Enovix (ENVX) Stock Forecast & Price Target

$10.16 +0.27 (+2.73%)

As of 02:57 PM Eastern

Enovix - Analysts' Recommendations and Stock Price Forecast (2025)

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
3

Buy
8

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, 3 have given a hold rating, and 8 have given a buy rating for ENVX.

Consensus Price Target

$17.27
70.01% Upside

According to the 11 analysts' twelve-month price targets for Enovix, the average price target is $17.27. The highest price target for ENVX is $36.00, while the lowest price target for ENVX is $7.00. The average price target represents a forecasted upside of 70.01% from the current price of $10.16.

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ENVX Analyst Ratings Over Time

Type	Current Forecast 6/30/24 to 6/30/25	1 Month Ago 5/31/24 to 5/31/25	3 Months Ago 4/1/24 to 4/1/25	1 Year Ago 7/1/23 to 6/30/24
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	8 Buy rating(s)	8 Buy rating(s)	8 Buy rating(s)	5 Buy rating(s)
Hold	3 Hold rating(s)	3 Hold rating(s)	2 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	$17.27	$17.27	$20.30	$18.33
Forecasted Upside	70.01% Upside	126.97% Upside	172.85% Upside	18.59% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Buy

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	Energy Companies	S&P 500
Consensus Rating Score	2.73	2.68	2.53
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	73.77% Upside	65.01% Upside	12.46% 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
5/1/2025	JPMorgan Chase & Co. 2 of 5 stars	Bill Peterson Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Overweight ➝ Overweight	$10.00 ➝ $9.00	+52.67%
5/1/2025	TD Securities 4 of 5 stars	Gabe Daoud Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Hold ➝ Hold	$10.00 ➝ $7.00	+7.59%
4/29/2025	B. Riley 2 of 5 stars	Christopher Souther Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy ➝ Buy	$17.00 ➝ $12.00	+75.31%
4/15/2025	Benchmark Subscribe to MarketBeat All Access for the recommendation accuracy rating	Mickey Legg Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy ➝ Buy	$25.00 ➝ $15.00	+151.47%
2/20/2025	Craig Hallum Subscribe to MarketBeat All Access for the recommendation accuracy rating	Anthony Stoss Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy ➝ Buy	$20.00 ➝ $18.00	+68.05%
2/20/2025	Cantor Fitzgerald Subscribe to MarketBeat All Access for the recommendation accuracy rating	Derek Soderberg Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Overweight ➝ Overweight	$30.00 ➝ $30.00	+176.93%
10/31/2024	Janney Montgomery Scott Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Milligan Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Neutral	$10.00	-4.58%
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%
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%
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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%
5/2/2024	William Blair Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 03:17 PM ET.

Should I Buy Enovix Stock? ENVX Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, June 18, 2025. Please send any questions or comments about these Enovix pros and cons to contact@marketbeat.com.

Enovix
Bull Case

Here are some ways that investors could benefit from investing in Enovix Corporation:

Enovix Corporation has received multiple "buy" ratings from analysts, indicating strong confidence in its future performance. This includes a recent target price adjustment from Craig Hallum, which set a target of $18.00, suggesting potential upside from current levels.
The company reported a revenue of $9.72 million in its latest quarterly earnings, exceeding analysts' expectations of $8.77 million. This positive revenue performance can indicate strong demand for its products, which may lead to future growth.
Enovix Corporation operates in the rapidly growing lithium-ion battery market, which is essential for various industries, including electric vehicles and consumer electronics. This positions the company well to capitalize on increasing demand for advanced battery technologies.
The stock is currently trading at $8.07, which is significantly below its 52-week high of $18.68. This may present a buying opportunity for investors looking for undervalued stocks with growth potential.
With a market capitalization of $1.55 billion and a debt-to-equity ratio of 0.99, Enovix Corporation maintains a relatively healthy balance sheet, which can provide stability and reduce financial risk for investors.

Enovix
Bear Case

Investors should be bearish about investing in Enovix Corporation for these reasons:

The company has a negative return on equity of 96.99% and a negative net margin of 963.17%, indicating that it is currently not profitable and may struggle to generate returns for shareholders in the near term.
Enovix Corporation's stock has recently experienced a decline of 2.8%, reflecting potential volatility and investor uncertainty regarding its future performance.
Despite positive revenue growth, analysts forecast a negative earnings per share (EPS) of -1.01 for the current fiscal year, suggesting that the company may continue to face challenges in achieving profitability.
Insider selling activity has been noted, with the CEO selling 300,000 shares, which could raise concerns among investors about the company's future prospects and insider confidence.
The average price target from analysts is $17.27, which is significantly higher than the current stock price, indicating that the market may have high expectations that could be difficult to meet.

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 $17.27, with a high forecast of $36.00 and a low forecast of $7.00.
: 11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Enovix in the last twelve months. There are currently 3 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" ENVX shares.
: According to analysts, Enovix's stock has a predicted upside of 70.01% based on their 12-month stock forecasts.
: Enovix has been rated by research analysts at B. Riley, Benchmark, JPMorgan Chase & Co., and TD Securities in the past 90 days.
: Analysts like Enovix more than other "energy" companies. The consensus rating score for Enovix is 2.73 while the average consensus rating score for "energy" companies is 2.68. Learn more on how ENVX compares to other companies.

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This page (NASDAQ:ENVX) was last updated on 6/30/2025 by MarketBeat.com Staff

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Enovix (ENVX) Stock Forecast & Price Target