Enovix (ENVX) Stock Forecast, Price Target & Predictions
ENVX Stock Forecast
Enovix stock forecast is as follows: an average price target of $21.17 (represents a 118.25% upside from ENVX’s last price of $9.70) and a rating consensus of 'Buy', based on 10 wall street analysts offering a 1-year stock forecast.
ENVX Price Target
The average price target for Enovix (ENVX) is $21.17 based on 1-year price targets from 10 Wall Street analysts in the past 3 months, with a price target range of $36.00 to $5.00. This represents a potential 118.25% upside from ENVX's last price of $9.70.
ENVX Analyst Ratings
According to 10 Wall Street analysts, Enovix's rating consensus is 'Buy'. The analyst rating breakdown for ENVX stock is 0 'Strong Buy' (0.00%), 9 'Buy' (90.00%), 1 'Hold' (10.00%), 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% | -48.45% |
| Aug 05, 2024 | Alexander Potter | Piper Sandler | $19.00 | $11.56 | 64.36% | 95.88% |
| Jun 12, 2024 | George Gianarikas | Canaccord Genuity | $17.00 | $12.36 | 37.54% | 75.26% |
| Jan 11, 2023 | - | Canaccord Genuity | $20.00 | $8.98 | 122.68% | 106.19% |
| Aug 24, 2022 | - | Cowen & Co. | $36.00 | $24.70 | 45.75% | 271.13% |
| Aug 11, 2022 | - | Northland Securities | $25.00 | $21.58 | 15.84% | 157.73% |
| Aug 11, 2022 | - | Craig-Hallum | $25.00 | $20.26 | 23.40% | 157.73% |
| Jun 24, 2022 | - | Cowen & Co. | $20.00 | $10.50 | 90.48% | 106.19% |
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 -48.45% decrease from ENVX last price ($9.70).
Enovix Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 2 | 3 |
| Avg Price Target | - | $12.00 | $13.67 |
| Last Closing Price | $9.70 | $9.70 | $9.70 |
| Upside/Downside | -100.00% | 23.71% | 40.93% |
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 $9.70. 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 |
|---|---|---|---|---|
| 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 |
Enovix's last stock rating was published by William Blair on Sep 13, 2024. The company gave ENVX a "Outperform" rating, the same as its previous rate.
Enovix Financial Forecast
Enovix Revenue Forecast
| Dec 28 | Oct 28 | Jul 28 | Mar 28 | Dec 27 | Oct 27 | Jul 27 | Mar 27 | Dec 26 | Oct 26 | Jul 26 | Mar 26 | Dec 25 | Oct 25 | Jul 25 | Mar 25 | Dec 24 | Oct 24 | Jul 24 | Mar 24 | Dec 23 | Oct 23 | Jul 23 | Mar 23 | Dec 22 | Oct 22 | Jul 22 | Dec 21 | Oct 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.09M | - | - | $21.00K | - | - | - | - | - |
| Avg Forecast | $307.24M | $270.06M | $241.90M | $205.29M | $162.91M | $147.12M | $134.06M | $123.83M | $87.42M | $53.05M | $38.11M | $37.11M | $24.54M | $16.15M | $6.89M | $5.71M | $7.45M | $4.18M | $3.61M | $3.77M | $3.10M | $160.79K | $48.40K | $40.17K | $906.55K | $403.89K | $276.67K | $1.00M | $500.00K |
| High Forecast | $365.31M | $321.11M | $287.62M | $244.09M | $193.69M | $174.92M | $159.40M | $147.23M | $103.94M | $63.08M | $45.31M | $44.12M | $29.18M | $19.20M | $8.20M | $6.79M | $8.85M | $4.57M | $4.29M | $4.49M | $3.22M | $191.17K | $57.54K | $47.76K | $1.08M | $480.22K | $276.67K | $1.14M | $571.12K |
| Low Forecast | $294.01M | $258.44M | $231.49M | $196.45M | $155.89M | $140.78M | $128.29M | $118.50M | $83.66M | $50.77M | $36.47M | $35.51M | $23.48M | $15.45M | $6.60M | $5.47M | $7.13M | $4.06M | $3.45M | $3.61M | $2.94M | $153.86K | $46.31K | $38.44K | $867.51K | $386.50K | $276.67K | $862.07K | $431.03K |
| # Analysts | 3 | 5 | 3 | 3 | 8 | 5 | 4 | 8 | 7 | 4 | 4 | 7 | 5 | 3 | 3 | 5 | 5 | 9 | 8 | 5 | 7 | 12 | 10 | 10 | 5 | 5 | 5 | 6 | 6 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.35% | - | - | 0.52% | - | - | - | - | - |
Enovix's average Quarter revenue forecast for Mar 24 based on 5 analysts is $3.77M, with a low forecast of $3.61M, and a high forecast of $4.49M. 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 | Oct 28 | Jul 28 | Mar 28 | Dec 27 | Oct 27 | Jul 27 | Mar 27 | Dec 26 | Oct 26 | Jul 26 | Mar 26 | Dec 25 | Oct 25 | Jul 25 | Mar 25 | Dec 24 | Oct 24 | Jul 24 | Mar 24 | Dec 23 | Oct 23 | Jul 23 | Mar 23 | Dec 22 | Oct 22 | Jul 22 | Dec 21 | Oct 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 5 | 3 | 3 | 8 | 5 | 4 | 8 | 7 | 4 | 4 | 7 | 5 | 3 | 3 | 5 | 5 | 9 | 8 | 5 | 7 | 12 | 10 | 10 | 5 | 5 | 5 | 6 | 6 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $-63.27M | - | - | $-46.81M | $-24.30M | - | - | - | - |
| Avg Forecast | $102.41M | $90.02M | $80.63M | $68.43M | $54.30M | $49.04M | $44.69M | $41.28M | $29.14M | $17.68M | $12.70M | $12.37M | $8.18M | $5.38M | $2.30M | $1.90M | $2.48M | $1.39M | $1.20M | $1.26M | $1.03M | $53.59K | $16.13K | $13.39K | $302.18K | $134.63K | $92.22K | $333.33K | $-21.38M |
| High Forecast | $121.77M | $107.04M | $95.87M | $81.36M | $64.56M | $58.31M | $53.13M | $49.08M | $34.65M | $21.03M | $15.10M | $14.71M | $9.73M | $6.40M | $2.73M | $2.26M | $2.95M | $1.52M | $1.43M | $1.50M | $1.07M | $63.72K | $19.18K | $15.92K | $359.29K | $160.07K | $92.22K | $380.75K | $-17.11M |
| Low Forecast | $98.00M | $86.15M | $77.16M | $65.48M | $51.96M | $46.93M | $42.76M | $39.50M | $27.89M | $16.92M | $12.16M | $11.84M | $7.83M | $5.15M | $2.20M | $1.82M | $2.38M | $1.35M | $1.15M | $1.20M | $979.16K | $51.29K | $15.44K | $12.81K | $289.17K | $128.83K | $92.22K | $287.36K | $-25.66M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -61.17% | - | - | -3496.56% | -80.40% | - | - | - | - |
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Enovix Net Income Forecast
| Dec 28 | Oct 28 | Jul 28 | Mar 28 | Dec 27 | Oct 27 | Jul 27 | Mar 27 | Dec 26 | Oct 26 | Jul 26 | Mar 26 | Dec 25 | Oct 25 | Jul 25 | Mar 25 | Dec 24 | Oct 24 | Jul 24 | Mar 24 | Dec 23 | Oct 23 | Jul 23 | Mar 23 | Dec 22 | Oct 22 | Jul 22 | Dec 21 | Oct 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 5 | 3 | 3 | 8 | 5 | 4 | 8 | 7 | 4 | 4 | 7 | 5 | 3 | 3 | 5 | 5 | 9 | 8 | 5 | 7 | 12 | 10 | 10 | 5 | 5 | 5 | 6 | 6 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $46.92M | - | - | $-96.80M | $-144.39M | - | - | - | - |
| Avg Forecast | $67.04M | $60.91M | $55.95M | $50.74M | $22.72M | $21.05M | $20.01M | $19.42M | $-6.78M | $-23.16M | $-26.50M | $-26.00M | $-30.43M | $-31.81M | $-33.66M | $-32.74M | $-32.92M | $-32.40M | $-37.59M | $-50.51M | $-44.82M | $-40.90M | $-35.89M | $-35.94M | $-26.39M | $-25.42M | $-27.16M | $-67.65M | $-12.04M |
| High Forecast | $83.52M | $75.88M | $69.69M | $63.20M | $28.30M | $26.22M | $24.92M | $24.19M | $-6.40M | $-21.86M | $-25.01M | $-24.54M | $-28.73M | $-30.03M | $-31.77M | $-30.90M | $-31.08M | $-32.30M | $-35.49M | $-47.68M | $-37.92M | $-37.35M | $-33.88M | $-33.93M | $-24.91M | $-23.99M | $-27.16M | $-54.12M | $-9.63M |
| Low Forecast | $63.29M | $57.50M | $52.82M | $47.90M | $21.45M | $19.87M | $18.89M | $18.33M | $-8.44M | $-28.85M | $-33.01M | $-32.38M | $-37.91M | $-39.63M | $-41.93M | $-40.78M | $-41.01M | $-32.50M | $-46.83M | $-62.92M | $-49.99M | $-48.02M | $-44.70M | $-44.77M | $-32.87M | $-31.66M | $-27.16M | $-81.19M | $-14.45M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -1.05% | - | - | 2.69% | 5.47% | - | - | - | - |
Enovix's average Quarter net income forecast for Mar 24 is $-50.51M, with a range of $-62.92M to $-47.68M. ENVX's average Quarter net income forecast represents a -207.65% decrease compared to the company's last Quarter net income of $46.92M (Dec 23).
Enovix SG&A Forecast
| Dec 28 | Oct 28 | Jul 28 | Mar 28 | Dec 27 | Oct 27 | Jul 27 | Mar 27 | Dec 26 | Oct 26 | Jul 26 | Mar 26 | Dec 25 | Oct 25 | Jul 25 | Mar 25 | Dec 24 | Oct 24 | Jul 24 | Mar 24 | Dec 23 | Oct 23 | Jul 23 | Mar 23 | Dec 22 | Oct 22 | Jul 22 | Dec 21 | Oct 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 5 | 3 | 3 | 8 | 5 | 4 | 8 | 7 | 4 | 4 | 7 | 5 | 3 | 3 | 5 | 5 | 9 | 8 | 5 | 7 | 12 | 10 | 10 | 5 | 5 | 5 | 6 | 6 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $15.43M | - | - | $27.27M | $12.21M | - | - | - | - |
| Avg Forecast | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| High Forecast | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Low Forecast | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Enovix's average Quarter SG&A projection for Mar 24 is -, based on 5 Wall Street analysts, with a range of - to -. The forecast indicates a -100.00% fall compared to ENVX last annual SG&A of $15.43M (Dec 23).
Enovix EPS Forecast
| Dec 28 | Oct 28 | Jul 28 | Mar 28 | Dec 27 | Oct 27 | Jul 27 | Mar 27 | Dec 26 | Oct 26 | Jul 26 | Mar 26 | Dec 25 | Oct 25 | Jul 25 | Mar 25 | Dec 24 | Oct 24 | Jul 24 | Mar 24 | Dec 23 | Oct 23 | Jul 23 | Mar 23 | Dec 22 | Oct 22 | Jul 22 | Dec 21 | Oct 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 5 | 3 | 3 | 8 | 5 | 4 | 8 | 7 | 4 | 4 | 7 | 5 | 3 | 3 | 5 | 5 | 9 | 8 | 5 | 7 | 12 | 10 | 10 | 5 | 5 | 5 | 6 | 6 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.30 | - | - | $-0.62 | $-1.02 | - | - | - | - |
| Avg Forecast | $0.42 | $0.38 | $0.35 | $0.31 | $0.14 | $0.13 | $0.12 | $0.12 | $-0.04 | $-0.14 | $-0.16 | $-0.16 | $-0.19 | $-0.20 | $-0.21 | $-0.20 | $-0.20 | $-0.20 | $-0.23 | $-0.31 | $-0.28 | $-0.25 | $-0.22 | $-0.22 | $-0.16 | $-0.16 | $-0.17 | $-0.13 | $-0.09 |
| High Forecast | $0.52 | $0.47 | $0.43 | $0.39 | $0.18 | $0.16 | $0.15 | $0.15 | $-0.04 | $-0.14 | $-0.16 | $-0.15 | $-0.18 | $-0.19 | $-0.20 | $-0.19 | $-0.19 | $-0.20 | $-0.22 | $-0.30 | $-0.23 | $-0.23 | $-0.21 | $-0.21 | $-0.15 | $-0.15 | $-0.17 | $-0.11 | $-0.07 |
| Low Forecast | $0.39 | $0.36 | $0.33 | $0.30 | $0.13 | $0.12 | $0.12 | $0.11 | $-0.05 | $-0.18 | $-0.20 | $-0.20 | $-0.23 | $-0.25 | $-0.26 | $-0.25 | $-0.25 | $-0.20 | $-0.29 | $-0.39 | $-0.31 | $-0.30 | $-0.28 | $-0.28 | $-0.20 | $-0.20 | $-0.17 | $-0.15 | $-0.11 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -1.08% | - | - | 2.78% | 6.24% | - | - | - | - |
According to 5 Wall Street analysts, Enovix's projected average Quarter EPS for Mar 24 is $-0.31, with a low estimate of $-0.39 and a high estimate of $-0.30. 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 |
|---|---|---|---|---|---|
| MVST | Microvast | $0.22 | $8.00 | 3536.36% | Buy |
| FREY | FREYR Battery | $1.01 | $19.00 | 1781.19% | Buy |
| PLUG | Plug Power | $1.96 | $24.22 | 1135.71% | Buy |
| FCEL | FuelCell Energy | $0.48 | $3.07 | 539.58% | Hold |
| BE | Bloom Energy | $10.20 | $22.54 | 120.98% | Buy |
| EOSE | Eos Energy Enterprises | $2.73 | $6.00 | 119.78% | Buy |
| ENVX | Enovix | $9.70 | $21.17 | 118.25% | Buy |
| GWH | ESS Tech | $5.42 | $1.33 | -75.46% | Buy |
ENVX Forecast FAQ
Is Enovix a good buy?
Yes, according to 10 Wall Street analysts, Enovix (ENVX) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 9 'Buy' recommendations, accounting for 90.00% of ENVX's total ratings.
What is ENVX's price target?
Enovix (ENVX) average price target is $21.17 with a range of $5 to $36, implying a 118.25% from its last price of $9.7. The data is based on 10 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 118.25% (from the last price of $9.7 to the average price target of $21.17), up by 271.13% based on the highest stock price target, and down by -48.45% based on the lowest stock price target.
Can Enovix stock reach $15?
ENVX's average twelve months analyst stock price target of $21.17 supports the claim that Enovix can reach $15 in the near future.
Did the ENVX's actual financial results beat the analysts' financial forecasts?
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 $1.03M by -6216.98%. Enovix's net income was $46.92M, missing the average estimation of $-44.818M by -204.70%. The company's SG&A was $15.42M, beating the average forecast of $0 by 0%. Lastly, the company's EPS was $0.3, missing the average prediction of $-0.278 by -208.02%