Enovix (ENVX) Stock Forecast & Price Target

$8.49

-0.76 (-8.22%)

(As of 05:36 PM 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

Buy
Based on 10 Analyst Ratings

Based on 10 Wall Street analysts who have issued ratings for Enovix in the last 12 months, the stock has a consensus rating of "Buy." Out of the 10 analysts, 1 has given a hold rating, 8 have given a buy rating, and 1 has given a strong buy rating for ENVX.

Consensus Price Target

$21.33
151.28% Upside

High Forecast	$36.00
Average Forecast	$21.33
Low Forecast	$12.00

According to the 10 analysts' twelve-month price targets for Enovix, the average price target is $21.33. The highest price target for ENVX is $36.00, while the lowest price target for ENVX is $12.00. The average price target represents a forecasted upside of 151.28% from the current price of $8.49.

Type	Current Forecast 9/19/23 to 9/18/24	1 Month Ago 8/20/23 to 8/19/24	3 Months Ago 6/21/23 to 6/20/24	1 Year Ago 9/19/22 to 9/19/23
Consensus Rating	Buy	Buy	Moderate Buy	Moderate Buy
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	8 Buy rating(s)	7 Buy rating(s)	6 Buy rating(s)	8 Buy rating(s)
Hold	1 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	$21.33	$19.50	$18.33	$26.83
Forecasted Upside	151.28% Upside	73.46% Upside	82.88% Upside	92.10% Upside

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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	3.00	2.59	2.50
Consensus Rating	Buy	Moderate Buy	Moderate Buy
Predicted Upside	130.63% Upside	196.86% Upside	7.66% 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

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
8/26/2024	Oppenheimer 3 of 5 stars		Reiterated Rating	Outperform ➝ Outperform	$36.00 ➝ $36.00	+247.16%
8/5/2024	Piper Sandler 2 of 5 stars		Reiterated Rating	Overweight ➝ Overweight	$23.00 ➝ $19.00	+76.74%
8/1/2024	TD Cowen 4 of 5 stars		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	Cantor Fitzgerald Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Overweight ➝ Overweight	$30.00 ➝ $30.00	+146.31%
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%
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.
7/22/2024	Benchmark Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Legg Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$25.00	+60.46%
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
4/26/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$18.00 ➝ $12.00	+99.34%
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%
11/4/2022	Janney Montgomery Scott Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$23.00	+114.15%
11/2/2022	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$36.00 ➝ $25.00	+139.23%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 06:14 PM ET.

ENVX Forecast - Frequently Asked Questions

What is Enovix's forecast for 2024?: According to the research reports of 10 Wall Street equities research analysts, the average twelve-month stock price forecast for Enovix is $21.33, with a high forecast of $36.00 and a low forecast of $12.00.
Should I buy or sell Enovix stock right now?: 10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Enovix in the last twelve months. There is currently 1 hold rating, 8 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" ENVX shares.
Does Enovix's stock price have much upside?: According to analysts, Enovix's stock has a predicted upside of 91.51% based on their 12-month stock forecasts.
Has Enovix been upgraded by Wall Street analysts recently?: Over the previous 90 days, Enovix's stock had 1 upgrade by analysts.
What analysts cover Enovix?: Enovix has been rated by research analysts at B. Riley, Benchmark, Canaccord Genuity Group, Cantor Fitzgerald, Craig Hallum, Oppenheimer, Piper Sandler, and TD Cowen in the past 90 days.
Do Wall Street analysts like Enovix more than its competitors?: Analysts like Enovix more than other "oils/energy" companies. The consensus rating for Enovix is Buy while the average consensus rating for "oils/energy" companies is Moderate Buy. Learn more on how ENVX compares to other companies.