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NASDAQ: ENVX
Enovix Corp Stock Forecast, Predictions & Price Target

Analyst price target for ENVX

Based on 6 analysts offering 12 month price targets for Enovix Corp.
Min Forecast
$12.00-25.23%
Avg Forecast
$19.00+18.38%
Max Forecast
$30.00+86.92%

Should I buy or sell ENVX stock?

Based on 6 analysts offering ratings for Enovix Corp.
Strong Buy
Strong Buy
5 analysts 83.33%
Buy
1 analysts 16.67%
Hold
0 analysts 0%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

Be the first to know when Wall Street analysts revise their ENVX stock forecasts and price targets.

ENVX stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
lockedlocked$00.00+00.00%2024-06-27
lockedlocked$00.00+00.00%2024-05-02
lockedlocked$00.00+00.00%2024-05-02Find Out Why
lockedlocked$00.00+00.00%2024-04-30
lockedlocked$00.00+00.00%2024-04-26
Cantor Fitzgerald
Bottom 15%
15
Strong BuyReiterates$30.00+86.92%2024-04-25

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Forecast return on equity

Is ENVX forecast to generate an efficient return?
Company
8.16%
Industry
2.4%
Market
80.39%
ENVX's Return on Equity is... subscribe to Premium to read more.
Forecast High Return on Equity Forecast

Forecast return on assets

Is ENVX forecast to generate an efficient return on assets?
Company
3.67%
Industry
-0.35%
ENVX is forecast to generate... subscribe to Premium to read more.
Forecast Return on Assets vs Industry Forecast

ENVX earnings per share forecast

What is ENVX's earnings per share in the next 3 years based on estimates from 5 analysts?
Avg 1 year Forecast
-$1.15
Avg 2 year Forecast
-$0.84
Avg 3 year Forecast
-$0.62

ENVX revenue forecast

What is ENVX's revenue in the next 3 years based on estimates from 8 analysts?
Avg 1 year Forecast
$20.6M+59.57%
Avg 2 year Forecast
$84.3M+553.61%
Avg 3 year Forecast
$336.7M+2,511.05%
ENVX's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

ENVX revenue growth forecast

How is ENVX forecast to perform vs Electrical Equipment & Parts companies and vs the US market?
Company
179.9%
Industry
71.76%
Market
11.29%
ENVX's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
ENVX's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

ENVX vs Electrical Equipment & Part Stocks

TickerPricePrice TargetUp/downsideConsensus
ENVX$16.05$19.00+18.38%Strong Buy
HAYW$12.29$13.50+9.85%Hold
ENR$30.52$31.40+2.88%Hold
PLUG$2.92$5.45+86.75%Hold
BE$14.65$14.69+0.29%Buy

Enovix Stock Forecast FAQ

Is Enovix Stock a good buy in 2024, according to Wall Street analysts?

The consensus among 6 Wall Street analysts covering (NASDAQ: ENVX) stock is to Strong Buy ENVX stock.

Out of 6 analysts, 5 (83.33%) are recommending ENVX as a Strong Buy, 1 (16.67%) are recommending ENVX as a Buy, 0 (0%) are recommending ENVX as a Hold, 0 (0%) are recommending ENVX as a Sell, and 0 (0%) are recommending ENVX as a Strong Sell.

If you're new to stock investing, here's how to buy Enovix stock.

What is ENVX's earnings growth forecast for 2024-2026?

(NASDAQ: ENVX) Enovix's forecast annual earnings growth rate of N/A is not forecast to beat the US Electrical Equipment & Parts industry's average forecast earnings growth rate of 0.3%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 18.72%.

Enovix's earnings in 2024 is -$186,836,000.On average, 5 Wall Street analysts forecast ENVX's earnings for 2024 to be -$194,820,057, with the lowest ENVX earnings forecast at -$217,600,064, and the highest ENVX earnings forecast at -$171,700,051. On average, 5 Wall Street analysts forecast ENVX's earnings for 2025 to be -$142,460,042, with the lowest ENVX earnings forecast at -$171,700,051, and the highest ENVX earnings forecast at -$115,600,034.

In 2026, ENVX is forecast to generate -$105,400,031 in earnings, with the lowest earnings forecast at -$112,200,033 and the highest earnings forecast at -$95,200,028.

What is ENVX's revenue growth forecast for 2024-2026?

(NASDAQ: ENVX) Enovix's forecast annual revenue growth rate of 179.9% is forecast to beat the US Electrical Equipment & Parts industry's average forecast revenue growth rate of 71.76%, and it is also forecast to beat the US market's average forecast revenue growth rate of 11.29%.

Enovix's revenue in 2024 is $12,895,000.On average, 8 Wall Street analysts forecast ENVX's revenue for 2024 to be $3,497,921,029, with the lowest ENVX revenue forecast at $1,700,000,500, and the highest ENVX revenue forecast at $4,165,001,225. On average, 8 Wall Street analysts forecast ENVX's revenue for 2025 to be $14,328,114,214, with the lowest ENVX revenue forecast at $7,599,002,235, and the highest ENVX revenue forecast at $22,695,006,675.

In 2026, ENVX is forecast to generate $57,238,166,835 in revenue, with the lowest revenue forecast at $28,288,008,320 and the highest revenue forecast at $77,987,522,938.

What is ENVX's forecast return on assets (ROA) for 2024-2027?

(NASDAQ: ENVX) forecast ROA is 3.67%, which is higher than the forecast US Electrical Equipment & Parts industry average of -0.35%.

What is ENVX's Price Target?

According to 6 Wall Street analysts that have issued a 1 year ENVX price target, the average ENVX price target is $19.00, with the highest ENVX stock price forecast at $30.00 and the lowest ENVX stock price forecast at $12.00.

On average, Wall Street analysts predict that Enovix's share price could reach $19.00 by Jun 27, 2025. The average Enovix stock price prediction forecasts a potential upside of 18.38% from the current ENVX share price of $16.05.

What is ENVX's Earnings Per Share (EPS) forecast for 2024-2026?

(NASDAQ: ENVX) Enovix's current Earnings Per Share (EPS) is -$1.16. On average, analysts forecast that ENVX's EPS will be -$1.15 for 2024, with the lowest EPS forecast at -$1.28, and the highest EPS forecast at -$1.01. On average, analysts forecast that ENVX's EPS will be -$0.84 for 2025, with the lowest EPS forecast at -$1.01, and the highest EPS forecast at -$0.68. In 2026, ENVX's EPS is forecast to hit -$0.62 (min: -$0.66, max: -$0.56).

What is ENVX's forecast return on equity (ROE) for 2024-2027?

(NASDAQ: ENVX) forecast ROE is 8.16%, which is considered weak.
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