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Enphase Energy (ENPH) Stock Forecast & Price Target

$105.95
-0.84 (-0.79%)
(As of 10/4/2024 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

Sell
3
Hold
10
Buy
17

Based on 30 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 30 analysts, 3 have given a sell rating, 10 have given a hold rating, and 17 have given a buy rating for ENPH.

Consensus Price Target

$126.42
19.32% Upside
According to the 30 analysts' twelve-month price targets for Enphase Energy, the average price target is $126.42. The highest price target for ENPH is $166.00, while the lowest price target for ENPH is $45.82. The average price target represents a forecasted upside of 19.32% from the current price of $105.95.
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ENPH Analyst Ratings Over Time

TypeCurrent Forecast
10/6/23 to 10/5/24
1 Month Ago
9/6/23 to 9/5/24
3 Months Ago
7/8/23 to 7/7/24
1 Year Ago
10/6/22 to 10/6/23
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)
18 Buy rating(s)
17 Buy rating(s)
19 Buy rating(s)
Hold
10 Hold rating(s)
10 Hold rating(s)
12 Hold rating(s)
7 Hold rating(s)
Sell
3 Sell rating(s)
3 Sell rating(s)
3 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$126.42$128.89$130.45$227.41
Forecasted Upside19.32% Upside15.00% Upside34.29% Upside90.85% Upside
Consensus Rating
Hold
Hold
Hold
Moderate Buy

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
2.47
2.61
2.50
Consensus RatingHoldModerate BuyHold
Predicted Upside20.02% Upside203.59% Upside6.98% Upside
News Sentiment Rating
Positive News

See Recent ENPH News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
10/4/2024Guggenheim
3 of 5 stars
 Lower TargetSell ➝ Sell$93.00 ➝ $90.00-15.03%
10/2/2024BMO Capital Markets
4 of 5 stars
 Lower TargetMarket Perform ➝ Market Perform$115.00 ➝ $114.00+4.88%
9/4/2024Jefferies Financial Group
2 of 5 stars
 Reiterated RatingHold ➝ Hold$111.00 ➝ $115.00+2.22%
8/29/2024William Blair
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J. Dorsheimer
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Initiated CoverageMarket Perform
8/21/2024Morgan Stanley
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 Boost TargetEqual Weight ➝ Equal Weight$98.00 ➝ $100.00-14.52%
8/7/2024BNP Paribas
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M. Sutton
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UpgradeNeutral ➝ Outperform$120.00 ➝ $144.00+41.83%
7/25/2024Barclays
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 Lower TargetOverweight ➝ Overweight$131.00 ➝ $129.00+10.34%
7/24/2024Royal Bank of Canada
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 Lower TargetOutperform ➝ Outperform$130.00 ➝ $125.00+9.51%
7/24/2024Canaccord Genuity Group
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 Lower TargetBuy$150.00 ➝ $140.00+18.91%
7/24/2024Roth Mkm
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 Reiterated RatingBuy ➝ Buy$140.00 ➝ $140.00+19.76%
7/24/2024Craig Hallum
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 Boost TargetBuy ➝ Buy$147.00 ➝ $153.00+38.71%
7/22/2024Piper Sandler
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 Boost TargetNeutral ➝ Neutral$111.00 ➝ $120.00+13.79%
7/17/2024Bank of America
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 Lower TargetUnderperform ➝ Underperform$71.00 ➝ $70.00-35.70%
7/16/2024JPMorgan Chase & Co.
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 Boost TargetOverweight ➝ Overweight$124.00 ➝ $130.00+16.81%
7/15/2024Susquehanna
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 Boost TargetPositive ➝ Positive$140.00 ➝ $147.00+32.19%
6/25/2024Glj Research
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 Initiated CoverageSell$45.82-55.49%
6/10/2024HSBC
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 UpgradeHold ➝ Buy$166.00+35.23%
4/24/2024Wells Fargo & Company
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 Lower TargetOverweight ➝ Overweight$141.00 ➝ $130.00+19.68%
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%
4/23/2024Truist 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%
4/5/2024Citigroup
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 DowngradeBuy ➝ Neutral$126.00 ➝ $121.00+0.18%
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%
10/19/2023Scotiabank
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 DowngradeSector Outperform ➝ Sector Perform$140.00+13.05%
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%
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10/26/2022Needham & Company LLC
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 Boost TargetBuy$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 Saturday at 06:09 AM ET.


ENPH Forecast - Frequently Asked Questions

According to the research reports of 30 Wall Street equities research analysts, the average twelve-month stock price forecast for Enphase Energy is $126.42, with a high forecast of $166.00 and a low forecast of $45.82.

30 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, 10 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.

According to analysts, Enphase Energy's stock has a predicted upside of 19.32% based on their 12-month stock forecasts.

Over the previous 90 days, Enphase Energy's stock had 1 upgrade by analysts.

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 10/5/2024 by MarketBeat.com Staff
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