Enphase Energy (ENPH) Stock Forecast & Price Target

$119.74

+1.21 (+1.02%)

(As of 09/18/2024 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 31 Analyst Ratings

Based on 31 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 31 analysts, 3 have given a sell rating, 10 have given a hold rating, and 18 have given a buy rating for ENPH.

Consensus Price Target

$128.89
7.64% Upside

High Forecast	$175.00
Average Forecast	$128.89
Low Forecast	$45.82

According to the 31 analysts' twelve-month price targets for Enphase Energy, the average price target is $128.89. The highest price target for ENPH is $175.00, while the lowest price target for ENPH is $45.82. The average price target represents a forecasted upside of 7.64% from the current price of $119.74.

Type	Current Forecast 9/20/23 to 9/19/24	1 Month Ago 8/21/23 to 8/20/24	3 Months Ago 6/22/23 to 6/21/24	1 Year Ago 9/20/22 to 9/20/23
Consensus Rating	Hold	Moderate Buy	Hold	Moderate Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	18 Buy rating(s)	18 Buy rating(s)	17 Buy rating(s)	19 Buy rating(s)
Hold	10 Hold rating(s)	9 Hold rating(s)	12 Hold rating(s)	7 Hold rating(s)
Sell	3 Sell rating(s)	3 Sell rating(s)	2 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$128.89	$128.96	$136.55	$234.17
Forecasted Upside	7.64% Upside	16.79% Upside	18.71% Upside	25.90% Upside

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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	2.48	2.59	2.50
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	7.64% Upside	204.88% Upside	7.94% Upside
News Sentiment Rating	Positive 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
9/4/2024	Jefferies Financial Group 2 of 5 stars		Reiterated Rating	Hold ➝ Hold	$111.00 ➝ $115.00	+2.22%
8/29/2024	William Blair 2 of 5 stars	J. Dorsheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Market Perform
8/21/2024	Morgan Stanley 3 of 5 stars		Boost Target	Equal Weight ➝ Equal Weight	$98.00 ➝ $100.00	-14.52%
8/7/2024	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Sutton Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Outperform	$120.00 ➝ $144.00	+41.83%
7/25/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$131.00 ➝ $129.00	+10.34%
7/24/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$130.00 ➝ $125.00	+9.51%
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7/24/2024	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy	$150.00 ➝ $140.00	+18.91%
7/24/2024	Roth Mkm Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$140.00 ➝ $140.00	+19.76%
7/24/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Market Perform ➝ Market Perform	$110.00 ➝ $115.00	+4.26%
7/24/2024	Craig Hallum Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$147.00 ➝ $153.00	+38.71%
7/24/2024	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sell ➝ Sell	$92.00 ➝ $93.00	-10.27%
7/22/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$111.00 ➝ $120.00	+13.79%
7/17/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Underperform ➝ Underperform	$71.00 ➝ $70.00	-35.70%
7/16/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$124.00 ➝ $130.00	+16.81%
7/15/2024	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Positive ➝ Positive	$140.00 ➝ $147.00	+32.19%
6/25/2024	Glj Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Sell	$45.82	-55.49%
6/10/2024	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$166.00	+35.23%
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%
4/24/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$133.00 ➝ $134.00	+18.08%
4/24/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	$140.00 ➝ $145.00	+27.78%
4/23/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$145.00 ➝ $130.00	+14.18%
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%
4/5/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Neutral	$126.00 ➝ $121.00	+0.18%
1/4/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Overweight ➝ Sector Weight
10/30/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$180.00 ➝ $158.00	+91.28%
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%
10/3/2023	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$225.00 ➝ $175.00	+56.33%
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
6/28/2023	Northland Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$300.00 ➝ $235.00	+45.94%
5/1/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$295.00 ➝ $260.00	+58.34%
4/26/2023	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$325.00 ➝ $275.00	+24.66%
2/27/2023	Janney Montgomery Scott Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Buy	$282.00	+41.74%
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%
10/26/2022	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$278.00 ➝ $335.00	+12.79%
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10/26/2022	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	$275.00 ➝ $335.00	+10.90%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 05:26 AM ET.

ENPH Forecast - Frequently Asked Questions

What is Enphase Energy's forecast for 2024?: According to the research reports of 31 Wall Street equities research analysts, the average twelve-month stock price forecast for Enphase Energy is $128.89, with a high forecast of $175.00 and a low forecast of $45.82.
Should I buy or sell Enphase Energy stock right now?: 31 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Enphase Energy in the last twelve months. There are currently 3 sell ratings, 10 hold ratings and 18 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.
Does Enphase Energy's stock price have much upside?: According to analysts, Enphase Energy's stock has a predicted upside of 16.63% based on their 12-month stock forecasts.
Has Enphase Energy been upgraded by Wall Street analysts recently?: Over the previous 90 days, Enphase Energy's stock had 1 upgrade by analysts.
What analysts cover Enphase Energy?: Enphase Energy has been rated by research analysts at Bank of America, Barclays, BMO Capital Markets, BNP Paribas, Canaccord Genuity Group, Canaccord Genuity Group, Craig Hallum, Glj Research, Guggenheim, Jefferies Financial Group, JPMorgan Chase & Co., Morgan Stanley, Piper Sandler, Roth Mkm, Royal Bank of Canada, Susquehanna, and William Blair in the past 90 days.
Do Wall Street analysts like Enphase Energy more than its competitors?: 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.