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Enovix (ENVX) Stock Forecast, Price Target & Predictions

OverviewRevenueOwnershipFinancialsChartTranscripts

ENVX Stock Forecast

Enovix (ENVX) stock forecast, based on 15 Wall Street analysts, predicts a 12-month average price target of $21.17, with a high of $36.00 and a low of $5.00. This represents a 263.12% increase from the last price of $5.83.

$5 $12 $19 $26 $33 $40 High: $36 Avg: $21.17 Low: $5 Last Closed Price: $5.83

ENVX Stock Rating

Enovix stock's rating consensus is Buy, based on 15 Wall Street analysts. The breakdown includes 0 Strong Buy (0.00%), 13 Buy (86.67%), 2 Hold (13.33%), 0 Sell (0.00%), and 0 Strong Sell (0.00%).

Buy
Total 15 0 2 13 Strong Sell Sell Hold Buy Strong Buy

ENVX Price Target Upside V Benchmarks

TypeNameUpside
StockEnovix263.12%
SectorIndustrials Stocks 29.76%
IndustryElectrical Equipment Stocks67.87%
IdeaAugmented Reality Stocks List38.53%

Price Target Trends

1M3M12M
# Anlaysts--3
Avg Price Target--$13.67
Last Closing Price$5.83$5.83$5.83
Upside/Downside--134.48%
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Apr, 25292--13
Mar, 25292--13
Feb, 25292--13
Jan, 25292--13
Dec, 24292--13
Analyst Price Target Forecasts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Aug 06, 2024Derek SoderbergCantor Fitzgerald$5.00$10.63-52.96%-14.24%
Aug 05, 2024Alexander PotterPiper Sandler$19.00$11.5664.36%225.90%
Jun 12, 2024George GianarikasCanaccord Genuity$17.00$12.3637.54%191.60%
Jan 11, 2023Canaccord Genuity$20.00$8.98122.72%243.05%
Aug 24, 2022Cowen & Co.$36.00$24.7045.75%517.50%
Aug 11, 2022Northland Securities$25.00$21.5815.85%328.82%
Aug 11, 2022Craig-Hallum$25.00$20.2623.40%328.82%
Jun 24, 2022Cowen & Co.$20.00$10.5090.48%243.05%
Analyst Rating Forecasts
DateCompanyPrevious RatingNew RatingRating Change
Oct 22, 2024OppenheimerUnderperformUnderperformhold
Oct 22, 2024Piper SandlerBuyBuyhold
Sep 13, 2024William BlairOutperformOutperformhold
Aug 26, 2024Piper SandlerBuyBuyhold
Aug 05, 2024Piper SandlerBuyBuyhold
Aug 05, 2024Piper SandlerOverweightOverweighthold
Aug 01, 2024Craig-HallumBuyBuyhold
Aug 01, 2024Cowen & Co.HoldHoldhold
Jul 22, 2024BenchmarkBuyinitialise
Jun 26, 2024Cantor FitzgeraldOverweightOverweighthold

Financial Forecast

EPS Forecast

$-15 $-9 $-3 $3 $9 $15 Oct 21 Oct 22 Oct 23 Oct 24 Oct 25 Oct 26 Oct 27 Oct 28
Oct 21Oct 22Oct 23Oct 24Oct 25Oct 26Oct 27Oct 28
Reported--------
Avg Forecast$-0.52$-0.57$-0.91$-0.81$-0.63$-0.44$0.73$1.67
High Forecast$-0.39$-0.46$-0.87$-0.76$-0.42$-0.28$12.56$2.64
Low Forecast$-0.62$-0.80$-0.94$-0.87$-0.74$-0.57$-11.03$1.29
Surprise %--------

Revenue Forecast

$0 $300M $600M $900M $1B $2B Oct 21 Oct 22 Oct 23 Oct 24 Oct 25 Oct 26 Oct 27 Oct 28
Oct 21Oct 22Oct 23Oct 24Oct 25Oct 26Oct 27Oct 28
Reported--------
Avg Forecast$750.00K$6.05M$3.45M$22.13M$38.18M$167.68M$529.44M$907.11M
High Forecast$860.84K$7.95M$3.60M$22.84M$55.14M$176.24M$554.30M$1.31B
Low Forecast$599.43K$5.15M$3.27M$20.50M$32.47M$159.13M$504.59M$747.77M
Surprise %--------

Net Income Forecast

$-2B $-1B $-400M $400M $1B $2B Oct 21 Oct 22 Oct 23 Oct 24 Oct 25 Oct 26 Oct 27 Oct 28
Oct 21Oct 22Oct 23Oct 24Oct 25Oct 26Oct 27Oct 28
Reported--------
Avg Forecast$-82.61M$-90.37M$-143.22M$-128.97M$-91.55M$-67.20M$-8.65M$264.57M
High Forecast$-61.05M$-72.94M$-137.29M$-119.54M$-66.72M$-44.24M$1.99B$418.37M
Low Forecast$-98.48M$-127.25M$-149.16M$-138.41M$-116.38M$-90.17M$-1.75B$204.16M
Surprise %--------

ENVX Forecast FAQ

Is Enovix stock a buy?

Enovix stock has a consensus rating of Buy, based on 15 Wall Street analysts. The rating breakdown includes 0 Strong Buy, 13 Buy, 2 Hold, 0 Sell, and 0 Strong Sell, reflecting a consensus that Enovix is a favorable investment for most analysts.

What is Enovix's price target?

Enovix's price target, set by 15 Wall Street analysts, averages $21.17 over the next 12 months. The price target range spans from $5 at the low end to $36 at the high end, suggesting a potential 263.12% change from the previous closing price of $5.83.

How does Enovix stock forecast compare to its benchmarks?

Enovix's stock forecast shows a 263.12% upside, outperforming the average forecast for the industrials stocks sector (29.76%) and outperforming the electrical equipment stocks industry (67.87%), leading the augmented reality stocks list (38.53%) investment idea.

What is the breakdown of analyst ratings for Enovix over the past three months?

  • April 2025: 15.38% Strong Buy, 69.23% Buy, 15.38% Hold, 0% Sell, 0% Strong Sell.
  • March 2025: 15.38% Strong Buy, 69.23% Buy, 15.38% Hold, 0% Sell, 0% Strong Sell.
  • February 2025: 15.38% Strong Buy, 69.23% Buy, 15.38% Hold, 0% Sell, 0% Strong Sell.

What is Enovix’s EPS forecast?

Enovix's average annual EPS forecast for its fiscal year ending in October 2021 is $-0.52, marking a 0% decrease from the reported - in 2020. Estimates for the following years are $-0.57 in 2022, $-0.91 in 2023, $-0.81 in 2024, $-0.63 in 2025, $-0.44 in 2026, $0.73 in 2027, and $1.67 in 2028.

What is Enovix’s revenue forecast?

Enovix's average annual revenue forecast for its fiscal year ending in October 2021 is $750K, reflecting a 0% decrease from the reported - in 2020. The forecast for 2022 is $6.05M, followed by $3.45M for 2023, $22.13M for 2024, $38.18M for 2025, $167.68M for 2026, $529.44M for 2027, and $907.11M for 2028.

What is Enovix’s net income forecast?

Enovix's net income forecast for the fiscal year ending in October 2021 stands at $-82.612M, representing a 0% decrease from the reported - in 2020. Projections indicate $-90.371M in 2022, $-143M in 2023, $-129M in 2024, $-91.55M in 2025, $-67.203M in 2026, $-8.646M in 2027, and $264.57M in 2028.