Piper Sandler has revised its price target for Enphase Energy (ENPH, Financial), decreasing it from $47 to $42, while maintaining a Neutral rating on the company's shares. This decision follows a challenging update that fell short even against modest expectations.
The financial advisory firm noted that Enphase's non-safe harbor revenues underperformed by 3%, though its operating income met market predictions.
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 $67.89 with a high estimate of $105.00 and a low estimate of $36.00. The average target implies an upside of 27.07% from the current price of $53.43. 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 96.76% from the current price of $53.43. 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.
