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Enphase Energy (ENPH) Stock Forecast & Price Target

$119.34
+7.66 (+6.86%)
(As of 07/12/2024 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

Consensus Price Target

$130.35
9.22% Upside
High Forecast$175.00
Average Forecast$130.35
Low Forecast$45.82
TypeCurrent Forecast
7/14/23 to 7/13/24
1 Month Ago
6/14/23 to 6/13/24
3 Months Ago
4/15/23 to 4/14/24
1 Year Ago
7/14/22 to 7/14/23
Consensus Rating
Hold
Hold
Moderate Buy
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
17 Buy rating(s)
17 Buy rating(s)
16 Buy rating(s)
23 Buy rating(s)
Hold
12 Hold rating(s)
12 Hold rating(s)
12 Hold rating(s)
5 Hold rating(s)
Sell
3 Sell rating(s)
2 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$130.35$136.68$151.03$276.38
Forecasted Upside9.22% Upside19.18% Upside26.15% Upside25.32% 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.
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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.
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Enphase Energy Stock vs. The Competition

TypeEnphase EnergyOils/Energy CompaniesS&P 500
Consensus Rating Score
2.44
2.57
2.50
Consensus RatingHoldModerate BuyModerate Buy
Predicted Upside9.22% Upside303.17% Upside9.18% Upside
News Sentiment RatingNeutral News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/12/2024Barclays
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 Lower TargetOverweight ➝ Overweight$134.00 ➝ $131.00+11.04%
6/25/2024Glj Research
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 Initiated CoverageSell$45.82-55.49%
6/20/2024JPMorgan Chase & Co.
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 Lower TargetOverweight ➝ Overweight$128.00 ➝ $124.00+4.19%
6/10/2024HSBC
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 UpgradeHold ➝ Buy$166.00+35.23%
5/31/2024Canaccord Genuity Group
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 Boost TargetBuy ➝ Buy$130.00 ➝ $150.00+19.16%
4/24/2024Craig Hallum
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 Lower TargetBuy ➝ Buy$159.00 ➝ $147.00+36.29%
4/24/2024Royal Bank of Canada
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 Lower TargetOutperform ➝ Outperform$140.00 ➝ $130.00+20.90%
4/24/2024Piper Sandler
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 Reiterated RatingNeutral ➝ Neutral$113.00 ➝ $111.00+2.19%
4/24/2024Wells Fargo & Company
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 Lower TargetOverweight ➝ Overweight$141.00 ➝ $130.00+19.68%
4/24/2024BMO Capital Markets
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 Lower TargetMarket Perform ➝ Market Perform$118.00 ➝ $113.00+4.03%
4/24/2024Jefferies Financial Group
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 DowngradeBuy ➝ Hold$135.00 ➝ $111.00+1.51%
4/24/2024Roth Mkm
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 Reiterated RatingBuy ➝ Buy$140.00 ➝ $140.00+28.59%
4/24/2024Oppenheimer
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 Boost TargetOutperform ➝ Outperform$133.00 ➝ $134.00+18.08%
4/24/2024TD Cowen
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 Boost TargetBuy$140.00 ➝ $145.00+27.78%
4/24/2024Guggenheim
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 DowngradeNeutral ➝ Sell$92.00-18.93%
4/23/2024Truist Financial
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 Lower TargetBuy ➝ Buy$145.00 ➝ $130.00+14.18%
4/22/2024B. Riley
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 Boost TargetBuy ➝ Buy$121.00 ➝ $149.00+37.20%
4/19/2024Mizuho
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 Lower TargetBuy ➝ Buy$150.00 ➝ $148.00+37.48%
4/17/2024DZ Bank
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 Initiated CoverageHold$116.00+2.32%
4/5/2024Susquehanna
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 Reiterated RatingPositive ➝ Positive$140.00+15.91%
4/5/2024Citigroup
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 DowngradeBuy ➝ Neutral$126.00 ➝ $121.00+0.18%
2/7/2024Morgan Stanley
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 Boost TargetEqual Weight ➝ Equal Weight$97.00 ➝ $106.00-9.63%
1/4/2024KeyCorp
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 Reiterated RatingOverweight ➝ Sector Weight
10/30/2023The Goldman Sachs Group
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 Lower TargetBuy ➝ Buy$180.00 ➝ $158.00+91.28%
10/24/2023Daiwa Capital Markets
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 DowngradeOutperform ➝ Neutral$145.00 ➝ $100.00+3.85%
10/20/2023BNP Paribas
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 Initiated CoverageNeutral$131.00+13.03%
10/19/2023Scotiabank
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 DowngradeSector Outperform ➝ Sector Perform$140.00+13.05%
10/12/2023Bank of America
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 Lower Target$114.00 ➝ $102.00-20.69%
10/3/2023Raymond James
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 Lower TargetOutperform ➝ Outperform$225.00 ➝ $175.00+56.33%
7/28/2023Deutsche Bank Aktiengesellschaft
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 DowngradeBuy ➝ Hold$200.00 ➝ $165.00-1.08%
7/20/2023Wolfe Research
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 DowngradeOutperform ➝ Peer Perform
6/28/2023Northland Securities
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 Lower Target$300.00 ➝ $235.00+45.94%
5/1/2023Credit Suisse Group
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 Lower Target$295.00 ➝ $260.00+58.34%
4/26/2023Evercore ISI
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 Lower Target$325.00 ➝ $275.00+24.66%
2/27/2023Janney Montgomery Scott
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 UpgradeNeutral ➝ Buy$282.00+41.74%
2/8/2023Cowen
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 Boost TargetOutperform$335.00 ➝ $341.00+49.26%
1/24/2023OTR Global
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 DowngradePositive
12/15/2022Susquehanna Bancshares
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 DowngradeNeutral$365.00+9.68%
10/26/2022Cowen
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 Boost Target$278.00 ➝ $335.00+12.79%
10/26/2022Needham & Company LLC
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 Boost TargetBuy$275.00 ➝ $335.00+10.90%
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7/31/2022Seaport Res Ptn
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T. Curran
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Reiterated RatingNeutral

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 12:04 PM ET.

ENPH Forecast - Frequently Asked Questions

What is Enphase Energy's forecast for 2024?

According to the research reports of 32 Wall Street equities research analysts, the average twelve-month stock price forecast for Enphase Energy is $130.35, with a high forecast of $175.00 and a low forecast of $45.82.

Should I buy or sell Enphase Energy stock right now?

32 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Enphase Energy in the last twelve months. There are currently 3 sell ratings, 12 hold ratings and 17 buy ratings for the stock. The consensus among Wall Street research 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 14.13% based on their 12-month stock forecasts.

Has Enphase Energy been upgraded or downgraded by Wall Street analysts recently?

Over the previous 90 days, Enphase Energy's stock had 2 upgrades and 2 downgrades by analysts.

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.


This page (NASDAQ:ENPH) was last updated on 7/13/2024 by MarketBeat.com Staff

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