Enovix Corporation (ENVX)
NASDAQ: ENVX · IEX Real-Time Price · USD
14.19
-0.91 (-6.03%)
At close: Jul 2, 2024, 4:00 PM
14.34
+0.15 (1.06%)
After-hours: Jul 2, 2024, 7:59 PM EDT
Enovix Stock Forecast
Stock Price Forecast
The 8 analysts with 12-month price forecasts for Enovix stock have an average target of 19.38, with a low estimate of 12 and a high estimate of 30. The average target predicts an increase of 36.58% from the current stock price of 14.19.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for Enovix stock from 8 stock analysts 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 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 5 | 5 | 5 | 5 | 5 | 5 |
| Buy | 4 | 3 | 3 | 2 | 2 | 2 |
| Hold | 1 | 1 | 1 | 1 | 1 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 10 | 9 | 9 | 8 | 8 | 8 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Canaccord Genuity | Canaccord Genuity | Strong Buy Maintains $17 | Strong Buy | Maintains | $17 | +19.80% | Jun 27, 2024 |
| EF Hutton | EF Hutton | Strong Buy Maintains $24 | Strong Buy | Maintains | $24 | +69.13% | May 2, 2024 |
| Craig-Hallum | Craig-Hallum | Strong Buy Maintains $20 → $15 | Strong Buy | Maintains | $20 → $15 | +5.71% | May 2, 2024 |
| B. Riley Securities | B. Riley Securities | Strong Buy Maintains $18 → $16 | Strong Buy | Maintains | $18 → $16 | +12.76% | Apr 30, 2024 |
| JP Morgan | JP Morgan | Buy Maintains $18 → $12 | Buy | Maintains | $18 → $12 | -15.43% | Apr 26, 2024 |
Financial Forecast
Revenue This Year
22.14M
from 7.64M
Increased by 189.69%
Revenue Next Year
83.35M
from 22.14M
Increased by 276.41%
EPS This Year
-0.94
from -1.38
EPS Next Year
-0.75
from -0.94
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 25.7M | 140.2M | 481.7M | 1.0B | 1.7B |
| Avg | 22.1M | 83.4M | 320.5M | 651.8M | 983.3M |
| Low | 18.6M | 43.8M | 163.1M | 260.3M | 496.6M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 236.5% | 533.0% | 477.9% | 212.6% | 154.4% |
| Avg | 189.7% | 276.4% | 284.5% | 103.4% | 50.9% |
| Low | 143.6% | 97.8% | 95.6% | -18.8% | -23.8% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | -0.79 | -0.37 | 0.18 | 1.02 | 2.37 |
| Avg | -0.94 | -0.75 | -0.18 | 0.68 | 1.70 |
| Low | -1.09 | -1.29 | -0.37 | 0.35 | 1.06 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | - | - | - | - | 250.7% |
| Avg | - | - | - | - | 151.8% |
| Low | - | - | - | - | 56.4% |
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.