TPI Composites (TPIC) Stock Forecast, Price Target & Predictions
TPIC Stock Forecast
TPI Composites stock forecast is as follows: an average price target of $5.00 (represents a 108.33% upside from TPIC’s last price of $2.40) and a rating consensus of 'Buy', based on 8 wall street analysts offering a 1-year stock forecast.
TPIC Price Target
The average price target for TPI Composites (TPIC) is $5.00 based on 1-year price targets from 8 Wall Street analysts in the past 3 months, with a price target range of $5.00 to $5.00. This represents a potential 108.33% upside from TPIC's last price of $2.40.
TPIC Analyst Ratings
According to 8 Wall Street analysts, TPI Composites's rating consensus is 'Buy'. The analyst rating breakdown for TPIC stock is 0 'Strong Buy' (0.00%), 4 'Buy' (50.00%), 4 'Hold' (50.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
TPI Composites Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Oct 17, 2024 | Julien Dumoulin-Smith | Jefferies | $5.00 | $4.70 | 6.38% | 108.33% |
| Aug 16, 2022 | Pavel Molchanov | Raymond James | $28.00 | $20.13 | 39.10% | 1066.67% |
| Nov 09, 2021 | Philip Shen | Roth Capital | $29.00 | $25.97 | 11.67% | 1108.33% |
| Oct 18, 2021 | Jeff Osborne | Cowen & Co. | $42.00 | $33.97 | 23.64% | 1650.00% |
The latest TPI Composites stock forecast, released on Oct 17, 2024 by Julien Dumoulin-Smith from Jefferies, set a price target of $5.00, which represents a 6.38% increase from the stock price at the time of the forecast ($4.70), and a 108.33% increase from TPIC last price ($2.40).
TPI Composites Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 1 | 1 |
| Avg Price Target | - | $5.00 | $5.00 |
| Last Closing Price | $2.40 | $2.40 | $2.40 |
| Upside/Downside | -100.00% | 108.33% | 108.33% |
In the current month, the average price target of TPI Composites stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to TPI Composites's last price of $2.40. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 17, 2024 | Jefferies | Hold | Initialise | |
| Jul 12, 2023 | Raymond James | Outperform | Outperform | Hold |
| Mar 16, 2023 | Guggenheim | Buy | Upgrade | |
| Feb 23, 2023 | Piper Sandler | Neutral | Upgrade | |
| Feb 23, 2023 | Wolfe Research | Peer Perform | Upgrade | |
| Feb 23, 2023 | JMP Securities | Perform | Downgrade | |
| Feb 23, 2023 | Wells Fargo | Equal-Weight | Downgrade | |
| Feb 23, 2023 | Bank of America Securities | Buy | Upgrade | |
| Nov 04, 2022 | Craig-Hallum | Buy | Upgrade | |
| Oct 21, 2022 | Morgan Stanley | Equal-Weight | Equal-Weight | Hold |
| Oct 13, 2022 | Raymond James | Outperform | Outperform | Hold |
| Aug 16, 2022 | Raymond James | Strong Buy | Downgrade |
TPI Composites's last stock rating was published by Jefferies on Oct 17, 2024. The company Initialise its TPIC rating from "null" to "Hold".
TPI Composites Financial Forecast
TPI Composites Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | $372.86M | $381.27M | $404.07M | $402.28M | $459.27M | $452.37M | $384.87M | $389.46M | $479.60M | $458.84M | $404.68M | $465.57M | $474.11M | $373.82M | $356.64M | $422.11M | $383.84M |
| Avg Forecast | $481.57M | $486.40M | $487.80M | $454.79M | $428.66M | $409.57M | $398.92M | $368.21M | $365.25M | $360.51M | $310.58M | $296.25M | $342.93M | $380.16M | $388.34M | $378.44M | $438.83M | $472.55M | $430.50M | $387.27M | $385.68M | $481.43M | $453.35M | $410.82M | $449.03M | $407.32M | $304.86M | $288.52M | $414.74M | $396.50M |
| High Forecast | $533.84M | $539.19M | $540.74M | $504.15M | $475.19M | $454.02M | $442.22M | $392.62M | $389.92M | $362.96M | $310.58M | $296.25M | $354.89M | $401.62M | $430.48M | $419.52M | $486.46M | $472.55M | $430.50M | $387.27M | $385.68M | $481.43M | $453.35M | $410.82M | $449.03M | $407.32M | $304.86M | $288.52M | $414.74M | $396.50M |
| Low Forecast | $432.21M | $436.55M | $437.80M | $408.17M | $384.73M | $367.59M | $358.03M | $325.67M | $352.08M | $358.07M | $310.58M | $296.25M | $335.98M | $368.92M | $348.53M | $339.65M | $393.85M | $472.55M | $430.50M | $387.27M | $385.68M | $481.43M | $453.35M | $410.82M | $449.03M | $407.32M | $304.86M | $288.52M | $414.74M | $396.50M |
| # Analysts | 3 | 3 | 4 | 5 | 4 | 5 | 2 | 7 | 8 | 4 | 3 | 4 | 7 | 12 | 9 | 9 | 5 | 5 | 5 | 5 | 6 | 6 | 6 | 6 | 9 | 9 | 9 | 9 | 8 | 8 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.98% | 0.98% | 1.07% | 0.92% | 0.97% | 1.05% | 0.99% | 1.01% | 1.00% | 1.01% | 0.99% | 1.04% | 1.16% | 1.23% | 1.24% | 1.02% | 0.97% |
TPI Composites's average Quarter revenue forecast for Dec 23 based on 7 analysts is $342.93M, with a low forecast of $335.98M, and a high forecast of $354.89M. TPIC's average Quarter revenue forecast represents a -8.03% decrease compared to the company's last Quarter revenue of $372.86M (Sep 23).
TPI Composites EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 4 | 5 | 4 | 5 | 2 | 7 | 8 | 4 | 3 | 4 | 7 | 12 | 9 | 9 | 5 | 5 | 5 | 5 | 6 | 6 | 6 | 6 | 9 | 9 | 9 | 9 | 8 | 8 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | $-46.91M | $-62.21M | $5.85M | $7.53M | $12.64M | $6.54M | $2.81M | $-69.79M | $-6.48M | $4.29M | $5.41M | $30.55M | $27.18M | $-2.62M | $-2.69M | $20.16M | $26.34M |
| Avg Forecast | $-6.61M | $-6.68M | $-6.69M | $-6.24M | $-5.88M | $-5.62M | $-5.47M | $-5.05M | $-5.01M | $-4.95M | $-4.26M | $11.17M | $-4.71M | $-5.22M | $-5.33M | $10.15M | $-48.95M | $-5.95M | $-5.42M | $9.23M | $-4.86M | $-6.06M | $-5.71M | $8.39M | $-5.66M | $-5.13M | $-3.84M | $-4.76M | $-5.22M | $-4.99M |
| High Forecast | $-5.93M | $-5.99M | $-6.01M | $-5.60M | $-5.28M | $-5.04M | $-4.91M | $-4.47M | $-4.83M | $-4.91M | $-4.26M | $13.40M | $-4.61M | $-5.06M | $-4.78M | $12.18M | $-39.16M | $-5.95M | $-5.42M | $11.08M | $-4.86M | $-6.06M | $-5.71M | $10.07M | $-5.66M | $-5.13M | $-3.84M | $-3.81M | $-5.22M | $-4.99M |
| Low Forecast | $-7.33M | $-7.40M | $-7.42M | $-6.92M | $-6.52M | $-6.23M | $-6.07M | $-5.39M | $-5.35M | $-4.98M | $-4.26M | $8.94M | $-4.87M | $-5.51M | $-5.91M | $8.12M | $-58.74M | $-5.95M | $-5.42M | $7.38M | $-4.86M | $-6.06M | $-5.71M | $6.71M | $-5.66M | $-5.13M | $-3.84M | $-5.72M | $-5.22M | $-4.99M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 8.99% | 11.67% | 0.58% | -0.15% | -2.12% | -1.21% | 0.30% | 14.37% | 1.07% | -0.75% | 0.65% | -5.40% | -5.30% | 0.68% | 0.56% | -3.86% | -5.28% |
9 analysts predict TPIC's average Quarter EBITDA for Jun 23 to be $-5.33M, with a high of $-4.78M and a low of $-5.91M. This is -191.17% lower than TPI Composites's previous annual EBITDA (Mar 23) of $5.85M.
TPI Composites Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 4 | 5 | 4 | 5 | 2 | 7 | 8 | 4 | 3 | 4 | 7 | 12 | 9 | 9 | 5 | 5 | 5 | 5 | 6 | 6 | 6 | 6 | 9 | 9 | 9 | 9 | 8 | 8 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | $-72.85M | $-80.83M | $-15.15M | $-26.65M | $-1.47M | $-5.51M | $-15.80M | $-87.28M | $-30.68M | $-39.80M | $-1.80M | $5.18M | $42.38M | $-66.10M | $-492.00K | $-861.00K | $-4.57M |
| Avg Forecast | $1.57M | $3.89M | $5.07M | $904.37K | $-8.59M | $-10.13M | $-13.36M | $-14.38M | $-19.72M | $-13.28M | $-33.52M | $-3.71M | $-43.52M | $-29.52M | $-62.30M | $-3.37M | $-61.21M | $-14.24M | $-18.64M | $-3.06M | $-72.94M | $2.75M | $-31.91M | $-2.79M | $8.34M | $9.23M | $-11.33M | $-871.76K | $283.88K | $-421.31K |
| High Forecast | $1.79M | $4.44M | $5.79M | $1.03M | $-7.45M | $-8.78M | $-11.58M | $-7.41M | $-16.05M | $-11.51M | $-29.05M | $-2.97M | $-26.78M | $-19.85M | $-54.00M | $-2.70M | $-48.97M | $-14.24M | $-18.64M | $-2.45M | $-72.94M | $2.75M | $-31.91M | $-2.23M | $8.34M | $9.23M | $-11.33M | $-697.41K | $283.88K | $-421.31K |
| Low Forecast | $1.36M | $3.37M | $4.39M | $783.86K | $-9.80M | $-11.56M | $-15.25M | $-23.52M | $-26.60M | $-15.15M | $-38.25M | $-4.45M | $-56.43M | $-41.73M | $-71.09M | $-4.04M | $-73.45M | $-14.24M | $-18.64M | $-3.68M | $-72.94M | $2.75M | $-31.91M | $-3.34M | $8.34M | $9.23M | $-11.33M | $-1.05M | $283.88K | $-421.31K |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 2.47% | 1.30% | 4.49% | 0.44% | 0.10% | 0.30% | 5.16% | 1.20% | -11.14% | 1.25% | 0.65% | 0.62% | 4.59% | 5.84% | 0.56% | -3.03% | 10.85% |
TPI Composites's average Quarter net income forecast for Mar 21 is $-2.79M, with a range of $-3.34M to $-2.23M. TPIC's average Quarter net income forecast represents a -153.73% decrease compared to the company's last Quarter net income of $5.18M (Dec 20).
TPI Composites SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 4 | 5 | 4 | 5 | 2 | 7 | 8 | 4 | 3 | 4 | 7 | 12 | 9 | 9 | 5 | 5 | 5 | 5 | 6 | 6 | 6 | 6 | 9 | 9 | 9 | 9 | 8 | 8 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | $28.71M | $6.77M | $7.03M | $9.77M | $8.03M | $6.69M | $7.86M | $5.43M | $8.19M | $6.71M | $8.92M | $7.85M | $9.26M | $6.89M | $9.50M | $12.12M | $10.61M |
| Avg Forecast | $11.53M | $11.65M | $11.68M | $10.89M | $10.26M | $9.81M | $9.55M | $8.82M | $8.75M | $8.63M | $7.44M | $18.41M | $8.21M | $9.10M | $9.30M | $16.73M | $3.81M | $11.22M | $10.23M | $15.21M | $9.16M | $11.44M | $10.77M | $13.83M | $10.67M | $9.68M | $7.24M | $16.83M | $9.85M | $9.42M |
| High Forecast | $12.78M | $12.91M | $12.95M | $12.07M | $11.38M | $10.87M | $10.59M | $9.40M | $9.34M | $8.69M | $7.44M | $22.09M | $8.50M | $9.62M | $10.31M | $20.08M | $4.57M | $11.22M | $10.23M | $18.25M | $9.16M | $11.44M | $10.77M | $16.59M | $10.67M | $9.68M | $7.24M | $20.19M | $9.85M | $9.42M |
| Low Forecast | $10.35M | $10.45M | $10.48M | $9.77M | $9.21M | $8.80M | $8.57M | $7.80M | $8.43M | $8.57M | $7.44M | $14.73M | $8.05M | $8.83M | $8.35M | $13.39M | $3.04M | $11.22M | $10.23M | $12.17M | $9.16M | $11.44M | $10.77M | $11.06M | $10.67M | $9.68M | $7.24M | $13.46M | $9.85M | $9.42M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 3.15% | 0.73% | 0.42% | 2.57% | 0.72% | 0.65% | 0.52% | 0.59% | 0.72% | 0.62% | 0.65% | 0.74% | 0.96% | 0.95% | 0.56% | 1.23% | 1.13% |
TPI Composites's average Quarter SG&A projection for Dec 23 is $8.21M, based on 7 Wall Street analysts, with a range of $8.05M to $8.50M. The forecast indicates a -71.40% fall compared to TPIC last annual SG&A of $28.71M (Sep 23).
TPI Composites EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 4 | 5 | 4 | 5 | 2 | 7 | 8 | 4 | 3 | 4 | 7 | 12 | 9 | 9 | 5 | 5 | 5 | 5 | 6 | 6 | 6 | 6 | 9 | 9 | 9 | 9 | 8 | 8 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | $-1.71 | $-1.90 | $-0.36 | $-0.63 | $-0.03 | $-0.13 | $-0.38 | $-2.23 | $-0.83 | $-1.08 | $-0.05 | $0.14 | $1.19 | $-1.87 | $-0.01 | $-0.02 | $-0.13 |
| Avg Forecast | $0.03 | $0.08 | $0.11 | $0.02 | $-0.18 | $-0.21 | $-0.28 | $-0.30 | $-0.41 | $-0.28 | $-0.70 | $-0.71 | $-0.92 | $-0.62 | $-1.31 | $-0.48 | $-0.71 | $-0.30 | $-0.39 | $-0.76 | $-1.54 | $0.06 | $-0.67 | $-0.16 | $0.18 | $0.19 | $-0.24 | $-0.32 | $0.01 | $-0.01 |
| High Forecast | $0.04 | $0.09 | $0.12 | $0.02 | $-0.16 | $-0.18 | $-0.24 | $-0.16 | $-0.34 | $-0.24 | $-0.61 | $-0.62 | $-0.56 | $-0.42 | $-1.14 | $-0.42 | $-0.62 | $-0.30 | $-0.39 | $-0.76 | $-1.54 | $0.06 | $-0.67 | $-0.16 | $0.18 | $0.19 | $-0.24 | $-0.32 | $0.01 | $-0.01 |
| Low Forecast | $0.03 | $0.07 | $0.09 | $0.02 | $-0.21 | $-0.24 | $-0.32 | $-0.49 | $-0.56 | $-0.32 | $-0.80 | $-0.81 | $-1.19 | $-0.88 | $-1.49 | $-0.55 | $-0.81 | $-0.30 | $-0.39 | $-0.76 | $-1.54 | $0.06 | $-0.67 | $-0.16 | $0.18 | $0.19 | $-0.24 | $-0.32 | $0.01 | $-0.01 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 2.76% | 1.45% | 0.75% | 0.89% | 0.12% | 0.33% | 0.50% | 1.45% | -14.32% | 1.61% | 0.31% | 0.80% | 6.13% | 7.84% | 0.03% | -3.35% | 14.66% |
According to 6 Wall Street analysts, TPI Composites's projected average Quarter EPS for Mar 21 is $-0.16, with a low estimate of $-0.16 and a high estimate of $-0.16. This represents a -214.71% decrease compared to TPIC previous annual EPS of $0.14 (Dec 20).
TPI Composites Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| TPIC | TPI Composites | $1.20 | $5.00 | 316.67% | Buy |
| BW | Babcock & Wilcox Enterprises | $1.74 | $6.50 | 273.56% | Buy |
| HI | Hillenbrand | $30.81 | $54.00 | 75.27% | Buy |
| FELE | Franklin Electric | $103.99 | $120.00 | 15.40% | Buy |
| DCI | Donaldson Company | $70.92 | $81.00 | 14.21% | Hold |
| CR | Crane NXT | $159.67 | $178.50 | 11.79% | Buy |
| CSWI | CSW Industrials | $379.74 | $410.00 | 7.97% | Hold |
| ITT | ITT | $149.06 | $159.00 | 6.67% | Buy |
| JBT | John Bean | $121.00 | $128.00 | 5.79% | Buy |
| IEX | IDEX | $222.19 | $232.00 | 4.42% | Buy |
| FLS | Flowserve | $59.83 | $60.20 | 0.62% | Buy |
| WTS | Watts Water | $214.76 | $212.00 | -1.29% | Buy |
| KAI | Kadant | $354.25 | $300.00 | -15.31% | |
| EPAC | Enerpac Tool Group | $47.35 | $23.00 | -51.43% | Hold |