New Fortress Energy Inc. (NFE)
NASDAQ: NFE · Real-Time Price · USD
9.18
+0.09 (0.99%)
At close: Nov 20, 2024, 4:00 PM
9.16
-0.02 (-0.22%)
Pre-market: Nov 21, 2024, 7:15 AM EST

New Fortress Energy Stock Forecast

Stock Price Forecast

The 6 analysts with 12-month price forecasts for New Fortress Energy stock have an average target of 22, with a low estimate of 15 and a high estimate of 45. The average target predicts an increase of 139.65% from the current stock price of 9.18.

Analyst Consensus: Buy
Target Low Average Median High
Price $15 $22 $19 $45
Change +63.40% +139.65% +106.97% +390.20%
* Price targets were last updated on Oct 3, 2024.

Analyst Ratings

The average analyst rating for NFE stock from 6 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 Jun '24Jul '24Aug '24Sep '24Oct '24Nov '24
Strong Buy 222322
Buy 110000
Hold 543344
Sell 000000
Strong Sell 000000
Total 875666

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Morgan Stanley
Morgan Stanley
Hold
Downgrades
$35$15
Hold Downgrades $35$15 +63.40% Oct 3, 2024
BTIG
BTIG
Strong Buy
Maintains
$35$15
Strong Buy Maintains $35$15 +63.40% Sep 13, 2024
Deutsche Bank
Deutsche Bank
Hold
Maintains
$26$21
Hold Maintains $26$21 +128.76% Aug 12, 2024
Stifel
Stifel
Strong Buy
Maintains
$40$17
Strong Buy Maintains $40$17 +85.19% Aug 12, 2024
Barclays
Barclays
Hold
Maintains
$27$19
Hold Maintains $27$19 +106.97% Aug 5, 2024
More Analyst Ratings

Financial Forecast

Revenue This Year
2.32B
from 2.39B
Decreased by -2.97%
Revenue Next Year
3.05B
from 2.32B
Increased by 31.74%
EPS This Year
0.54
from 2.65
Decreased by -79.66%
EPS Next Year
1.12
from 0.54
Increased by 108.21%
Fiscal Year FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026
Period Ending Dec 31, 2019 Dec 31, 2020 Dec 31, 2021 Dec 31, 2022 Dec 31, 2023 Dec 31, 2024 Dec 31, 2025 Dec 31, 2026
Revenue
189.13M451.65M1.29B2.34B2.39B2.32B3.05B3.81B
Revenue Growth
68.41%138.81%185.08%81.41%2.19%-2.97%31.74%24.75%
EPS
-1.62-1.710.470.932.650.541.121.10
EPS Growth
---98.68%185.45%-79.66%108.21%-1.88%
Forward PE
-----17.038.188.34
No. Analysts -----10107
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20242025202620272028
High 2.5B 3.9B 4.2B
Avg 2.3B 3.1B 3.8B
Low 2.1B 2.5B 3.5B

Revenue Growth

Revenue Growth 20242025202620272028
High
6.0%
67.0%
37.1%
Avg
-3.0%
31.7%
24.7%
Low
-12.1%
9.4%
15.9%

EPS Forecast

EPS 202420252026
High 0.70 2.10 2.24
Avg 0.54 1.12 1.10
Low 0.35 -0.05 0.11

EPS Growth

EPS Growth 202420252026
High
-73.5%
289.0%
99.3%
Avg
-79.7%
108.2%
-1.9%
Low
-86.7%
-
-90.4%
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.