Newegg Commerce (NEGG) Stock Forecast, Price Target & Predictions


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NEGG Stock Forecast


Newegg Commerce stock forecast is as follows: an average price target of $3.50 (represents a 513.93% upside from NEGG’s last price of $0.57) and a rating consensus of 'Buy', based on 1 wall street analysts offering a 1-year stock forecast.

NEGG Price Target


The average price target for Newegg Commerce (NEGG) is $3.50 based on 1-year price targets from 1 Wall Street analysts in the past 3 months, with a price target range of $3.50 to $3.50. This represents a potential 513.93% upside from NEGG's last price of $0.57.

NEGG Analyst Ratings


Buy

According to 1 Wall Street analysts, Newegg Commerce's rating consensus is 'Buy'. The analyst rating breakdown for NEGG stock is 0 'Strong Buy' (0.00%), 1 'Buy' (100.00%), 0 'Hold' (0.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Newegg Commerce Price Target by Analyst


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Feb 06, 2023-Loop Capital Markets$3.50$1.8985.19%513.93%
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The latest Newegg Commerce stock forecast, released on Feb 06, 2023 by Loop Capital Markets company, set a price target of $3.50, which represents a 85.19% increase from the stock price at the time of the forecast ($1.89), and a 513.93% increase from NEGG last price ($0.57).

Newegg Commerce Price Target by Period


1M3M12M
# Anlaysts---
Avg Price Target---
Last Closing Price$0.57$0.57$0.57
Upside/Downside-100.00%-100.00%-100.00%

In the current month, the average price target of Newegg Commerce stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Newegg Commerce's last price of $0.57. 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
Feb 06, 2023Noble Capital Markets-OutperformInitialise
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Newegg Commerce's last stock rating was published by Noble Capital Markets on Feb 06, 2023. The company Initialise its NEGG rating from "null" to "Outperform".

Newegg Commerce Financial Forecast


Newegg Commerce Revenue Forecast

Sep 24Jun 24Sep 23Jun 23Mar 23Dec 22
Revenue-----$480.57M
Avg Forecast$310.91M$309.06M$361.70M$338.80M$356.50M$439.20M
High Forecast$310.91M$309.06M$361.70M$338.80M$356.50M$439.20M
Low Forecast$310.91M$309.06M$361.70M$338.80M$356.50M$439.20M
# Analysts111111
Surprise %-----1.09%

Newegg Commerce's average Quarter revenue forecast for Mar 23 based on 1 analysts is $356.50M, with a low forecast of $356.50M, and a high forecast of $356.50M. NEGG's average Quarter revenue forecast represents a -25.82% decrease compared to the company's last Quarter revenue of $480.57M (Dec 22).

Newegg Commerce EBITDA Forecast

Sep 24Jun 24Sep 23Jun 23Mar 23Dec 22
# Analysts111111
EBITDA-----$-3.96M
Avg Forecast$-548.91K$-545.65K$-638.59K$-598.16K$-629.41K$-775.41K
High Forecast$-548.91K$-545.65K$-638.59K$-598.16K$-629.41K$-775.41K
Low Forecast$-548.91K$-545.65K$-638.59K$-598.16K$-629.41K$-775.41K
Surprise %-----5.11%

undefined analysts predict NEGG's average Quarter EBITDA for undefined to be $NaN, with a high of $NaN and a low of $NaN. This is NaN% lower than Newegg Commerce's previous annual EBITDA (undefined) of $NaN.

Newegg Commerce Net Income Forecast

Sep 24Jun 24Sep 23Jun 23Mar 23Dec 22
# Analysts111111
Net Income-----$-30.07M
Avg Forecast$596.39M$519.18M$-23.28M$-11.64M$-11.64M$-7.76M
High Forecast$596.39M$519.18M$-23.28M$-11.64M$-11.64M$-7.76M
Low Forecast$596.39M$519.18M$-23.28M$-11.64M$-11.64M$-7.76M
Surprise %-----3.88%

Newegg Commerce's average Quarter net income forecast for undefined is $NaN, with a range of $NaN to $NaN. NEGG's average Quarter net income forecast represents a NaN% decrease compared to the company's last Quarter net income of $NaN (undefined).

Newegg Commerce SG&A Forecast

Sep 24Jun 24Sep 23Jun 23Mar 23Dec 22
# Analysts111111
SG&A-----$75.66M
Avg Forecast$43.28M$43.02M$50.35M$47.16M$49.62M$61.13M
High Forecast$43.28M$43.02M$50.35M$47.16M$49.62M$61.13M
Low Forecast$43.28M$43.02M$50.35M$47.16M$49.62M$61.13M
Surprise %-----1.24%

Newegg Commerce's average Quarter SG&A projection for Mar 23 is $49.62M, based on 1 Wall Street analysts, with a range of $49.62M to $49.62M. The forecast indicates a -34.42% fall compared to NEGG last annual SG&A of $75.66M (Dec 22).

Newegg Commerce EPS Forecast

Sep 24Jun 24Sep 23Jun 23Mar 23Dec 22
# Analysts111111
EPS-----$-80.60
Avg Forecast$1.54$1.34$-0.06$-0.03$-0.03$-0.02
High Forecast$1.54$1.34$-0.06$-0.03$-0.03$-0.02
Low Forecast$1.54$1.34$-0.06$-0.03$-0.03$-0.02
Surprise %-----4030.00%

According to undefined Wall Street analysts, Newegg Commerce's projected average Quarter EPS for undefined is $NaN, with a low estimate of $NaN and a high estimate of $NaN. This represents a NaN% decrease compared to NEGG previous annual EPS of $NaN (undefined).

Newegg Commerce Peer Comparison by Price Target


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
FTCHFarfetch$0.64$32.735014.06%Buy
NEGGNewegg Commerce$0.57$3.50514.04%Buy
JMIAJumia$3.64$9.00147.25%Buy
WWayfair$42.63$93.31118.88%Buy
ETSYEtsy$51.99$101.2694.77%Hold
OSTKBeyond$16.78$30.0078.78%Buy
PDDPDD$104.09$159.2052.94%Buy
RVLVRevolve Group$34.82$51.1246.81%Buy
VIPSVipshop$13.48$16.1719.96%Hold
CHWYChewy$35.87$40.0411.63%Buy
WISHContextLogic$5.13$2.00-61.01%Hold

NEGG Forecast FAQ


Is Newegg Commerce a good buy?

Yes, according to 1 Wall Street analysts, Newegg Commerce (NEGG) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 1 'Buy' recommendations, accounting for 100.00% of NEGG's total ratings.

What is NEGG's price target?

Newegg Commerce (NEGG) average price target is $3.5 with a range of $3.5 to $3.5, implying a 513.93% from its last price of $0.57. The data is based on 1 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Newegg Commerce stock go up soon?

According to Wall Street analysts' prediction for NEGG stock, the company can go up by 513.93% (from the last price of $0.57 to the average price target of $3.5), up by 513.93% based on the highest stock price target, and up by 513.93% based on the lowest stock price target.

Can Newegg Commerce stock reach $1?

NEGG's average twelve months analyst stock price target of $3.5 supports the claim that Newegg Commerce can reach $1 in the near future.

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

Based on Newegg Commerce's last annual report (Dec 2022), the company's revenue was $1.72B, beating the average analysts forecast of $439.2M by 291.68%. Apple's EBITDA was $-32.073M, beating the average prediction of $-775K by 4036.24%. The company's net income was $-57.429M, beating the average estimation of $-7.759M by 640.20%. Apple's SG&A was $266.16M, beating the average forecast of $61.13M by 335.37%. Lastly, the company's EPS was $-0.15, beating the average prediction of $-0.02 by 650.00%. In terms of the last quarterly report (Dec 2022), Newegg Commerce's revenue was $480.58M, beating the average analysts' forecast of $439.2M by 9.42%. The company's EBITDA was $-3.96M, beating the average prediction of $-775K by 410.69%. Newegg Commerce's net income was $-30.072M, beating the average estimation of $-7.759M by 287.60%. The company's SG&A was $75.66M, beating the average forecast of $61.13M by 23.77%. Lastly, the company's EPS was $-80.6, beating the average prediction of $-0.02 by 402900.00%