Everspin Technologies, Inc. (MRAM)
NASDAQ: MRAM · IEX Real-Time Price · USD
7.37
+0.09 (1.24%)
Apr 23, 2024, 4:30 PM EDT - Market closed
Everspin Technologies Stock Forecast
Stock Price Forecast
The 1 analyst with a 12-month price forecast for MRAM stock has a target of 12, which predicts an increase of 62.82% from the current stock price of 7.37.
Analyst Consensus: Strong Buy
* Price targets were last updated on Feb 29, 2024.
Analyst Ratings
According to 1 stock analyst, the rating for MRAM is "Strong Buy". This means that the analyst believes 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 | 2 | 2 | 2 | 2 | 2 | 1 |
| 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 | 1 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Needham | Needham | Strong Buy Reiterates $12 | Strong Buy | Reiterates | $12 | +62.82% | Feb 29, 2024 |
| Needham | Needham | Strong Buy Reiterates $12 | Strong Buy | Reiterates | $12 | +62.82% | Aug 3, 2023 |
| Needham | Needham | Strong Buy Maintains $9 → $10 | Strong Buy | Maintains | $9 → $10 | +35.69% | Mar 2, 2023 |
| Needham | Needham | Strong Buy Maintains $13 → $9 | Strong Buy | Maintains | $13 → $9 | +22.12% | May 12, 2022 |
| Needham | Needham | Strong Buy Maintains $12 → $13 | Strong Buy | Maintains | $12 → $13 | +76.39% | Mar 3, 2022 |
Financial Forecast
Revenue This Year
61.25M
from 63.77M
Decreased by -3.94%
Revenue Next Year
76.76M
from 61.25M
Increased by 25.31%
EPS This Year
0.44
from 0.42
Increased by 4.43%
EPS Next Year
0.75
from 0.44
Increased by 72.09%
Revenue Forecast
| Revenue | 2024 | 2025 |
|---|---|---|
| High | 63.1M | 84.5M |
| Avg | 61.3M | 76.8M |
| Low | 58.8M | 68.6M |
Revenue Growth
| Revenue Growth | 2024 | 2025 |
|---|---|---|
| High | -1.0% | 38.0% |
| Avg | -3.9% | 25.3% |
| Low | -7.8% | 12.0% |
EPS Forecast
| EPS | 2024 | 2025 |
|---|---|---|
| High | 0.45 | 0.78 |
| Avg | 0.44 | 0.75 |
| Low | 0.42 | 0.73 |
EPS Growth
| EPS Growth | 2024 | 2025 |
|---|---|---|
| High | 7.5% | 77.2% |
| Avg | 4.4% | 72.1% |
| Low | 0.3% | 65.3% |
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.