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 $21.17 (represents a 132.64% upside from ENVX’s last price of $9.10) 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 $21.17 based on 1-year price targets from 9 Wall Street analysts in the past 3 months, with a price target range of $36.00 to $5.00. This represents a potential 132.64% upside from ENVX's last price of $9.10.

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


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Aug 06, 2024Derek SoderbergCantor Fitzgerald$5.00$10.63-52.96%-45.05%
Aug 05, 2024Alexander PotterPiper Sandler$19.00$11.5664.36%108.79%
Jun 12, 2024George GianarikasCanaccord Genuity$17.00$12.3637.54%86.81%
Jan 11, 2023-Canaccord Genuity$20.00$8.98122.68%119.78%
Aug 24, 2022-Cowen & Co.$36.00$24.7045.75%295.60%
Aug 11, 2022-Northland Securities$25.00$21.5815.84%174.73%
Aug 11, 2022-Craig-Hallum$25.00$20.2623.40%174.73%
Jun 24, 2022-Cowen & Co.$20.00$10.5090.48%119.78%
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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 -45.05% decrease from ENVX last price ($9.10).

Enovix Price Target by Period


1M3M12M
# Anlaysts--3
Avg Price Target--$13.67
Last Closing Price$9.10$9.10$9.10
Upside/Downside-100.00%-100.00%50.22%

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 $9.10. 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


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, 2024Benchmark-BuyInitialise
Jun 26, 2024Cantor FitzgeraldOverweightOverweightHold
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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 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Dec 21Sep 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$18.95M$7.98M$6.08M$6.18M$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$317.48M$286.99M$260.19M$255.59M$244.73M$181.11M$135.58M$105.54M$70.92M$42.10M$30.81M$24.36M$22.17M$9.34M$7.12M$7.76M$9.18M$4.15M$3.61M$3.77M$3.22M$188.08K$56.61K$46.99K$1.06M$403.89K$276.67K$1.00M$500.00K
Low Forecast$243.33M$219.96M$199.42M$195.90M$187.57M$138.81M$103.92M$80.89M$54.35M$32.27M$23.61M$18.67M$16.99M$7.16M$5.45M$5.43M$8.28M$4.07M$3.61M$3.77M$2.94M$144.15K$43.39K$36.01K$812.78K$403.89K$276.67K$1.00M$500.00K
# Analysts234563333345452794347129955566
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 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Dec 21Sep 21
# Analysts234563333345452794347129955566
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$3.79M$1.60M$1.22M$1.24M$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$63.50M$57.40M$52.04M$51.12M$48.95M$36.22M$27.12M$21.11M$14.18M$8.42M$6.16M$4.87M$4.43M$1.87M$1.42M$1.55M$1.84M$829.20K$721.57K$754.54K$644.59K$37.62K$11.32K$9.40K$212.09K$80.78K$55.33K$200.00K$-17.11M
Low Forecast$48.67M$43.99M$39.88M$39.18M$37.51M$27.76M$20.78M$16.18M$10.87M$6.45M$4.72M$3.73M$3.40M$1.43M$1.09M$1.09M$1.66M$814.80K$721.52K$754.45K$587.50K$28.83K$8.68K$7.20K$162.56K$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 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Dec 21Sep 21
# Analysts234563333345452794347129955566
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$-29.02M$-29.02M$-28.45M$-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$87.43M$79.44M$72.96M$66.17M$29.63M$27.45M$26.09M$25.33M$-31.34M$-31.72M$-31.90M$-32.23M$-26.61M$-25.12M$-25.12M$-25.10M$-26.98M$-31.63M$-34.76M$-46.70M$-40.51M$-39.90M$-33.19M$-33.24M$-24.40M$-27.15M$-29.02M$-22.07M$-9.63M
Low Forecast$61.99M$56.33M$51.74M$46.91M$21.01M$19.47M$18.50M$17.96M$-44.19M$-44.74M$-44.99M$-45.46M$-37.53M$-35.42M$-35.42M$-31.79M$-41.37M$-44.62M$-49.02M$-65.87M$-53.41M$-51.30M$-46.80M$-46.87M$-34.41M$-27.15M$-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 $-65.87M to $-46.70M. 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 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Dec 21Sep 21
# Analysts234563333345452794347129955566
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$925.40M$389.72M$296.96M$301.84M$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$15.50B$14.01B$12.70B$12.48B$11.95B$8.84B$6.62B$5.15B$3.46B$2.06B$1.50B$1.19B$1.08B$455.88M$347.37M$378.76M$448.30M$202.41M$176.14M$184.19M$157.35M$9.18M$2.76M$2.29M$51.77M$19.72M$13.51M$48.82M$24.41M
Low Forecast$11.88B$10.74B$9.74B$9.56B$9.16B$6.78B$5.07B$3.95B$2.65B$1.58B$1.15B$911.60M$829.68M$349.41M$266.24M$265.24M$404.28M$198.90M$176.13M$184.16M$143.41M$7.04M$2.12M$1.76M$39.68M$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 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Dec 21Sep 21
# Analysts234563333345452794347129955566
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$0.51$0.46$0.42$0.38$0.17$0.16$0.15$0.15$-0.18$-0.18$-0.19$-0.19$-0.15$-0.15$-0.15$-0.15$-0.16$-0.18$-0.20$-0.27$-0.23$-0.23$-0.19$-0.19$-0.14$-0.16$-0.17$-0.13$-0.09
Low Forecast$0.36$0.33$0.30$0.27$0.12$0.11$0.11$0.10$-0.26$-0.26$-0.26$-0.26$-0.22$-0.21$-0.21$-0.18$-0.24$-0.26$-0.28$-0.38$-0.31$-0.30$-0.27$-0.27$-0.20$-0.16$-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 $-0.38 and a high estimate of $-0.27. This represents a -204.33% decrease compared to ENVX previous annual EPS of $0.30 (Dec 23).

Enovix Peer Comparison by Price Target


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
MVSTMicrovast$0.59$8.001255.93%Buy
PLUGPlug Power$1.89$20.831002.12%Buy
FREYFREYR Battery$2.53$19.00650.99%Buy
EOSEEos Energy Enterprises$2.51$6.00139.04%Buy
ENVXEnovix$9.10$21.17132.64%Buy
BEBloom Energy$23.94$20.83-12.99%Buy
GWHESS Tech$5.19$3.88-25.24%Buy
FCELFuelCell Energy$7.92$3.07-61.24%Hold

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 $21.17 with a range of $5 to $36, implying a 132.64% from its last price of $9.1. 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 132.64% (from the last price of $9.1 to the average price target of $21.17), up by 295.60% based on the highest stock price target, and down by -45.05% based on the lowest stock price target.

Can Enovix stock reach $14?

ENVX's average twelve months analyst stock price target of $21.17 supports the claim that Enovix can reach $14 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 $493.15M, low $377.97M), average EBITDA is $84.32M (high $98.63M, low $75.59M), average net income is $28.41M (high $47.54M, low $11.73M), average SG&A $20.58B (high $24.08B, low $18.45B), and average EPS is $0.165 (high $0.276, low $0.068). ENVX's analysts financial forecasts for the fiscal year (Sep 2028) are as follows: average revenue is $895.48M (high $1.05B, low $802.85M), average EBITDA is $179.1M (high $209.5M, low $160.57M), average net income is $203.32M (high $248.2M, low $175.98M), average SG&A $43.72B (high $51.14B, low $39.2B), and average EPS is $1.18 (high $1.44, low $1.02).

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%