Enovix (ENVX) Stock Forecast & Price Target

$9.01 +0.08 (+0.90%)

(As of 11/20/2024 ET)

Enovix - 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

Moderate Buy

Based on 11 Analyst Ratings

Sell
0

Hold
2

Buy
9

Based on 11 Wall Street analysts who have issued ratings for Enovix in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 11 analysts, 2 have given a hold rating, 8 have given a buy rating, and 1 has given a strong buy rating for ENVX.

Consensus Price Target

$20.50
127.52% Upside

According to the 11 analysts' twelve-month price targets for Enovix, the average price target is $20.50. The highest price target for ENVX is $36.00, while the lowest price target for ENVX is $10.00. The average price target represents a forecasted upside of 127.52% from the current price of $9.01.

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ENVX Analyst Ratings Over Time

Type	Current Forecast 11/22/23 to 11/21/24	1 Month Ago 10/23/23 to 10/22/24	3 Months Ago 8/24/23 to 8/23/24	1 Year Ago 11/22/22 to 11/22/23
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	8 Buy rating(s)	8 Buy rating(s)	7 Buy rating(s)	7 Buy rating(s)
Hold	2 Hold rating(s)	1 Hold rating(s)	1 Hold rating(s)	1 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$20.50	$21.67	$19.50	$27.11
Forecasted Upside	127.52% Upside	92.25% Upside	84.48% Upside	147.59% Upside
Consensus Rating	Moderate Buy	Buy	Buy	Moderate Buy

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ENVX 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.

ENVX 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.

Enovix Stock vs. The Competition

Type	Enovix	Oils/Energy Companies	S&P 500
Consensus Rating Score	2.91	2.62	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	127.52% Upside	1,433.20% Upside	9.83% Upside
News Sentiment Rating	Positive News See Recent ENVX News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
10/31/2024	Janney Montgomery Scott 2 of 5 stars	S. Milligan Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Neutral	$10.00	-4.58%
10/30/2024	Cantor Fitzgerald 3 of 5 stars		Reiterated Rating	Overweight ➝ Overweight	$30.00 ➝ $30.00	+159.97%
10/30/2024	Benchmark 2 of 5 stars	M. Legg Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy ➝ Buy	$25.00 ➝ $25.00	+119.30%
10/22/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$18.00 ➝ $15.00	+31.23%
8/26/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$36.00 ➝ $36.00	+247.16%
8/5/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Overweight ➝ Overweight	$23.00 ➝ $19.00	+76.74%
Get the Latest News and Ratings for ENVX and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Enovix and its competitors with MarketBeat's FREE daily newsletter.
8/1/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$11.00 ➝ $14.00	+21.11%
8/1/2024	Craig Hallum Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$15.00 ➝ $20.00	+64.20%
8/1/2024	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$17.00 ➝ $20.00	+56.25%
6/25/2024	B. Riley Subscribe to MarketBeat All Access for the recommendation accuracy rating	R. Pfingst Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
5/2/2024	William Blair Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform
5/5/2023	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$64.00 ➝ $67.00	+469.24%
3/29/2023	EF Hutton Acquisition Co. I Subscribe to MarketBeat All Access for the recommendation accuracy rating	Chip Moore Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy	$18.00	+34.73%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 06:27 AM ET.

ENVX Forecast - Frequently Asked Questions

: According to the research reports of 11 Wall Street equities research analysts, the average twelve-month stock price forecast for Enovix is $20.50, with a high forecast of $36.00 and a low forecast of $10.00.
: 11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Enovix in the last twelve months. There are currently 2 hold ratings, 8 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" ENVX shares.
: According to analysts, Enovix's stock has a predicted upside of 127.52% based on their 12-month stock forecasts.
: Over the previous 90 days, Enovix's stock had 1 downgrade by analysts.
: Enovix has been rated by research analysts at Benchmark, Cantor Fitzgerald, Janney Montgomery Scott, JPMorgan Chase & Co., and Oppenheimer in the past 90 days.
: Analysts like Enovix more than other "oils/energy" companies. The consensus rating score for Enovix is 2.91 while the average consensus rating score for "oils/energy" companies is 2.62. Learn more on how ENVX compares to other companies.

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This page (NASDAQ:ENVX) was last updated on 11/21/2024 by MarketBeat.com Staff

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Enovix (ENVX) Stock Forecast & Price Target