | 11 | 11 | 10 | 8 |
| Buy | 7 | 7 | 7 | 9 | 9 | 8 |
| Hold | 14 | 14 | 13 | 11 | 11 | 14 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 1 |
| Total | 30 | 31 | 32 | 32 | 31 | 32 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Barclays | Barclays | Hold → Buy Upgrades $134 | Hold → Buy | Upgrades | $134 | +19.73% | Apr 26, 2024 |
| Craig-Hallum | Craig-Hallum | Strong Buy Maintains $159 → $147 | Strong Buy | Maintains | $159 → $147 | +31.34% | Apr 24, 2024 |
| B. Riley Securities | B. Riley Securities | Strong Buy Maintains $149 → $133 | Strong Buy | Maintains | $149 → $133 | +18.83% | Apr 24, 2024 |
| RBC Capital | RBC Capital | Buy Maintains $140 → $130 | Buy | Maintains | $140 → $130 | +16.15% | Apr 24, 2024 |
| JP Morgan | JP Morgan | Buy Maintains $141 → $128 | Buy | Maintains | $141 → $128 | +14.37% | Apr 24, 2024 |
Financial Forecast
Revenue This Year
1.64B
from 2.29B
Decreased by -28.45%
Revenue Next Year
2.33B
from 1.64B
Increased by 41.92%
EPS This Year
3.37
from 3.08
Increased by 9.58%
EPS Next Year
5.54
from 3.37
Increased by 64.01%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 1.9B | 2.8B | 3.2B | 6.8B | 4.3B |
| Avg | 1.6B | 2.3B | 2.8B | 4.2B | 3.9B |
| Low | 1.4B | 1.8B | 2.2B | 3.1B | 3.4B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | -16.2% | 71.3% | 39.0% | 145.4% | 1.7% |
| Avg | -28.5% | 41.9% | 19.4% | 50.8% | -8.0% |
| Low | -39.3% | 9.5% | -6.5% | 11.7% | -18.2% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 4.53 | 7.86 | 8.44 | 8.51 | 9.98 |
| Avg | 3.37 | 5.54 | 6.74 | 7.13 | 7.77 |
| Low | 1.91 | 3.92 | 4.82 | 4.79 | 5.31 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 46.9% | 133.0% | 52.5% | 26.2% | 39.9% |
| Avg | 9.6% | 64.0% | 21.8% | 5.8% | 9.0% |
| Low | -38.0% | 16.1% | -12.9% | -28.9% | -25.5% |
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.