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 351.44% upside from NEGG’s last price of $0.78) 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 351.44% upside from NEGG's last price of $0.78.
NEGG Analyst Ratings
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
| 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% | 351.44% |
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 351.44% increase from NEGG last price ($0.78).
Newegg Commerce Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | - |
| Avg Price Target | - | - | - |
| Last Closing Price | $0.78 | $0.78 | $0.78 |
| 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 $0.78. This month's average price target is down NaN% compared to last quarter, and down NaN% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Feb 06, 2023 | Noble Capital Markets | - | Outperform | Initialise |
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 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | $480.57M |
| Avg Forecast | $464.37M | $461.61M | $458.87M | $456.14M | $361.70M | $439.20M | $356.50M | $439.20M |
| High Forecast | $464.37M | $461.61M | $458.87M | $456.14M | $361.70M | $439.20M | $356.50M | $439.20M |
| Low Forecast | $464.37M | $461.61M | $458.87M | $456.14M | $361.70M | $439.20M | $356.50M | $439.20M |
| # Analysts | - | - | - | - | - | - | 1 | - |
| 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 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | - | - | 1 | - |
| EBITDA | - | - | - | - | - | - | - | $-3.96M |
| Avg Forecast | $-1.75M | $-1.74M | $-1.73M | $-1.72M | $-1.36M | $-1.66M | $-1.35M | $-1.66M |
| High Forecast | $-1.75M | $-1.74M | $-1.73M | $-1.72M | $-1.36M | $-1.66M | $-1.35M | $-1.66M |
| Low Forecast | $-1.75M | $-1.74M | $-1.73M | $-1.72M | $-1.36M | $-1.66M | $-1.35M | $-1.66M |
| Surprise % | - | - | - | - | - | - | - | 2.39% |
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 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | - | - | 1 | - |
| Net Income | - | - | - | - | - | - | - | $-30.07M |
| Avg Forecast | $584.84M | $509.13M | $597.82M | $-7.61M | $-22.82M | $-7.61M | $-11.41M | $-7.61M |
| High Forecast | $584.84M | $509.13M | $597.82M | $-7.61M | $-22.82M | $-7.61M | $-11.41M | $-7.61M |
| Low Forecast | $584.84M | $509.13M | $597.82M | $-7.61M | $-22.82M | $-7.61M | $-11.41M | $-7.61M |
| Surprise % | - | - | - | - | - | - | - | 3.95% |
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 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | - | - | 1 | - |
| SG&A | - | - | - | - | - | - | - | $75.66M |
| Avg Forecast | $64.64M | $64.25M | $63.87M | $63.49M | $50.35M | $61.13M | $49.62M | $61.13M |
| High Forecast | $64.64M | $64.25M | $63.87M | $63.49M | $50.35M | $61.13M | $49.62M | $61.13M |
| Low Forecast | $64.64M | $64.25M | $63.87M | $63.49M | $50.35M | $61.13M | $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 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | - | - | 1 | - |
| EPS | - | - | - | - | - | - | - | $-80.60 |
| Avg Forecast | $1.54 | $1.34 | $1.57 | $-0.02 | $-0.06 | $-0.02 | $-0.03 | $-0.02 |
| High Forecast | $1.54 | $1.34 | $1.57 | $-0.02 | $-0.06 | $-0.02 | $-0.03 | $-0.02 |
| Low Forecast | $1.54 | $1.34 | $1.57 | $-0.02 | $-0.06 | $-0.02 | $-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
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| FTCH | Farfetch | $0.64 | $32.73 | 5014.06% | Buy |
| NEGG | Newegg Commerce | $0.78 | $3.50 | 348.72% | Buy |
| W | Wayfair | $47.35 | $97.89 | 106.74% | Buy |
| RVLV | Revolve Group | $24.65 | $50.24 | 103.81% | Buy |
| ETSY | Etsy | $55.65 | $113.04 | 103.13% | Hold |
| JMIA | Jumia | $4.77 | $9.00 | 88.68% | Buy |
| OSTK | Beyond | $16.78 | $30.00 | 78.78% | Buy |
| PDD | PDD | $94.99 | $154.61 | 62.76% | Buy |
| CHWY | Chewy | $31.98 | $39.80 | 24.45% | Buy |
| VIPS | Vipshop | $12.80 | $15.81 | 23.52% | 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 351.44% from its last price of $0.775. 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 351.44% (from the last price of $0.775 to the average price target of $3.5), up by 351.44% based on the highest stock price target, and up by 351.44% 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.
What are Newegg Commerce's analysts' financial forecasts?
NEGG's analysts financial forecasts for the fiscal year (Dec 2023) are as follows: average revenue is $1.61B (high $1.61B, low $1.61B), average EBITDA is $-6.088M (high $-6.088M, low $-6.088M), average net income is $-49.454M (high $-49.454M, low $-49.454M), average SG&A $224.6M (high $224.6M, low $224.6M), and average EPS is $-0.13 (high $-0.13, low $-0.13).
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 $-7.608M by 654.82%. 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 $-7.608M by 295.25%. 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%