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Enovix Corporation (ENVX) Stock Forecast & Price Target

Enovix Corporation (ENVX) Analyst Ratings

Based on 15 analyst ratings
Buy
Strong Buy 40%
Buy 40%
Hold 20%
Sell 0%
Strong Sell 0%

Bulls say

Enovix Corp is experiencing positive momentum as it successfully penetrates additional markets, which is expected to enhance revenue opportunities significantly. The company reported a robust top-line performance, achieving $3.8 million in revenue, which outperformed expectations, and highlighted its first quarter of positive gross margins, indicating improved operational efficiency. Furthermore, strong interest from major technology companies and strategic milestones, such as agreements with leading smartphone manufacturers, bolster confidence in Enovix's growth potential going forward.

Bears say

Enovix Corp reported third-quarter 2024 revenue of $4.3 million, slightly below consensus expectations and reflective of a general trend toward higher operating expenses that has led to lowered earnings per share estimates for 2025. Concerns surrounding the effectiveness of the generation-2 equipment and potential unforeseen manufacturing issues highlight significant execution risks, which could adversely impact the company's cost structure and long-term value. Furthermore, despite qualified replacements for certain roles, the integration risk remains a concern, as the company has yet to demonstrate its capability for effective mass production of its innovative battery technology.

Enovix Corporation (ENVX) has been analyzed by 15 analysts, with a consensus rating of Buy. 40% of analysts recommend a Strong Buy, 40% recommend Buy, 20% suggest Holding, 0% advise Selling, and 0% predict a Strong Sell.

This aggregate rating is based on analysts' research of Enovix Corporation and is not a guaranteed prediction by Public.com or investment advice.

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FAQs About Enovix Corporation (ENVX) Forecast

Analysts have given Enovix Corporation (ENVX) a Buy based on their latest research and market trends.

According to 15 analysts, Enovix Corporation (ENVX) has a Buy consensus rating as of Jul 5, 2025. This rating is provided by third-party analysts and is not investment advice from Public.com.

Wall Street analysts have set a price target of $25, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $25, indicating a 0.00% increase from the current stock price, but ratings and forecasts are frequently updated based on market conditions, earnings reports, and industry trends. This prediction is provided by third-party analysts and is not investment advice from Public.com.

Enovix Corporation (ENVX)


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