Newegg Commerce (NEGG) Stock Forecast, Price Target & Predictions
NEGG Stock Forecast
Newegg Commerce stock forecast is as follows: an average price target of $3.50 (represents a 452.92% upside from NEGG’s last price of $0.63) and a rating consensus of 'Buy', based on 1 wall street analysts offering a 1-year stock forecast.
NEGG Price Target
NEGG Analyst Ratings
Newegg Commerce Price Target by Analyst
Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
---|---|---|---|---|---|---|
Feb 06, 2023 | - | Loop Capital Markets | $3.50 | $1.89 | 85.19% | 452.92% |
Newegg Commerce Price Target by Period
1M | 3M | 12M | |
---|---|---|---|
# Anlaysts | - | - | - |
Avg Price Target | - | - | - |
Last Closing Price | $0.63 | $0.63 | $0.63 |
Upside/Downside | -100.00% | -100.00% | -100.00% |
Analyst Ratings Upgrades/Downgrades
Date | Company | Previous Rating | New Rating | Rating Change |
---|---|---|---|---|
Feb 06, 2023 | Noble Capital Markets | - | Outperform | Initialise |
Newegg Commerce Financial Forecast
Newegg Commerce Revenue Forecast
Sep 24 | Jun 24 | Sep 23 | Jun 23 | Mar 23 | Dec 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 |
# Analysts | 1 | 1 | 1 | 1 | 1 | 1 |
Surprise % | - | - | - | - | - | 1.09% |
Newegg Commerce EBITDA Forecast
Sep 24 | Jun 24 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
---|---|---|---|---|---|---|
# Analysts | 1 | 1 | 1 | 1 | 1 | 1 |
EBITDA | - | - | - | - | - | $-3.96M |
Avg Forecast | $-1.17M | $-1.17M | $-1.36M | $-1.28M | $-1.35M | $-1.66M |
High Forecast | $-1.17M | $-1.17M | $-1.36M | $-1.28M | $-1.35M | $-1.66M |
Low Forecast | $-1.17M | $-1.17M | $-1.36M | $-1.28M | $-1.35M | $-1.66M |
Surprise % | - | - | - | - | - | 2.39% |
Newegg Commerce Net Income Forecast
Sep 24 | Jun 24 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
---|---|---|---|---|---|---|
# Analysts | 1 | 1 | 1 | 1 | 1 | 1 |
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 SG&A Forecast
Sep 24 | Jun 24 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
---|---|---|---|---|---|---|
# Analysts | 1 | 1 | 1 | 1 | 1 | 1 |
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 EPS Forecast
Sep 24 | Jun 24 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
---|---|---|---|---|---|---|
# Analysts | 1 | 1 | 1 | 1 | 1 | 1 |
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% |
Newegg Commerce Peer Comparison by Price Target
Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
---|---|---|---|---|---|
FTCH | Farfetch | $0.64 | $32.73 | 5014.06% | Buy |
NEGG | Newegg Commerce | $0.63 | $3.50 | 455.56% | Buy |
W | Wayfair | $41.93 | $95.39 | 127.50% | Buy |
RVLV | Revolve Group | $25.27 | $50.65 | 100.44% | Buy |
JMIA | Jumia | $4.62 | $9.00 | 94.81% | Buy |
ETSY | Etsy | $52.27 | $101.26 | 93.72% | Hold |
OSTK | Beyond | $16.78 | $30.00 | 78.78% | Buy |
CHWY | Chewy | $28.84 | $40.04 | 38.83% | Buy |
PDD | PDD | $122.32 | $159.20 | 30.15% | Buy |
VIPS | Vipshop | $14.59 | $15.81 | 8.36% | Hold |
WISH | ContextLogic | $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 452.92% from its last price of $0.633. 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 452.92% (from the last price of $0.633 to the average price target of $3.5), up by 452.92% based on the highest stock price target, and up by 452.92% 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 $-1.657M by 1835.54%. 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 $-1.657M by 138.98%. 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%