Enovix Corporation (ENVX)

Enovix Stock Forecast

Stock Price Forecast

According to 12 professional analysts, the 12-month price target for Enovix stock ranges from a low of $7.00 to a high of $36. The average price target of $18.75 forecasts a 136.44% increase in the stock price over the next year.

Price Target: $18.75 (+136.44%)

Analyst Consensus: Strong Buy

Target	Low	Average	Median	High
Price	$7.00	$18.75	$19	$36
Change	-11.73%	+136.44%	+139.60%	+353.97%

Analyst Ratings

The average analyst rating for Enovix stock is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.

Recommendation Trends

Rating	Dec '24	Jan '25	Feb '25	Mar '25	Apr '25	May '25
Strong Buy	5	5	5	5	6	6
Buy	4	4	4	4	4	4
Hold	2	2	2	2	2	2
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	11	11	11	11	12	12

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Bill Peterson JP Morgan	JP Morgan	Buy Maintains $10 → $9	Buy	Maintains	$10 → $9	+13.49%	May 1, 2025
Gabe Daoud TD Securities	TD Securities	Hold Maintains $10 → $7	Hold	Maintains	$10 → $7	-11.73%	May 1, 2025
Christopher Souther B. Riley Securities	B. Riley Securities	Strong Buy Maintains $17 → $12	Strong Buy	Maintains	$17 → $12	+51.32%	Apr 29, 2025
Bill Peterson JP Morgan	JP Morgan	Buy Maintains $15 → $10	Buy	Maintains	$15 → $10	+26.10%	Apr 24, 2025
Mickey Legg Benchmark	Benchmark	Strong Buy Maintains $25 → $15	Strong Buy	Maintains	$25 → $15	+89.16%	Apr 15, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

35.18M

Increased by 52.47%

from 23.07M

Revenue Next Year

142.26M

Increased by 304.37%

from 35.18M

EPS This Year

-0.72

from -1.27

EPS Next Year

-0.61

from -0.72

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Dec 31, 2020	Jan 2, 2022	Jan 1, 2023	Dec 31, 2023	Dec 29, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	-	-	6.20M	7.64M	23.07M	35.18M	142.26M	556.11M
Revenue Growth	-	-	-	23.25%	201.86%	52.47%	304.37%	290.91%
EPS	-0.49	-1.07	-0.82	-1.38	-1.27	-0.72	-0.61	0.70
EPS Growth	-	-	-	-	-	-	-	-
Forward PE	-	-	-	-	-	-	-	11.32
No. Analysts	-	-	-	-	-	13	13	6

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

Revenue Forecast

Revenue	2025	2026	2027	2028	2029
High	42.3M	222.6M	930.6M
Avg	35.2M	142.3M	556.1M
Low	31.4M	104.3M	243.6M

Revenue Growth

Revenue Growth	2025	2026	2027	2028	2029
High	83.4%	532.7%	554.1%
Avg	52.5%	304.4%	290.9%
Low	35.9%	196.4%	71.2%

EPS Forecast

EPS	2025	2026	2027	2028	2029
High	-0.58	-0.37	1.16
Avg	-0.72	-0.61	0.70
Low	-0.82	-0.93	0.25

EPS Growth

EPS Growth	2025	2026	2027	2028	2029
High	-	-	-
Avg	-	-	-
Low	-	-	-

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.