Enovix Corporation (ENVX)
NASDAQ: ENVX · IEX Real-Time Price · USD
5.84
-0.18 (-2.99%)
At close: Apr 25, 2024, 4:00 PM
5.83
-0.01 (-0.17%)
After-hours: Apr 25, 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 25.13, with a low estimate of 17 and a high estimate of 36. The average target predicts an increase of 330.31% from the current stock price of 5.84.
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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 5 | 5 | 5 | 5 | 5 | 5 |
| Buy | 4 | 4 | 4 | 3 | 3 | 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 | 10 | 10 | 9 | 9 | 8 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Cantor Fitzgerald | Cantor Fitzgerald | Buy Reiterates $30 | Buy | Reiterates | $30 | +413.70% | Apr 25, 2024 |
| EF Hutton | EF Hutton | Strong Buy Reiterates $24 | Strong Buy | Reiterates | $24 | +310.96% | Feb 21, 2024 |
| Cantor Fitzgerald | Cantor Fitzgerald | Buy Reiterates $30 | Buy | Reiterates | $30 | +413.70% | Feb 21, 2024 |
| Canaccord Genuity | Canaccord Genuity | Strong Buy Reiterates $17 | Strong Buy | Reiterates | $17 | +191.10% | Feb 21, 2024 |
| Cantor Fitzgerald | Cantor Fitzgerald | Buy Reiterates $30 | Buy | Reiterates | $30 | +413.70% | Jan 18, 2024 |
Financial Forecast
Revenue This Year
22.79M
from 7.64M
Increased by 198.18%
Revenue Next Year
123.58M
from 22.79M
Increased by 442.18%
EPS This Year
-1.00
from -1.38
EPS Next Year
-0.85
from -1.00
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 30.5M | 176.1M | 531.5M | 1.0B | 1.6B |
| Avg | 22.8M | 123.6M | 384.9M | 773.2M | 996.1M |
| Low | 9.8M | 86.4M | 211.6M | 278.3M | 420.6M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 298.4% | 672.6% | 330.1% | 169.4% | 106.9% |
| Avg | 198.2% | 442.2% | 211.5% | 100.9% | 28.8% |
| Low | 28.2% | 278.9% | 71.2% | -27.7% | -45.6% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | -0.83 | -0.62 | 0.03 | 1.06 | 2.19 |
| Avg | -1.00 | -0.85 | -0.25 | 0.80 | 2.13 |
| Low | -1.24 | -1.13 | -0.51 | 0.46 | 2.05 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | - | - | - | - | 174.7% |
| Avg | - | - | - | - | 166.8% |
| Low | - | - | - | - | 156.4% |
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.