Everspin Technologies Stock Forecast

Stock Price Forecast

The 2 analysts with 12-month price forecasts for MRAM stock have an average target of 9.00, with a low estimate of 8.00 and a high estimate of 10. The average target predicts an increase of 41.51% from the current stock price of 6.36.

Analyst Consensus: Strong Buy

Target	Low	Average	Median	High
Price	$8.00	$9.00	$10	$10
Change	+25.79%	+41.51%	+57.23%	+57.23%

Analyst Ratings

The average analyst rating for MRAM stock from 2 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	Jun '24	Jul '24	Aug '24	Sep '24	Oct '24	Nov '24
Strong Buy	2	2	2	2	2	2
Buy	0	0	0	0	0	0
Hold	0	0	0	0	0	0
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	2	2	2	2	2	2

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Quinn Bolton Needham	Needham	Strong Buy Reiterates $8	Strong Buy	Reiterates	$8	+25.79%	Oct 31, 2024
Quinn Bolton Needham	Needham	Strong Buy Reiterates $8	Strong Buy	Reiterates	$8	+25.79%	Aug 1, 2024
Richard Shannon Craig-Hallum	Craig-Hallum	Strong Buy Maintains $11 → $10	Strong Buy	Maintains	$11 → $10	+57.23%	May 2, 2024
Quinn Bolton Needham	Needham	Strong Buy Maintains $12 → $8	Strong Buy	Maintains	$12 → $8	+25.79%	May 2, 2024
Quinn Bolton Needham	Needham	Strong Buy Reiterates $12	Strong Buy	Reiterates	$12	+88.68%	Feb 29, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

50.64M

from 63.77M

-20.58%

from 63.77M

Revenue Next Year

54.26M

from 50.64M

7.15%

from 50.64M

EPS This Year

0.29

from 0.42

-32.40%

from 0.42

EPS Next Year

0.33

from 0.29

14.29%

from 0.29

Fiscal Year	FY 2019	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025
Period Ending	Dec 31, 2019	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025
Revenue	37.50M	42.03M	55.15M	59.99M	63.77M	50.64M	54.26M
Revenue Growth	-24.11%	12.07%	31.20%	8.77%	6.30%	-20.58%	7.15%
EPS	-0.85	-0.45	0.22	0.29	0.42	0.29	0.33
EPS Growth	-	-	-	33.59%	43.75%	-32.40%	14.29%
Forward PE	-	-	-	-	-	22.27	19.49
No. Analysts	-	-	-	-	-	4	4

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

Revenue Forecast

Revenue	2024	2025
High	52.2M	56.7M
Avg	50.6M	54.3M
Low	48.6M	51.4M

Revenue Growth

Revenue Growth	2024	2025
High	-18.2%	12.0%
Avg	-20.6%	7.2%
Low	-23.8%	1.4%

EPS Forecast

EPS	2024	2025
High	0.29	0.34
Avg	0.29	0.33
Low	0.27	0.31

EPS Growth

EPS Growth	2024	2025
High	-30.4%	17.6%
Avg	-32.4%	14.3%
Low	-35.0%	9.8%

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.