Enphase Energy Stock Forecast

Stock Price Forecast

The 23 analysts with 12-month price forecasts for Enphase Energy stock have an average target of 42.2, with a low estimate of 23.49 and a high estimate of 101. The average target predicts an increase of 35.04% from the current stock price of 31.25.

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$23.49	$42.2	$37	$101
Change	-24.83%	+35.04%	+18.40%	+223.20%

* Price targets were last updated on Oct 30, 2025.

Analyst Ratings

The average analyst rating for Enphase Energy stock from 23 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Jun '25	Jul '25	Aug '25	Sep '25	Oct '25	Nov '25
Strong Buy	6	4	4	4	2	2
Buy	7	7	7	7	4	3
Hold	8	11	12	10	12	10
Sell	6	6	5	5	5	4
Strong Sell	3	4	4	4	4	4
Total	30	32	32	30	27	23

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Andrew Percoco Morgan Stanley	Morgan Stanley	Sell Maintains $28 → $26	Sell	Maintains	$28 → $26	-16.80%	Oct 30, 2025
Vikram Bagri Citigroup	Citigroup	Strong Sell Maintains $32 → $31	Strong Sell	Maintains	$32 → $31	-0.80%	Oct 29, 2025
Christopher Dendrinos RBC Capital	RBC Capital	Hold Maintains $33 → $31	Hold	Maintains	$33 → $31	-0.80%	Oct 29, 2025
Mark Strouse JP Morgan	JP Morgan	Hold Maintains $40 → $37	Hold	Maintains	$40 → $37	+18.40%	Oct 29, 2025
Maheep Mandloi Mizuho	Mizuho	Buy → Hold Downgrades $50 → $37	Buy → Hold	Downgrades	$50 → $37	+18.40%	Oct 23, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

1.49B

from 1.33B

12.30%

from 1.33B

Revenue Next Year

1.23B

from 1.49B

-17.47%

from 1.49B

EPS This Year

2.81

from 0.75

273.52%

from 0.75

EPS Next Year

2.13

from 2.81

-23.90%

from 2.81

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	774.43M	1.38B	2.33B	2.29B	1.33B	1.49B	1.23B
Revenue Growth	24.04%	78.46%	68.65%	-1.72%	-41.93%	12.30%	-17.47%
EPS	0.95	1.02	2.77	3.08	0.75	2.81	2.13
EPS Growth	-23.29%	7.81%	171.79%	11.23%	-75.63%	273.52%	-23.90%
Forward PE	-	-	-	-	-	11.14	14.64
No. Analysts	-	-	-	-	-	36	36

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2025	2026
High	1.6B	1.6B
Avg	1.5B	1.2B
Low	1.4B	974.1M

Revenue Growth

Revenue Growth	2025	2026
High	19.1%	9.7%
Avg	12.3%	-17.5%
Low	6.4%	-34.8%

EPS Forecast

EPS	2025	2026
High	3.17	3.68
Avg	2.81	2.13
Low	2.32	1.61

EPS Growth

EPS Growth	2025	2026
High	322.2%	31.0%
Avg	273.5%	-23.9%
Low	209.3%	-42.7%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.