New Fortress Energy Inc. (NFE)
NASDAQ: NFE · IEX Real-Time Price · USD
27.60
-0.47 (-1.67%)
Apr 24, 2024, 4:00 PM EDT - Market closed
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 39.29, with a low estimate of 31 and a high estimate of 45. The average target predicts an increase of 42.36% from the current stock price of 27.60.
Analyst Consensus: Buy
* Price targets were last updated on Mar 4, 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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 4 | 4 | 4 | 4 | 2 | 2 |
| Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Hold | 2 | 3 | 3 | 3 | 4 | 4 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 7 | 8 | 8 | 8 | 7 | 7 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Deutsche Bank | Deutsche Bank | Strong Buy → Hold Downgrades $40 → $35 | Strong Buy → Hold | Downgrades | $40 → $35 | +26.81% | Mar 4, 2024 |
| Stifel | Stifel | Strong Buy Maintains $49 → $45 | Strong Buy | Maintains | $49 → $45 | +63.04% | Mar 1, 2024 |
| Capital One | Capital One | Hold Initiates $45 | Hold | Initiates | $45 | +63.04% | Dec 19, 2023 |
| Stifel | Stifel | Strong Buy Maintains $40 → $46 | Strong Buy | Maintains | $40 → $46 | +66.67% | Nov 13, 2023 |
| Stifel | Stifel | Strong Buy Maintains $44 → $40 | Strong Buy | Maintains | $44 → $40 | +44.93% | Sep 29, 2023 |
Financial Forecast
Revenue This Year
3.60B
from 2.41B
Increased by 49.34%
Revenue Next Year
4.45B
from 3.60B
Increased by 23.53%
EPS This Year
3.87
from 2.65
Increased by 46.16%
EPS Next Year
3.83
from 3.87
Decreased by -1.23%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 4.0B | 5.3B | 5.9B | 5.3B | 5.4B |
| Avg | 3.6B | 4.5B | 5.6B | 5.1B | 5.2B |
| Low | 3.0B | 3.7B | 5.4B | 5.0B | 5.1B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 63.9% | 45.9% | 31.6% | -5.3% | 6.3% |
| Avg | 49.3% | 23.5% | 26.2% | -8.9% | 2.2% |
| Low | 25.4% | 3.4% | 22.0% | -11.6% | -0.8% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 4.94 | 7.35 | 7.42 | 5.32 | 5.75 |
| Avg | 3.87 | 3.83 | 5.03 | 5.12 | 5.53 |
| Low | 2.14 | -0.63 | 2.83 | 4.97 | 5.37 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 86.2% | 89.8% | 94.1% | 5.8% | 12.4% |
| Avg | 46.2% | -1.2% | 31.5% | 1.8% | 8.1% |
| Low | -19.4% | - | -26.0% | -1.2% | 4.9% |
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.