nVent Electric plc (NVT)
NYSE: NVT · IEX Real-Time Price · USD
74.23
+0.06 (0.08%)
At close: Apr 15, 2024, 4:00 PM
73.05
-1.18 (-1.59%)
Pre-market: Apr 16, 2024, 6:21 AM EDT

nVent Electric Stock Forecast

Stock Price Forecast

The 5 analysts with 12-month price forecasts for nVent Electric stock have an average target of 81.6, with a low estimate of 72 and a high estimate of 91. The average target predicts an increase of 9.93% from the current stock price of 74.23.

Analyst Consensus: Strong Buy
Target Low Average Median High
Price $72 $81.6 $83 $91
Change -3.00% +9.93% +11.81% +22.59%

Analyst Ratings

The average analyst rating for nVent Electric stock from 6 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 Nov '23Dec '23Jan '24Feb '24Mar '24Apr '24
Strong Buy 222233
Buy 222222
Hold 221111
Sell 000000
Strong Sell 000000
Total 665566

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Citigroup
Citigroup
Strong Buy
Maintains
$71$91
Strong Buy Maintains $71$91 +22.59% Apr 8, 2024
Barclays
Barclays
Buy
Maintains
$74$85
Buy Maintains $74$85 +14.51% Apr 2, 2024
Goldman Sachs
Goldman Sachs
Strong Buy
Maintains
$69$77
Strong Buy Maintains $69$77 +3.73% Mar 15, 2024
Deutsche Bank
Deutsche Bank
Strong Buy
Initiates
$83
Strong Buy Initiates $83 +11.81% Mar 11, 2024
RBC Capital
RBC Capital
Buy
Maintains
$65$72
Buy Maintains $65$72 -3.00% Feb 7, 2024
More Analyst Ratings

Financial Forecast

Revenue This Year
3.60B
from 3.26B
Increased by 10.31%
Revenue Next Year
3.79B
from 3.60B
Increased by 5.14%
EPS This Year
3.28
from 3.37
Decreased by -2.55%
EPS Next Year
3.59
from 3.28
Increased by 9.31%
Year 20192020202120222023202420252026
Revenue
2.20B2.00B2.46B2.91B3.26B3.60B3.79B3.95B
Revenue Growth
-0.43%-9.32%23.19%18.16%12.19%10.31%5.14%4.33%
EPS
1.29-0.281.612.383.373.283.593.87
EPS Growth
0.78%--47.83%41.60%-2.55%9.31%7.76%
No. Analysts -----12115
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 202420252026
High 3.8B 4.0B 4.2B
Avg 3.6B 3.8B 3.9B
Low 3.5B 3.6B 3.8B

Revenue Growth

Revenue Growth 202420252026
High
15.5%
11.4%
10.0%
Avg
10.3%
5.1%
4.3%
Low
6.3%
0.9%
0.2%

EPS Forecast

EPS 202420252026
High 3.47 3.85 4.10
Avg 3.28 3.59 3.87
Low 3.15 3.42 3.71

EPS Growth

EPS Growth 202420252026
High
2.8%
17.3%
14.1%
Avg
-2.5%
9.3%
7.8%
Low
-6.7%
4.1%
3.5%
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.