New Fortress Energy Inc. (NFE)
NASDAQ: NFE · IEX Real-Time Price · USD
19.98
-0.42 (-2.06%)
At close: Jul 2, 2024, 4:00 PM
20.19
+0.21 (1.05%)
After-hours: Jul 2, 2024, 7:53 PM EDT
New Fortress Energy Stock Forecast
Stock Price Forecast
The 7 analysts with 12-month price forecasts for New Fortress Energy stock have an average target of 38.14, with a low estimate of 27 and a high estimate of 45. The average target predicts an increase of 90.89% from the current stock price of 19.98.
Analyst Consensus: Buy
* Price targets were last updated on May 9, 2024.
Analyst Ratings
The average analyst rating for NFE stock from 7 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 4 | 4 | 2 | 2 | 2 | 2 |
| Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Hold | 3 | 3 | 4 | 4 | 5 | 4 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 8 | 8 | 7 | 7 | 8 | 7 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Deutsche Bank | Deutsche Bank | Hold Maintains $35 → $33 | Hold | Maintains | $35 → $33 | +65.17% | May 9, 2024 |
| Stifel | Stifel | Strong Buy Maintains $45 → $43 | Strong Buy | Maintains | $45 → $43 | +115.22% | May 9, 2024 |
| Barclays | Barclays | Hold Maintains $32 → $27 | Hold | Maintains | $32 → $27 | +35.14% | May 6, 2024 |
| Deutsche Bank | Deutsche Bank | Strong Buy → Hold Downgrades $40 → $35 | Strong Buy → Hold | Downgrades | $40 → $35 | +75.18% | Mar 4, 2024 |
| Stifel | Stifel | Strong Buy Maintains $49 → $45 | Strong Buy | Maintains | $49 → $45 | +125.23% | Mar 1, 2024 |
Financial Forecast
Revenue This Year
3.10B
from 2.41B
Increased by 28.58%
Revenue Next Year
4.13B
from 3.10B
Increased by 33.00%
EPS This Year
2.65
from 2.65
Increased by 0.01%
EPS Next Year
3.04
from 2.65
Increased by 14.52%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 3.6B | 4.8B | 6.0B | 5.0B | 5.1B |
| Avg | 3.1B | 4.1B | 5.6B | 4.8B | 4.9B |
| Low | 2.7B | 3.4B | 5.4B | 4.7B | 4.8B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 48.3% | 53.5% | 44.2% | -11.0% | 6.3% |
| Avg | 28.6% | 33.0% | 36.6% | -14.4% | 2.3% |
| Low | 10.2% | 11.1% | 30.4% | -17.0% | -0.8% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 3.34 | 4.66 | 5.92 |
| Avg | 2.65 | 3.04 | 3.92 |
| Low | 1.82 | -1.35 | 1.91 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 26.0% | 75.7% | 95.1% |
| Avg | 0.0% | 14.5% | 29.3% |
| Low | -31.2% | - | -37.0% |
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.