Canaccord has revised its outlook for Enphase Energy (ENPH, Financial), reducing the price target for the energy company from $82 to $70. Despite this adjustment, the firm continues to maintain a Buy rating on Enphase shares. This decision comes as Canaccord evaluates the company's upcoming quarterly performance.
One of the primary challenges highlighted is the impact of tariffs on Enphase's operations. Although there has been a temporary suspension of certain tariffs for 90 days, a 10% baseline tariff on goods imported into the United States remains in effect. Furthermore, Chinese imports are subjected to a hefty 245% tariff, although the Trump Administration has temporarily lifted some restrictions on electronics.
Beyond tariffs, Canaccord identified persistently high interest rates as a significant hurdle for Enphase in the near future. The elevated interest rates could potentially dampen demand for Enphase's products, posing an ongoing concern for the company's performance in the market.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 34 analysts, the average target price for Enphase Energy Inc (ENPH, Financial) is $72.19 with a high estimate of $105.00 and a low estimate of $44.00. The average target implies an upside of 37.39% from the current price of $52.54. More detailed estimate data can be found on the Enphase Energy Inc (ENPH) Forecast page.
Based on the consensus recommendation from 40 brokerage firms, Enphase Energy Inc's (ENPH, Financial) average brokerage recommendation is currently 2.8, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Enphase Energy Inc (ENPH, Financial) in one year is $105.13, suggesting a upside of 100.1% from the current price of $52.54. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Enphase Energy Inc (ENPH) Summary page.
