Enovix (ENVX) Stock Forecast, Price Target & Predictions

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ENVX Stock Forecast

Enovix stock forecast is as follows: an average price target of $12.00 (represents a 23.33% upside from ENVX’s last price of $9.73) and a rating consensus of 'Buy', based on 9 wall street analysts offering a 1-year stock forecast.

ENVX Price Target

The average price target for Enovix (ENVX) is $12.00 based on 1-year price targets from 9 Wall Street analysts in the past 3 months, with a price target range of $19.00 to $5.00. This represents a potential 23.33% upside from ENVX's last price of $9.73.

ENVX Analyst Ratings

Buy

According to 9 Wall Street analysts, Enovix's rating consensus is 'Buy'. The analyst rating breakdown for ENVX stock is 0 'Strong Buy' (0.00%), 8 'Buy' (88.89%), 1 'Hold' (11.11%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Enovix Price Target by Analyst

Date	Analyst	Company	Price Target	Price when Published	Price Target/Price when Published	Price Target/Last Closing Price
Aug 06, 2024	Derek Soderberg	Cantor Fitzgerald	$5.00	$10.63	-52.96%	-48.61%
Aug 05, 2024	Alexander Potter	Piper Sandler	$19.00	$11.56	64.36%	95.27%
Jun 12, 2024	George Gianarikas	Canaccord Genuity	$17.00	$12.36	37.54%	74.72%
Jan 11, 2023		Canaccord Genuity	$20.00	$8.98	122.68%	105.55%
Aug 24, 2022		Cowen & Co.	$36.00	$24.70	45.75%	269.99%
Aug 11, 2022		Northland Securities	$25.00	$21.58	15.84%	156.94%
Aug 11, 2022		Craig-Hallum	$25.00	$20.26	23.40%	156.94%
Jun 24, 2022		Cowen & Co.	$20.00	$10.50	90.48%	105.55%

The latest Enovix stock forecast, released on Aug 06, 2024 by Derek Soderberg from Cantor Fitzgerald, set a price target of $5.00, which represents a -52.96% decrease from the stock price at the time of the forecast ($10.63), and a -48.61% decrease from ENVX last price ($9.73).

Enovix Price Target by Period

	1M	3M	12M
# Anlaysts	-	-	3
Avg Price Target	-	-	$13.67
Last Closing Price	$9.73	$9.73	$9.73
Upside/Downside	-100.00%	-100.00%	40.49%

In the current month, the average price target of Enovix stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Enovix's last price of $9.73. This month's average price target is down NaN% 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 22, 2024	Oppenheimer	Underperform	Underperform	Hold
Oct 22, 2024	Piper Sandler	Buy	Buy	Hold
Sep 13, 2024	William Blair	Outperform	Outperform	Hold
Aug 26, 2024	Piper Sandler	Buy	Buy	Hold
Aug 05, 2024	Piper Sandler	Buy	Buy	Hold
Aug 05, 2024	Piper Sandler	Overweight	Overweight	Hold
Aug 01, 2024	Craig-Hallum	Buy	Buy	Hold
Aug 01, 2024	Cowen & Co.	Hold	Hold	Hold
Jul 22, 2024	Benchmark		Buy	Initialise
Jun 26, 2024	Cantor Fitzgerald	Overweight	Overweight	Hold
Jun 26, 2024	Cowen & Co.	Hold	Hold	Hold
Jun 25, 2024	Oppenheimer	Outperform	Outperform	Hold
Jun 12, 2024	Canaccord Genuity	Buy	Buy	Hold
Jan 11, 2023	Canaccord Genuity		Buy	Initialise
Dec 02, 2022	B. Riley Securities		Buy	Initialise
Sep 19, 2022	Piper Sandler		Overweight	Initialise
Aug 24, 2022	Cowen & Co.	Outperform	Outperform	Hold
Aug 22, 2022	Loop Capital Markets	Buy	Buy	Hold
Aug 11, 2022	Craig-Hallum	Buy	Buy	Hold
Jun 24, 2022	Cowen & Co.	Outperform	Outperform	Hold

Enovix's last stock rating was published by Oppenheimer on Oct 22, 2024. The company gave ENVX a "Underperform" rating, the same as its previous rate.

Enovix Financial Forecast

Enovix Revenue Forecast

	Dec 28	Sep 28	Jun 28	Mar 28	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	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	Dec 21	Sep 21
Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$1.09M	$200.00K	$42.00K	$21.00K	-	$8.00K	$5.10M	-	-
Avg Forecast	$271.40M	$245.34M	$222.43M	$218.50M	$209.21M	$154.83M	$115.91M	$90.22M	$60.63M	$35.99M	$26.34M	$20.83M	$18.73M	$7.48M	$5.90M	$6.17M	$8.77M	$4.11M	$3.61M	$3.77M	$3.10M	$160.79K	$48.40K	$40.17K	$906.55K	$403.89K	$276.67K	$1.00M	$500.00K
High Forecast	$332.50M	$300.57M	$272.50M	$267.69M	$256.31M	$189.68M	$142.00M	$110.53M	$74.27M	$44.09M	$32.27M	$25.52M	$22.95M	$9.17M	$7.23M	$7.77M	$9.18M	$4.15M	$3.61M	$3.77M	$3.22M	$196.98K	$59.29K	$49.21K	$1.11M	$403.89K	$276.67K	$1.00M	$500.00K
Low Forecast	$238.07M	$215.20M	$195.11M	$191.66M	$183.52M	$135.81M	$101.67M	$79.14M	$53.18M	$31.57M	$23.10M	$18.27M	$16.43M	$6.56M	$5.18M	$5.44M	$8.28M	$4.07M	$3.61M	$3.77M	$2.94M	$141.04K	$42.45K	$35.23K	$795.20K	$403.89K	$276.67K	$1.00M	$500.00K
# Analysts	2	3	4	5	6	3	3	3	3	3	4	5	4	5	2	7	9	4	3	4	7	12	9	9	5	5	5	6	6
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.35%	1.24%	0.87%	0.52%	-	0.02%	18.44%	-	-

Enovix's average Quarter revenue forecast for Mar 24 based on 4 analysts is $3.77M, with a low forecast of $3.77M, and a high forecast of $3.77M. ENVX's average Quarter revenue forecast represents a 245.15% increase compared to the company's last Quarter revenue of $1.09M (Dec 23).

Enovix EBITDA Forecast

	Dec 28	Sep 28	Jun 28	Mar 28	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	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	Dec 21	Sep 21
# Analysts	2	3	4	5	6	3	3	3	3	3	4	5	4	5	2	7	9	4	3	4	7	12	9	9	5	5	5	6	6
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$-63.27M	$-50.38M	$-40.62M	$-46.81M	$-24.30M	$-28.86M	$-26.18M	-	$-18.56M
Avg Forecast	$54.28M	$49.07M	$44.49M	$43.70M	$41.84M	$30.97M	$23.18M	$18.04M	$12.13M	$7.20M	$5.27M	$4.17M	$3.75M	$1.50M	$1.18M	$1.23M	$1.75M	$822.00K	$721.55K	$754.49K	$620.65K	$32.16K	$9.68K	$8.03K	$181.31K	$80.78K	$55.33K	$200.00K	$-21.38M
High Forecast	$66.50M	$60.11M	$54.50M	$53.54M	$51.26M	$37.94M	$28.40M	$22.11M	$14.85M	$8.82M	$6.45M	$5.10M	$4.59M	$1.83M	$1.45M	$1.55M	$1.84M	$829.20K	$721.57K	$754.54K	$644.59K	$39.40K	$11.86K	$9.84K	$222.13K	$80.78K	$55.33K	$200.00K	$-17.11M
Low Forecast	$47.61M	$43.04M	$39.02M	$38.33M	$36.70M	$27.16M	$20.33M	$15.83M	$10.64M	$6.31M	$4.62M	$3.65M	$3.29M	$1.31M	$1.04M	$1.09M	$1.66M	$814.80K	$721.52K	$754.45K	$587.50K	$28.21K	$8.49K	$7.05K	$159.04K	$80.78K	$55.33K	$200.00K	$-25.66M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-101.95%	-1566.78%	-4196.73%	-5827.46%	-134.00%	-357.26%	-473.19%	-	0.87%

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Enovix Net Income Forecast

	Dec 28	Sep 28	Jun 28	Mar 28	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	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	Dec 21	Sep 21
# Analysts	2	3	4	5	6	3	3	3	3	3	4	5	4	5	2	7	9	4	3	4	7	12	9	9	5	5	5	6	6
Net Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$46.92M	$-16.18M	$-64.31M	$-96.80M	$-144.39M	$-132.17M	$25.27M	-	$-10.84M
Avg Forecast	$71.62M	$65.08M	$59.77M	$54.20M	$24.27M	$22.49M	$21.38M	$20.75M	$-36.20M	$-36.65M	$-36.86M	$-37.24M	$-30.74M	$-29.02M	$-28.73M	$-28.45M	$-32.37M	$-36.55M	$-40.16M	$-53.96M	$-47.88M	$-43.70M	$-38.34M	$-38.40M	$-28.19M	$-27.15M	$-29.02M	$-22.07M	$-12.04M
High Forecast	$92.59M	$84.12M	$77.27M	$70.07M	$31.37M	$29.07M	$27.63M	$26.82M	$-30.42M	$-30.80M	$-30.97M	$-31.29M	$-25.83M	$-24.39M	$-24.15M	$-25.10M	$-26.98M	$-30.71M	$-33.75M	$-45.34M	$-40.51M	$-39.90M	$-32.22M	$-32.27M	$-23.69M	$-27.15M	$-29.02M	$-22.07M	$-9.63M
Low Forecast	$60.19M	$54.69M	$50.23M	$45.55M	$20.39M	$18.90M	$17.96M	$17.43M	$-46.80M	$-47.38M	$-47.65M	$-48.14M	$-39.74M	$-37.51M	$-37.14M	$-31.79M	$-41.37M	$-47.24M	$-51.91M	$-69.75M	$-53.41M	$-51.30M	$-49.56M	$-49.64M	$-36.44M	$-27.15M	$-29.02M	$-22.07M	$-14.45M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.98%	0.37%	1.68%	2.52%	5.12%	4.87%	-0.87%	-	0.90%

Enovix's average Quarter net income forecast for Mar 24 is $-53.96M, with a range of $-69.75M to $-45.34M. ENVX's average Quarter net income forecast represents a -215.00% decrease compared to the company's last Quarter net income of $46.92M (Dec 23).

Enovix SG&A Forecast

	Dec 28	Sep 28	Jun 28	Mar 28	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	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	Dec 21	Sep 21
# Analysts	2	3	4	5	6	3	3	3	3	3	4	5	4	5	2	7	9	4	3	4	7	12	9	9	5	5	5	6	6
SG&A	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$15.43M	$17.25M	$16.69M	$27.27M	$12.21M	$13.11M	$11.57M	-	$8.79M
Avg Forecast	$13.25B	$11.98B	$10.86B	$10.67B	$10.21B	$7.56B	$5.66B	$4.40B	$2.96B	$1.76B	$1.29B	$1.02B	$914.55M	$365.31M	$288.28M	$301.30M	$428.20M	$200.65M	$176.13M	$184.18M	$151.50M	$7.85M	$2.36M	$1.96M	$44.26M	$19.72M	$13.51M	$48.82M	$24.41M
High Forecast	$16.23B	$14.67B	$13.30B	$13.07B	$12.51B	$9.26B	$6.93B	$5.40B	$3.63B	$2.15B	$1.58B	$1.25B	$1.12B	$447.55M	$353.18M	$379.41M	$448.30M	$202.41M	$176.14M	$184.19M	$157.35M	$9.62M	$2.89M	$2.40M	$54.22M	$19.72M	$13.51M	$48.82M	$24.41M
Low Forecast	$11.62B	$10.51B	$9.53B	$9.36B	$8.96B	$6.63B	$4.96B	$3.86B	$2.60B	$1.54B	$1.13B	$891.89M	$802.22M	$320.44M	$252.87M	$265.70M	$404.28M	$198.90M	$176.13M	$184.16M	$143.41M	$6.89M	$2.07M	$1.72M	$38.82M	$19.72M	$13.51M	$48.82M	$24.41M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.10%	2.20%	7.06%	13.91%	0.28%	0.66%	0.86%	-	0.36%

Enovix's average Quarter SG&A projection for Mar 24 is $184.18M, based on 4 Wall Street analysts, with a range of $184.16M to $184.19M. The forecast indicates a 1094.01% rise compared to ENVX last annual SG&A of $15.43M (Dec 23).

Enovix EPS Forecast

	Dec 28	Sep 28	Jun 28	Mar 28	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	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	Dec 21	Sep 21
# Analysts	2	3	4	5	6	3	3	3	3	3	4	5	4	5	2	7	9	4	3	4	7	12	9	9	5	5	5	6	6
EPS	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$0.30	$-0.10	$-0.41	$-0.62	$-1.02	$-0.86	$0.17	-	$-0.08
Avg Forecast	$0.42	$0.38	$0.35	$0.31	$0.14	$0.13	$0.12	$0.12	$-0.21	$-0.21	$-0.21	$-0.22	$-0.18	$-0.17	$-0.17	$-0.17	$-0.19	$-0.21	$-0.23	$-0.31	$-0.28	$-0.25	$-0.22	$-0.22	$-0.16	$-0.16	$-0.17	$-0.13	$-0.09
High Forecast	$0.54	$0.49	$0.45	$0.41	$0.18	$0.17	$0.16	$0.16	$-0.18	$-0.18	$-0.18	$-0.18	$-0.15	$-0.14	$-0.14	$-0.15	$-0.16	$-0.18	$-0.20	$-0.26	$-0.23	$-0.23	$-0.19	$-0.19	$-0.14	$-0.16	$-0.17	$-0.13	$-0.09
Low Forecast	$0.35	$0.32	$0.29	$0.26	$0.12	$0.11	$0.10	$0.10	$-0.27	$-0.27	$-0.28	$-0.28	$-0.23	$-0.22	$-0.22	$-0.18	$-0.24	$-0.27	$-0.30	$-0.40	$-0.31	$-0.30	$-0.29	$-0.29	$-0.21	$-0.16	$-0.17	$-0.13	$-0.09
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1.08%	0.39%	1.84%	2.78%	6.24%	5.46%	-1.01%	-	0.89%

According to 4 Wall Street analysts, Enovix's projected average Quarter EPS for Mar 24 is $-0.31, with a low estimate of $-0.40 and a high estimate of $-0.26. This represents a -204.33% decrease compared to ENVX previous annual EPS of $0.30 (Dec 23).

Enovix Peer Comparison by Price Target

Ticker	Company	Last Closing Price	Avg Price Target	Upside/Downside	Avg Rating
FREY	FREYR Battery	$1.76	$19.00	979.55%	Buy
MVST	Microvast	$1.16	$8.00	589.66%	Buy
FCEL	FuelCell Energy	$10.54	$37.20	252.94%	Hold
GWH	ESS Tech	$5.03	$9.00	78.93%	Buy
EOSE	Eos Energy Enterprises	$3.91	$6.00	53.45%	Buy
ENVX	Enovix	$8.65	$12.00	38.73%	Buy
PLUG	Plug Power	$2.46	$2.14	-13.01%	Buy
BE	Bloom Energy	$24.77	$16.50	-33.39%	Buy

ENVX Forecast FAQ

Is Enovix a good buy?

Yes, according to 9 Wall Street analysts, Enovix (ENVX) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 8 'Buy' recommendations, accounting for 88.89% of ENVX's total ratings.

What is ENVX's price target?

Enovix (ENVX) average price target is $12 with a range of $5 to $19, implying a 23.33% from its last price of $9.73. The data is based on 9 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Enovix stock go up soon?

According to Wall Street analysts' prediction for ENVX stock, the company can go up by 23.33% (from the last price of $9.73 to the average price target of $12), up by 95.27% based on the highest stock price target, and down by -48.61% based on the lowest stock price target.

Can Enovix stock reach $15?

ENVX's highest twelve months analyst stock price target of $19 supports the claim that Enovix can reach $15 in the near future.

What are Enovix's analysts' financial forecasts?

Enovix's analysts financial forecasts for the fiscal year (Sep 2027) are as follows: average revenue is $421.58M (high $516.48M, low $369.8M), average EBITDA is $84.32M (high $103.3M, low $73.96M), average net income is $28.41M (high $53.1M, low $7.49M), average SG&A $20.58B (high $25.22B, low $18.05B), and average EPS is $0.165 (high $0.308, low $0.0435). ENVX's analysts financial forecasts for the fiscal year (Sep 2028) are as follows: average revenue is $895.48M (high $1.1B, low $785.49M), average EBITDA is $179.1M (high $219.41M, low $157.1M), average net income is $203.32M (high $262.83M, low $170.86M), average SG&A $43.72B (high $53.56B, low $38.35B), and average EPS is $1.18 (high $1.52, low $0.991).

Did the ENVX's actual financial results beat the analysts' financial forecasts?

Based on Enovix's last annual report (Sep 2023), the company's revenue was $263K, which missed the average analysts forecast of $1.16M by -77.25%. Apple's EBITDA was $-165M, missing the average prediction of $231.18K by -71680.34%. The company's net income was $-154M, beating the average estimation of $-149M by 3.68%. Apple's SG&A was $61.21M, beating the average forecast of $56.43M by 8.46%. Lastly, the company's EPS was $-0.98, beating the average prediction of $-0.862 by 13.67%. In terms of the last quarterly report (Dec 2023), Enovix's revenue was $1.09M, missing the average analysts' forecast of $3.1M by -64.78%. The company's EBITDA was $-63.275M, missing the average prediction of $620.65K by -10294.97%. Enovix's net income was $46.92M, missing the average estimation of $-47.88M by -198.00%. The company's SG&A was $15.42M, missing the average forecast of $151.5M by -89.82%. Lastly, the company's EPS was $0.3, missing the average prediction of $-0.278 by -208.02%