Enphase Energy (ENPH) Stock Forecast & Price Target

$66.29 +2.72 (+4.28%)

(As of 11/22/2024 ET)

Enphase Energy - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold

Based on 33 Analyst Ratings

Sell
4

Hold
15

Buy
14

Based on 33 Wall Street analysts who have issued ratings for Enphase Energy in the last 12 months, the stock has a consensus rating of "Hold." Out of the 33 analysts, 4 have given a sell rating, 15 have given a hold rating, and 14 have given a buy rating for ENPH.

Consensus Price Target

$101.13
52.55% Upside

According to the 33 analysts' twelve-month price targets for Enphase Energy, the average price target is $101.13. The highest price target for ENPH is $149.00, while the lowest price target for ENPH is $45.82. The average price target represents a forecasted upside of 52.55% from the current price of $66.29.

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ENPH Analyst Ratings Over Time

Type	Current Forecast 11/25/23 to 11/24/24	1 Month Ago 10/26/23 to 10/25/24	3 Months Ago 8/27/23 to 8/26/24	1 Year Ago 11/25/22 to 11/25/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	14 Buy rating(s)	16 Buy rating(s)	18 Buy rating(s)	15 Buy rating(s)
Hold	15 Hold rating(s)	13 Hold rating(s)	9 Hold rating(s)	14 Hold rating(s)
Sell	4 Sell rating(s)	3 Sell rating(s)	3 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$101.13	$111.26	$128.76	$178.17
Forecasted Upside	52.55% Upside	32.72% Upside	5.03% Upside	77.78% Upside
Consensus Rating	Hold	Hold	Moderate Buy	Hold

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ENPH Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

ENPH Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Enphase Energy Stock vs. The Competition

Type	Enphase Energy	Oils/Energy Companies	S&P 500
Consensus Rating Score	2.30	2.63	2.50
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	52.55% Upside	1,453.22% Upside	7.66% Upside
News Sentiment Rating	Positive News See Recent ENPH News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

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Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/22/2024	Piper Sandler 2 of 5 stars		Lower Target	Neutral ➝ Neutral	$85.00 ➝ $70.00	+7.78%
11/22/2024	Royal Bank of Canada 4 of 5 stars	C. Dendrinos Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Sector Perform ➝ Sector Perform	$85.00 ➝ $71.00	+10.71%
11/19/2024	Canaccord Genuity Group 1 of 5 stars		Reiterated Rating	Hold ➝ Hold	$76.00 ➝ $76.00	+23.86%
11/19/2024	Northland Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$110.00 ➝ $90.00	+44.23%
11/15/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$93.00 ➝ $74.00	+16.43%
11/8/2024	Hsbc Global Res Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Yang Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Strong-Buy ➝ Hold
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11/8/2024	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold	$154.00 ➝ $81.00	+13.14%
11/8/2024	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Sutton Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Neutral	$88.00	+22.92%
11/7/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Underperform ➝ Underperform	$72.00 ➝ $62.00	-17.12%
11/7/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Hold ➝ Underperform	$93.00 ➝ $61.00	-18.46%
10/24/2024	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating	B. Perincheril Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Neutral ➝ Neutral	$104.00 ➝ $85.00	+3.71%
10/23/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$129.00 ➝ $114.00	+45.67%
10/23/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$130.00 ➝ $120.00	+52.52%
10/23/2024	Roth Mkm Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$130.00 ➝ $100.00	+24.12%
10/23/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$133.00 ➝ $125.00	+55.26%
10/23/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$170.00 ➝ $145.00	+80.10%
10/23/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$140.00 ➝ $130.00	+65.16%
10/23/2024	Craig Hallum Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$153.00 ➝ $123.00	+61.71%
10/23/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$134.00 ➝ $101.00	+9.51%
10/23/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy	$130.00 ➝ $120.00	+30.11%
10/23/2024	Janney Montgomery Scott Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Milligan Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Neutral	$83.00	-10.01%
10/23/2024	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Osha Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Neutral ➝ Sell	$73.00	-20.85%
10/22/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$114.00 ➝ $99.00	+8.86%
10/16/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$130.00 ➝ $110.00	+19.92%
10/14/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Market Perform ➝ Market Perform	$114.00 ➝ $104.00	+2.87%
8/29/2024	William Blair Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Dorsheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Market Perform
6/25/2024	Glj Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Sell	$45.82	-55.49%
4/24/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$141.00 ➝ $130.00	+19.68%
4/22/2024	B. Riley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$121.00 ➝ $149.00	+37.20%
4/19/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$150.00 ➝ $148.00	+37.48%
4/17/2024	DZ Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Hold	$116.00	+2.32%
1/4/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Overweight ➝ Sector Weight
10/24/2023	Daiwa Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Neutral	$145.00 ➝ $100.00	+3.85%
10/19/2023	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Sector Outperform ➝ Sector Perform	$140.00	+13.05%
7/28/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold	$200.00 ➝ $165.00	-1.08%
7/20/2023	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Peer Perform
5/1/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$295.00 ➝ $260.00	+58.34%
2/8/2023	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$335.00 ➝ $341.00	+49.26%
1/24/2023	OTR Global Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Positive
12/15/2022	Susquehanna Bancshares Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Neutral	$365.00	+9.68%
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Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 10:48 AM ET.

ENPH Forecast - Frequently Asked Questions

: According to the research reports of 33 Wall Street equities research analysts, the average twelve-month stock price forecast for Enphase Energy is $101.13, with a high forecast of $149.00 and a low forecast of $45.82.
: 33 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Enphase Energy in the last year. There are currently 4 sell ratings, 15 hold ratings and 14 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" ENPH shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ENPH, but not buy additional shares or sell existing shares.
: According to analysts, Enphase Energy's stock has a predicted upside of 52.55% based on their 12-month stock forecasts.
: Over the previous 90 days, Enphase Energy's stock had 9 downgrades and 1 upgrade by analysts.
: Enphase Energy has been rated by research analysts at Bank of America, Barclays, BMO Capital Markets, BNP Paribas, Canaccord Genuity Group, Canaccord Genuity Group, Citigroup, Craig Hallum, Evercore ISI, Guggenheim, Hsbc Global Res, HSBC, Janney Montgomery Scott, Jefferies Financial Group, JPMorgan Chase & Co., Morgan Stanley, Northland Securities, Oppenheimer, Piper Sandler, Raymond James, Roth Mkm, Royal Bank of Canada, Susquehanna, TD Cowen, The Goldman Sachs Group, Truist Financial, and William Blair in the past 90 days.
: Analysts like Enphase Energy less than other "oils/energy" companies. The consensus rating for Enphase Energy is Hold while the average consensus rating for "oils/energy" companies is Moderate Buy. Learn more on how ENPH compares to other companies.

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This page (NASDAQ:ENPH) was last updated on 11/24/2024 by MarketBeat.com Staff

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Enphase Energy (ENPH) Stock Forecast & Price Target