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

OverviewForecast
EarningsDividendOwnership

Analyst price target for ENVX

Based on 7 analysts offering 12 month price targets for Enovix Corp.
Min Forecast
$20.00+79.37%
Avg Forecast
$23.71+112.68%
Max Forecast
$30.00+169.06%

Should I buy or sell ENVX stock?

Based on 7 analysts offering ratings for Enovix Corp.
Strong Buy
Strong Buy
5 analysts 71.43%
Buy
1 analysts 14.29%
Hold
1 analysts 14.29%
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%2023-11-08
lockedlocked$00.00+00.00%2023-09-21
lockedlocked$00.00+00.00%2023-07-27
lockedlocked$00.00+00.00%2023-07-21
lockedlocked$00.00+00.00%2023-07-20
EF Hutton
Bottom 15%
15
Strong BuyAssumes$21.00+92.31%2023-07-05
Canaccord Genuity
Bottom 7%
7
Strong BuyReiterates$20.00+83.15%2023-06-16

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Forecast return on equity

Is ENVX forecast to generate an efficient return?
Company
N/A
Industry
0.12%
Market
30.3%

Forecast return on assets

Is ENVX forecast to generate an efficient return on assets?
Company
N/A
Industry
0.04%

ENVX revenue forecast

What is ENVX's revenue in the next 3 years based on estimates from 7 analysts?
Avg 1 year Forecast
$2.8M+108.48%
Avg 2 year Forecast
$21.8M+1,505.01%
Avg 3 year Forecast
$144.8M+10,581.12%
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
348.16%
Industry
55.18%
Market
7.56%
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$10.92$23.71+117.16%Strong Buy
ENR$31.17$35.33+13.36%Hold
HOLI$23.06N/AN/A
PLUG$3.84$7.45+94.01%Buy
HAYW$11.85$13.50+13.92%Buy
View Top Electrical Equipment & Part Stocks

Enovix Stock Forecast FAQ

Is Enovix Stock a good buy in 2023, according to Wall Street analysts?

The consensus among 7 Wall Street analysts covering (NASDAQ: ENVX) stock is to Strong Buy ENVX stock.

Out of 7 analysts, 5 (71.43%) are recommending ENVX as a Strong Buy, 1 (14.29%) are recommending ENVX as a Buy, 1 (14.29%) 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 revenue growth forecast for 2023-2025?

(NASDAQ: ENVX) Enovix's forecast annual revenue growth rate of 348.16% is forecast to beat the US Electrical Equipment & Parts industry's average forecast revenue growth rate of 55.18%, and it is also forecast to beat the US market's average forecast revenue growth rate of 7.56%.

Enovix's revenue in 2023 is $1,356,000.On average, 7 Wall Street analysts forecast ENVX's revenue for 2023 to be $474,297,474, with the lowest ENVX revenue forecast at $73,820,619, and the highest ENVX revenue forecast at $637,541,705. On average, 7 Wall Street analysts forecast ENVX's revenue for 2024 to be $3,651,436,231, with the lowest ENVX revenue forecast at $1,677,741,330, and the highest ENVX revenue forecast at $4,568,489,642.

In 2025, ENVX is forecast to generate $24,299,734,327 in revenue, with the lowest revenue forecast at $16,777,413,300 and the highest revenue forecast at $35,022,850,264.

What is ENVX's forecast return on assets (ROA) for 2023-2026?

(NASDAQ: ENVX) forecast ROA is N/A, which is lower than the forecast US Electrical Equipment & Parts industry average of 0.04%.

What is ENVX's Price Target?

According to 7 Wall Street analysts that have issued a 1 year ENVX price target, the average ENVX price target is $23.71, with the highest ENVX stock price forecast at $30.00 and the lowest ENVX stock price forecast at $20.00.

On average, Wall Street analysts predict that Enovix's share price could reach $23.71 by Nov 8, 2024. The average Enovix stock price prediction forecasts a potential upside of 117.16% from the current ENVX share price of $10.92.

What is ENVX's forecast return on equity (ROE) for 2023-2026?

(NASDAQ: ENVX) forecast ROE is N/A, which is considered weak.
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