EMCORE (EMKR) Stock Forecast, Price Target & Predictions
EMKR Stock Forecast
EMCORE stock forecast is as follows: an average price target of $2.50 (represents a -15.54% downside from EMKR’s last price of $2.96) and a rating consensus of 'Buy', based on 8 wall street analysts offering a 1-year stock forecast.
EMKR Price Target
The average price target for EMCORE (EMKR) is $2.50 based on 1-year price targets from 8 Wall Street analysts in the past 3 months, with a price target range of $3.00 to $2.00. This represents a potential -15.54% downside from EMKR's last price of $2.96.
EMKR Analyst Ratings
According to 8 Wall Street analysts, EMCORE's rating consensus is 'Buy'. The analyst rating breakdown for EMKR stock is 0 'Strong Buy' (0.00%), 6 'Buy' (75.00%), 2 'Hold' (25.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
EMCORE Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Oct 02, 2024 | Richard Shannon | Craig-Hallum | - | - | 22.45% | 1.35% |
| Dec 21, 2022 | Northland Securities | - | - | 80.18% | -32.43% |
The latest EMCORE stock forecast, released on Oct 02, 2024 by Richard Shannon from Craig-Hallum, set a price target of $3.00, which represents a 22.45% increase from the stock price at the time of the forecast ($2.45), and a 1.35% increase from EMKR last price ($2.96).
EMCORE Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 1 | 1 |
| Avg Price Target | - | $3.00 | $3.00 |
| Last Closing Price | $2.96 | $2.96 | $2.96 |
| Upside/Downside | -100.00% | 1.35% | 1.35% |
In the current month, the average price target of EMCORE stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to EMCORE's last price of $2.96. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 02, 2024 | Craig-Hallum | Hold | Buy | Upgrade |
| May 09, 2024 | Craig-Hallum | Buy | Hold | Downgrade |
| Aug 21, 2023 | Craig-Hallum | Buy | Buy | Hold |
| Mar 28, 2023 | Canaccord Genuity | Underperform | Buy | Initialise |
| Mar 28, 2023 | Evercore ISI | Outperform | Initialise | |
| Mar 28, 2023 | Consumer Edge Research | Buy | Initialise | |
| Mar 28, 2023 | Barclays | Equal-Weight | Initialise | |
| Mar 28, 2023 | B. Riley Securities | Buy | Initialise | |
| Mar 28, 2023 | Oppenheimer | Perform | Initialise | |
| Feb 09, 2023 | Sidoti & Co. | Neutral | Downgrade |
EMCORE's last stock rating was published by Craig-Hallum on Oct 02, 2024. The company Upgrade its EMKR rating from "Hold" to "Buy".
EMCORE Financial Forecast
EMCORE Revenue Forecast
| Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Mar 18 | Mar 17 | Mar 16 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | $24.12M | $26.77M | $26.70M | $26.82M | $24.95M | $25.57M | $23.68M | $32.65M | $42.24M | $43.95M | $42.66M | $71.83M | $33.43M | $33.53M | $27.27M | $23.85M | $25.48M | $24.30M | $17.22M | $21.75M | $18.62M | $32.59M | $21.53M |
| Avg Forecast | $25.20M | $24.70M | $23.40M | $21.70M | $21.00M | $19.74M | $23.86M | $26.04M | $26.27M | $26.02M | $27.58M | $26.00M | $25.20M | $25.71M | $32.92M | $42.16M | $43.17M | $41.08M | $36.13M | $33.17M | $33.50M | $26.03M | $23.58M | $26.00M | $23.02M | $17.23M | $22.37M | $9.31M | $27.93M | $43.06M |
| High Forecast | $25.20M | $24.70M | $23.40M | $21.70M | $21.00M | $19.74M | $23.86M | $26.04M | $27.61M | $26.02M | $27.58M | $26.00M | $25.20M | $25.71M | $32.92M | $42.16M | $43.17M | $41.08M | $36.13M | $33.17M | $33.50M | $26.03M | $23.58M | $26.00M | $23.02M | $17.23M | $22.37M | $11.17M | $33.52M | $51.67M |
| Low Forecast | $25.20M | $24.70M | $23.40M | $21.70M | $21.00M | $19.74M | $23.86M | $26.04M | $25.50M | $26.02M | $27.58M | $26.00M | $25.20M | $25.71M | $32.92M | $42.16M | $43.17M | $41.08M | $36.13M | $33.17M | $33.50M | $26.03M | $23.58M | $26.00M | $23.02M | $17.23M | $22.37M | $7.45M | $22.35M | $34.45M |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 4 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 9 | 9 | 9 | 5 | 5 | 5 | 5 | 12 | 16 | 18 |
| Surprise % | - | - | - | - | - | - | - | 0.93% | 1.02% | 1.03% | 0.97% | 0.96% | 1.01% | 0.92% | 0.99% | 1.00% | 1.02% | 1.04% | 1.99% | 1.01% | 1.00% | 1.05% | 1.01% | 0.98% | 1.06% | 1.00% | 0.97% | 2.00% | 1.17% | 0.50% |
EMCORE's average Quarter revenue forecast for Mar 24 based on 1 analysts is $23.86M, with a low forecast of $23.86M, and a high forecast of $23.86M. EMKR's average Quarter revenue forecast represents a -1.10% decrease compared to the company's last Quarter revenue of $24.12M (Dec 23).
EMCORE EBITDA Forecast
| Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Mar 18 | Mar 17 | Mar 16 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 4 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 9 | 9 | 9 | 5 | 5 | 5 | 5 | 12 | 16 | 18 |
| EBITDA | - | - | - | - | - | - | - | $-2.69M | $16.40M | $-6.61M | $-11.99M | $-12.13M | $-14.49M | $-8.29M | $-2.05M | $1.01M | $6.44M | $14.69M | $7.73M | $3.75M | $1.92M | $-187.00K | $-3.80M | $660.00K | $-12.83M | $-8.68M | $-3.35M | $-1.84M | $2.77M | $4.40M |
| Avg Forecast | $-3.51M | $-3.44M | $-3.26M | $-3.02M | $-2.92M | $-2.75M | $-3.22M | $-3.62M | $-3.66M | $-3.62M | $-2.92M | $1.35M | $-3.42M | $-3.49M | $-3.13M | $-5.72M | $-5.86M | $-5.58M | $3.86M | $-4.50M | $-4.55M | $-3.53M | $-2.66M | $-3.53M | $-3.12M | $-2.34M | $-4.35M | $-2.02M | $2.31M | $5.94M |
| High Forecast | $-3.51M | $-3.44M | $-3.26M | $-3.02M | $-2.92M | $-2.75M | $-2.57M | $-3.62M | $-3.55M | $-3.62M | $-2.34M | $1.62M | $-3.42M | $-3.49M | $-2.50M | $-5.72M | $-5.86M | $-5.58M | $4.64M | $-4.50M | $-4.55M | $-3.53M | $-2.13M | $-3.53M | $-3.12M | $-2.34M | $-3.48M | $-1.62M | $2.77M | $7.13M |
| Low Forecast | $-3.51M | $-3.44M | $-3.26M | $-3.02M | $-2.92M | $-2.75M | $-3.86M | $-3.62M | $-3.84M | $-3.62M | $-3.51M | $1.08M | $-3.42M | $-3.49M | $-3.75M | $-5.72M | $-5.86M | $-5.58M | $3.09M | $-4.50M | $-4.55M | $-3.53M | $-3.20M | $-3.53M | $-3.12M | $-2.34M | $-5.22M | $-2.42M | $1.84M | $4.75M |
| Surprise % | - | - | - | - | - | - | - | 0.74% | -4.49% | 1.82% | 4.10% | -8.99% | 4.24% | 2.38% | 0.66% | -0.18% | -1.10% | -2.63% | 2.00% | -0.83% | -0.42% | 0.05% | 1.43% | -0.19% | 4.11% | 3.71% | 0.77% | 0.91% | 1.20% | 0.74% |
1 analysts predict EMKR's average Quarter EBITDA for Dec 23 to be $-3.62M, with a high of $-3.62M and a low of $-3.62M. This is -122.09% lower than EMCORE's previous annual EBITDA (Sep 23) of $16.40M.
EMCORE Net Income Forecast
| Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Mar 18 | Mar 17 | Mar 16 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 4 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 9 | 9 | 9 | 5 | 5 | 5 | 5 | 12 | 16 | 18 |
| Net Income | - | - | - | - | - | - | - | $-5.68M | $-42.63M | $-9.86M | $-12.23M | $-11.69M | $-16.87M | $-7.65M | $-2.23M | - | $5.08M | $13.62M | $6.95M | $2.57M | $703.00K | $-1.29M | $-5.08M | $-1.33M | $-14.97M | $-10.48M | $-4.99M | $-3.07M | $1.85M | $3.98M |
| Avg Forecast | $-361.76K | $-542.64K | $-994.84K | $-1.63M | $-1.99M | $-1.54M | $-5.49M | $-1.81M | $-6.93M | $-12.06M | $-4.99M | $-18.99M | $-15.83M | $-11.76M | $-5.34M | $15.15M | $17.64M | $15.60M | $3.48M | $7.54M | $3.32M | $-7.84M | $-3.56M | $-17.18M | $-13.57M | $-12.66M | $-6.49M | $-3.38M | $1.54M | $5.38M |
| High Forecast | $-361.76K | $-542.64K | $-994.84K | $-1.63M | $-1.99M | $-1.54M | $-4.39M | $-1.81M | $-3.47M | $-12.06M | $-3.99M | $-18.99M | $-15.83M | $-11.76M | $-4.27M | $15.15M | $17.64M | $15.60M | $4.17M | $7.54M | $3.32M | $-7.84M | $-2.85M | $-17.18M | $-13.57M | $-12.66M | $-5.19M | $-2.70M | $1.85M | $6.45M |
| Low Forecast | $-361.76K | $-542.64K | $-994.84K | $-1.63M | $-1.99M | $-1.54M | $-6.59M | $-1.81M | $-8.67M | $-12.06M | $-5.99M | $-18.99M | $-15.83M | $-11.76M | $-6.41M | $15.15M | $17.64M | $15.60M | $2.78M | $7.54M | $3.32M | $-7.84M | $-4.27M | $-17.18M | $-13.57M | $-12.66M | $-7.79M | $-4.05M | $1.23M | $4.30M |
| Surprise % | - | - | - | - | - | - | - | 3.14% | 6.15% | 0.82% | 2.45% | 0.62% | 1.07% | 0.65% | 0.42% | - | 0.29% | 0.87% | 2.00% | 0.34% | 0.21% | 0.16% | 1.43% | 0.08% | 1.10% | 0.83% | 0.77% | 0.91% | 1.20% | 0.74% |
EMCORE's average Quarter net income forecast for Dec 21 is $15.15M, with a range of $15.15M to $15.15M. EMKR's average Quarter net income forecast represents a 198.50% increase compared to the company's last Quarter net income of $5.08M (Sep 21).
EMCORE SG&A Forecast
| Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Mar 18 | Mar 17 | Mar 16 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 4 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 9 | 9 | 9 | 5 | 5 | 5 | 5 | 12 | 16 | 18 |
| SG&A | - | - | - | - | - | - | - | $6.61M | $8.64M | $6.45M | $9.95M | $9.94M | $11.16M | $7.80M | $7.56M | $7.19M | $6.60M | $6.08M | $6.06M | $5.80M | $5.67M | $5.94M | $7.14M | $5.89M | $8.22M | $9.29M | $7.00M | $5.64M | $5.67M | $4.83M |
| Avg Forecast | $6.82M | $6.68M | $6.33M | $5.87M | $5.68M | $5.34M | $18.67M | $7.05M | $7.11M | $7.04M | $16.97M | $9.60M | $6.82M | $6.96M | $18.15M | $11.41M | $11.68M | $11.11M | $3.03M | $8.97M | $9.06M | $7.04M | $5.00M | $7.04M | $6.23M | $4.66M | $9.09M | $6.21M | $4.73M | $6.51M |
| High Forecast | $6.82M | $6.68M | $6.33M | $5.87M | $5.68M | $5.34M | $22.40M | $7.05M | $7.47M | $7.04M | $20.37M | $11.52M | $6.82M | $6.96M | $21.78M | $11.41M | $11.68M | $11.11M | $3.64M | $8.97M | $9.06M | $7.04M | $6.00M | $7.04M | $6.23M | $4.66M | $10.91M | $7.45M | $5.67M | $7.82M |
| Low Forecast | $6.82M | $6.68M | $6.33M | $5.87M | $5.68M | $5.34M | $14.93M | $7.05M | $6.90M | $7.04M | $13.58M | $7.68M | $6.82M | $6.96M | $14.52M | $11.41M | $11.68M | $11.11M | $2.42M | $8.97M | $9.06M | $7.04M | $4.00M | $7.04M | $6.23M | $4.66M | $7.28M | $4.97M | $3.78M | $5.21M |
| Surprise % | - | - | - | - | - | - | - | 0.94% | 1.22% | 0.92% | 0.59% | 1.04% | 1.64% | 1.12% | 0.42% | 0.63% | 0.57% | 0.55% | 2.00% | 0.65% | 0.63% | 0.84% | 1.43% | 0.84% | 1.32% | 1.99% | 0.77% | 0.91% | 1.20% | 0.74% |
EMCORE's average Quarter SG&A projection for Mar 24 is $18.67M, based on 1 Wall Street analysts, with a range of $14.93M to $22.40M. The forecast indicates a 182.47% rise compared to EMKR last annual SG&A of $6.61M (Dec 23).
EMCORE EPS Forecast
| Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Mar 18 | Mar 17 | Mar 16 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 4 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 9 | 9 | 9 | 5 | 5 | 5 | 5 | 12 | 16 | 18 |
| EPS | - | - | - | - | - | - | - | $-0.06 | $-0.62 | $-0.18 | $-0.27 | $-0.31 | $-0.45 | $-0.20 | $-0.06 | - | $0.14 | $0.37 | $0.13 | $0.09 | $0.02 | $-0.04 | $-0.18 | $-0.05 | $-0.52 | $-0.37 | $-0.18 | $-0.11 | $0.07 | $0.15 |
| Avg Forecast | $-0.04 | $-0.06 | $-0.11 | $-0.18 | $-0.22 | $-0.17 | $-0.30 | $-0.20 | $-0.77 | $-1.33 | $-1.60 | $-2.10 | $-1.75 | $-1.30 | $0.33 | $1.68 | $1.95 | $1.73 | $1.10 | $0.83 | $0.37 | $-0.87 | $-1.00 | $-1.90 | $-1.50 | $-1.40 | $-0.97 | $-0.04 | $0.10 | $0.05 |
| High Forecast | $-0.04 | $-0.06 | $-0.11 | $-0.18 | $-0.22 | $-0.17 | $-0.30 | $-0.20 | $-0.38 | $-1.33 | $-1.60 | $-2.10 | $-1.75 | $-1.30 | $0.33 | $1.68 | $1.95 | $1.73 | $1.10 | $0.83 | $0.37 | $-0.87 | $-1.00 | $-1.90 | $-1.50 | $-1.40 | $-0.97 | $-0.04 | $0.12 | $0.06 |
| Low Forecast | $-0.04 | $-0.06 | $-0.11 | $-0.18 | $-0.22 | $-0.17 | $-0.30 | $-0.20 | $-0.96 | $-1.33 | $-1.60 | $-2.10 | $-1.75 | $-1.30 | $0.33 | $1.68 | $1.95 | $1.73 | $1.10 | $0.83 | $0.37 | $-0.87 | $-1.00 | $-1.90 | $-1.50 | $-1.40 | $-0.97 | $-0.05 | $0.08 | $0.04 |
| Surprise % | - | - | - | - | - | - | - | 0.32% | 0.81% | 0.14% | 0.17% | 0.15% | 0.26% | 0.15% | -0.18% | - | 0.07% | 0.21% | 0.12% | 0.11% | 0.05% | 0.05% | 0.18% | 0.03% | 0.35% | 0.26% | 0.19% | 2.75% | 0.70% | 3.00% |
According to 2 Wall Street analysts, EMCORE's projected average Quarter EPS for Dec 21 is $1.68, with a low estimate of $1.68 and a high estimate of $1.68. This represents a 1096.43% increase compared to EMKR previous annual EPS of $0.14 (Sep 21).
EMCORE Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| PXLW | Pixelworks | - | - | 224.68% | Buy |
| NVTS | Navitas Semiconductor | - | - | 218.18% | Buy |
| MXL | MaxLinear | - | - | 118.02% | Hold |
| MX | Magnachip Semiconductor | - | - | 107.25% | Buy |
| QUIK | QuickLogic | - | - | 72.64% | Buy |
| SLAB | Silicon Laboratories | - | - | 42.09% | Buy |
| SGH | Penguin Solutions | - | - | 40.91% | Buy |
| POWI | Power Integrations | - | - | 24.06% | Buy |
| DIOD | Diodes | - | - | 20.70% | Buy |
| LSCC | Lattice Semiconductor | - | - | 5.64% | Buy |
| EMKR | EMCORE | - | - | -15.54% | Buy |
| AOSL | Alpha and Omega Semiconductor | - | - | -18.46% | Buy |
| MTSI | MACOM Technology Solutions | - | - | -22.77% | Buy |
| SITM | SiTime | - | - | -26.57% | Buy |