EMCORE (EMKR) Stock Forecast, Price Target & Predictions


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EMKR Stock Forecast


EMCORE stock forecast is as follows: an average price target of $2.00 (represents a 86.92% upside from EMKR’s last price of $1.07) 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 $2.00 based on 1-year price targets from 8 Wall Street analysts in the past 3 months, with a price target range of $2.00 to $2.00. This represents a potential 86.92% upside from EMKR's last price of $1.07.

EMKR Analyst Ratings


Buy

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%), 5 'Buy' (62.50%), 3 'Hold' (37.50%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

EMCORE Price Target by Analyst


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Dec 21, 2022-Northland Securities$2.00$1.1180.18%86.92%
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The latest EMCORE stock forecast, released on Dec 21, 2022 by Northland Securities company, set a price target of $2.00, which represents a 80.18% increase from the stock price at the time of the forecast ($1.11), and a 86.92% increase from EMKR last price ($1.07).

EMCORE Price Target by Period


1M3M12M
# Anlaysts---
Avg Price Target---
Last Closing Price$1.07$1.07$1.07
Upside/Downside-100.00%-100.00%-100.00%

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 $1.07. This month's average price target is down NaN% compared to last quarter, and down NaN% compared to last year.

Analyst Ratings Upgrades/Downgrades


DateCompanyPrevious RatingNew RatingRating Change
May 09, 2024Craig-HallumBuyHoldDowngrade
Aug 21, 2023Craig-HallumBuyBuyHold
Mar 28, 2023Canaccord GenuityUnderperformBuyInitialise
Mar 28, 2023Consumer Edge Research-BuyInitialise
Mar 28, 2023Barclays-Equal-WeightInitialise
Mar 28, 2023B. Riley Securities-BuyInitialise
Mar 28, 2023Oppenheimer-PerformInitialise
Mar 28, 2023Evercore ISI-OutperformInitialise
Feb 09, 2023UBS-UnderperformDowngrade
Feb 09, 2023Sidoti & Co.-NeutralDowngrade
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EMCORE's last stock rating was published by Craig-Hallum on May 09, 2024. The company Downgrade its EMKR rating from "Buy" to "Hold".

EMCORE Financial Forecast


EMCORE Revenue Forecast

Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Mar 18Mar 17Mar 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$26.16M$25.64M$24.29M$22.52M$21.80M$20.49M$24.76M$27.03M$27.61M$27.01M$28.62M$26.99M$26.16M$26.19M$33.54M$42.94M$43.98M$41.84M$36.81M$33.79M$34.12M$26.52M$24.02M$26.49M$23.45M$17.55M$22.78M$11.17M$33.52M$51.67M
Low Forecast$23.66M$23.20M$21.97M$20.38M$19.72M$18.54M$22.40M$24.45M$25.50M$24.44M$25.90M$24.42M$23.66M$24.94M$31.94M$40.90M$41.88M$39.85M$35.05M$32.18M$32.50M$25.26M$22.88M$25.22M$22.33M$16.72M$21.70M$7.45M$22.35M$34.45M
# Analysts---121-14221111222229995555121618
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 0 analysts is $23.86M, with a low forecast of $22.40M, and a high forecast of $24.76M. 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 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Mar 18Mar 17Mar 16
# Analysts---121-14221111222229995555121618
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$4.40M
Avg Forecast$-3.42M$-3.35M$-3.18M$-2.95M$-2.85M$-2.68M$-3.22M$-3.53M$-3.57M$-3.53M$-2.92M$-3.53M$7.83M$-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$5.94M
High Forecast$-3.21M$-3.15M$-2.98M$-2.77M$-2.68M$-2.52M$-2.57M$-3.32M$-3.46M$-3.32M$-2.34M$-3.31M$9.40M$-3.39M$-2.50M$-5.55M$-5.69M$-5.41M$4.64M$-4.37M$-4.41M$-3.43M$-2.13M$-3.42M$-3.03M$-2.27M$-3.48M$-1.62M$2.77M$7.13M
Low Forecast$-3.55M$-3.48M$-3.30M$-3.06M$-2.96M$-2.78M$-3.86M$-3.67M$-3.75M$-3.67M$-3.51M$-3.66M$6.26M$-3.56M$-3.75M$-5.83M$-5.97M$-5.68M$3.09M$-4.59M$-4.63M$-3.60M$-3.20M$-3.59M$-3.18M$-2.38M$-5.22M$-2.42M$1.84M$4.75M
Surprise %-------0.76%-4.60%1.87%4.10%3.44%-1.85%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 $-3.53M, with a high of $-3.32M and a low of $-3.67M. This is -121.55% lower than EMCORE's previous annual EBITDA (Sep 23) of $16.40M.

EMCORE Net Income Forecast

Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Mar 18Mar 17Mar 16
# Analysts---121-14221111222229995555121618
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$6.17M$-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$5.38M
High Forecast$-333.11K$-499.67K$-916.07K$-1.50M$-1.83M$-1.42M$-4.39M$-1.67M$-3.47M$-11.10M$-3.99M$-17.49M$7.40M$-11.30M$-4.27M$15.52M$18.06M$15.98M$4.17M$7.72M$3.40M$-7.53M$-2.85M$-16.52M$-13.04M$-12.17M$-5.19M$-2.70M$1.85M$6.45M
Low Forecast$-379.64K$-569.45K$-1.04M$-1.71M$-2.09M$-1.61M$-6.59M$-1.90M$-8.67M$-12.65M$-5.99M$-19.93M$4.94M$-12.04M$-6.41M$14.56M$16.95M$14.99M$2.78M$7.24M$3.19M$-8.03M$-4.27M$-17.60M$-13.89M$-12.97M$-7.79M$-4.05M$1.23M$4.30M
Surprise %-------3.14%6.15%0.82%2.45%0.62%-2.73%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 $14.56M to $15.52M. 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 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Mar 18Mar 17Mar 16
# Analysts---121-14221111222229995555121618
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$7.03M$8.03M$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$7.08M$6.94M$6.57M$6.09M$5.90M$5.54M$22.40M$7.31M$7.47M$7.31M$20.37M$7.30M$9.63M$7.09M$21.78M$11.62M$11.90M$11.32M$3.64M$9.14M$9.23M$7.18M$6.00M$7.17M$6.35M$4.75M$10.91M$7.45M$5.67M$7.82M
Low Forecast$6.40M$6.28M$5.95M$5.51M$5.34M$5.02M$14.93M$6.62M$6.90M$6.61M$13.58M$6.61M$6.42M$6.75M$14.52M$11.07M$11.33M$10.78M$2.42M$8.71M$8.79M$6.83M$4.00M$6.82M$6.04M$4.52M$7.28M$4.97M$3.78M$5.21M
Surprise %-------0.94%1.22%0.92%0.59%1.41%1.39%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 0 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 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Mar 18Mar 17Mar 16
# Analysts---121-14221111222229995555121618
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$-0.97$-0.05$0.10$0.05
High Forecast$-0.04$-0.06$-0.10$-0.17$-0.20$-0.16$-0.28$-0.18$-0.38$-1.23$-1.47$-1.93$-1.61$-1.25$0.33$1.72$2.00$1.77$1.13$0.85$0.38$-0.83$-0.96$-1.83$-1.44$-1.35$-0.93$-0.04$0.12$0.06
Low Forecast$-0.04$-0.06$-0.12$-0.19$-0.23$-0.18$-0.31$-0.21$-0.96$-1.40$-1.68$-2.20$-1.84$-1.33$0.31$1.61$1.87$1.66$1.06$0.80$0.35$-0.89$-1.02$-1.95$-1.54$-1.43$-0.99$-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%2.42%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 $1.61 and a high estimate of $1.72. This represents a 1096.43% increase compared to EMKR previous annual EPS of $0.14 (Sep 21).

EMCORE Peer Comparison by Price Target


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
NVTSNavitas Semiconductor$2.29$11.30393.45%Buy
PXLWPixelworks$0.76$2.50228.95%Buy
MXLMaxLinear$14.09$38.38172.39%Hold
EMKREMCORE$1.07$2.0086.92%Buy
QUIKQuickLogic$7.22$13.0080.06%Buy
MXMagnachip Semiconductor$4.61$8.0073.54%Buy
SGHSMART Global$19.10$29.3853.82%Buy
SLABSilicon Laboratories$110.79$162.0046.22%Hold
POWIPower Integrations$59.50$79.0032.77%Buy
DIODDiodes$59.07$74.0025.28%Buy
LSCCLattice Semiconductor$52.07$62.1119.28%Buy
MTSIMACOM Technology Solutions$100.01$103.883.87%Buy
AOSLAlpha and Omega Semiconductor$34.26$31.50-8.06%Buy
SITMSiTime$156.87$127.00-19.04%Buy

EMKR Forecast FAQ


Yes, according to 8 Wall Street analysts, EMCORE (EMKR) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 5 'Buy' recommendations, accounting for 62.50% of EMKR's total ratings.

EMCORE (EMKR) average price target is $2 with a range of $2 to $2, implying a 86.92% from its last price of $1.07. The data is based on 8 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

According to Wall Street analysts' prediction for EMKR stock, the company can go up by 86.92% (from the last price of $1.07 to the average price target of $2), up by 86.92% based on the highest stock price target, and up by 86.92% based on the lowest stock price target.

EMKR's average twelve months analyst stock price target of $2 does not support the claim that EMCORE can reach $2 in the near future.

EMCORE's analysts financial forecasts for the fiscal year (Sep 2024) are as follows: average revenue is $90.64M (high $94.08M, low $85.12M), average EBITDA is $-12.281M (high $-11.085M, low $-13.269M), average net income is $-10.828M (high $-9.307M, low $-12.19M), average SG&A $36.74M (high $41.16M, low $31.9M), and average EPS is $-0.89 (high $-0.82, low $-0.934). EMKR's analysts financial forecasts for the fiscal year (Sep 2025) are as follows: average revenue is $95M (high $98.61M, low $89.21M), average EBITDA is $-12.894M (high $-12.109M, low $-13.385M), average net income is $-3.527M (high $-3.248M, low $-3.701M), average SG&A $25.7M (high $26.68M, low $24.14M), and average EPS is $-0.39 (high $-0.359, low $-0.409).

Based on EMCORE's last annual report (Sep 2023), the company's revenue was $97.72M, which missed the average analysts forecast of $105.88M by -7.71%. Apple's EBITDA was $-5.755M, missing the average prediction of $-13.552M by -57.53%. The company's net income was $-76.413M, beating the average estimation of $-42.978M by 77.80%. Apple's SG&A was $32.73M, missing the average forecast of $38.16M by -14.22%. Lastly, the company's EPS was $-1.48, missing the average prediction of $-5.8 by -74.48%. In terms of the last quarterly report (Dec 2023), EMCORE's revenue was $24.12M, missing the average analysts' forecast of $26.04M by -7.37%. The company's EBITDA was $-2.689M, missing the average prediction of $-3.535M by -23.92%. EMCORE's net income was $-5.679M, beating the average estimation of $-1.809M by 213.97%. The company's SG&A was $6.61M, missing the average forecast of $7.05M by -6.20%. Lastly, the company's EPS was $-0.0638, missing the average prediction of $-0.2 by -68.10%