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

OverviewRevenueOwnershipFinancialsChart

NEGG Stock Forecast

Newegg Commerce (NEGG) stock forecast, based on 1 Wall Street analysts, predicts a 12-month average price target of $3.50, with a high of $3.50 and a low of $3.50. This represents a 733.33% increase from the last price of $0.42.

High: $3.5 Avg: $3.5 Low: $3.5 Last Closed Price: $0.42

NEGG Stock Rating

Newegg Commerce stock's rating consensus is Buy, based on 1 Wall Street analysts. The breakdown includes 0 Strong Buy (0.00%), 1 Buy (100.00%), 0 Hold (0.00%), 0 Sell (0.00%), and 0 Strong Sell (0.00%).

Buy
Total 1 0 1 Strong Sell Sell Hold Buy Strong Buy

NEGG Forecast vs Benchmarks

TypeNameUpside
StockNewegg Commerce733.33%
SectorConsumer Cyclical Stocks 4.57%
IndustrySpecialty Retail Stocks 19.86%

Price Target Trends

1M3M12M
# Anlaysts---
Avg Price Target---
Last Closing Price$0.42$0.42$0.42
Upside/Downside---
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Nov, 24-1---1
Oct, 24-1---1
Sep, 24-1---1
Aug, 24-1---1
Jul, 24-1---1
Latest Price Target by Analysts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Feb 06, 2023Loop Capital Markets$3.50$1.8985.19%733.33%
Latest Upgrade/Downgrade by Analysts
DateCompanyPrevious RatingNew RatingRating Change
Feb 06, 2023Noble Capital MarketsOutperforminitialise

Financial Forecast

EPS Forecast

Dec 22 Dec 23 Dec 24
Dec 22Dec 23Dec 24
Reported$-0.15$-0.16-
Avg Forecast$-0.10$-0.11$-0.10
High Forecast$-0.10$-0.11$-0.10
Low Forecast$-0.10$-0.11$-0.10
Surprise %50.00%45.45%-

Revenue Forecast

$1B $2B $2B $2B $2B $2B Dec 22 Dec 23 Dec 24
Dec 22Dec 23Dec 24
Reported$1.72B$1.50B-
Avg Forecast$1.68B$1.52B$1.56B
High Forecast$1.68B$1.52B$1.56B
Low Forecast$1.68B$1.52B$1.56B
Surprise %2.46%-1.42%-

Net Income Forecast

$-60M $-55M $-50M $-45M $-40M $-35M Dec 22 Dec 23 Dec 24
Dec 22Dec 23Dec 24
Reported$-57.43M$-58.99M-
Avg Forecast$-37.86M$-41.64M$-37.86M
High Forecast$-37.86M$-41.64M$-37.86M
Low Forecast$-37.86M$-41.64M$-37.86M
Surprise %51.71%41.66%-

NEGG Forecast FAQ

Is Newegg Commerce stock a buy?

Newegg Commerce stock has a consensus rating of Buy, based on 1 Wall Street analysts. The rating breakdown includes 0 Strong Buy, 1 Buy, 0 Hold, 0 Sell, and 0 Strong Sell, reflecting a consensus that Newegg Commerce is a favorable investment for most analysts.

What is Newegg Commerce's price target?

Newegg Commerce's price target, set by 1 Wall Street analysts, averages $3.5 over the next 12 months. The price target range spans from $3.5 at the low end to $3.5 at the high end, suggesting a potential 733.33% change from the previous close price of $0.42.

How does Newegg Commerce stock forecast compare to the average forecast of its sector, industry, and investment themes?

Newegg Commerce stock forecast shows a 733.33% upside, outperforming the average forecast for the consumer cyclical stocks sector (4.57%) and outperforming the specialty retail stocks industry (19.86%).

What is the breakdown of analyst ratings for Newegg Commerce over the past three months?

  • November 2024: 0% Strong Buy, 100.00% Buy, 0% Hold, 0% Sell, 0% Strong Sell.
  • October 2024: 0% Strong Buy, 100.00% Buy, 0% Hold, 0% Sell, 0% Strong Sell.
  • September 2024: 0% Strong Buy, 100.00% Buy, 0% Hold, 0% Sell, 0% Strong Sell.

What is Newegg Commerce’s EPS forecast?

Newegg Commerce's average annual EPS forecast for its fiscal year ending in December is -0.1 for 2024, a -37.50% decrease from the reported $-0.16 in 2023.

What is Newegg Commerce’s revenue forecast?

Newegg Commerce's average annual revenue forecast for its fiscal year ending in December is $1.56B for 2024, a 3.96% increase from the reported $1.5B in 2023.

What is Newegg Commerce’s net income forecast?

For its fiscal year ending in December, Newegg Commerce's average annual net income forecast is $-37.856M for 2024, reflecting a -35.83% decrease from the reported $-58.99M in 2023.