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ENVX

Enovix Corporation (ENVX) Stock Forecast & Price Target

Enovix Corporation (ENVX) Analyst Ratings

Based on 8 analyst ratings
Buy
Strong Buy 50%
Buy 13%
Hold 38%
Sell 0%
Strong Sell 0%

Bulls say

Enovix Corp demonstrated significant financial growth, reporting revenue of approximately $7.5 million in the latest period, marking a 47.1% sequential increase from the previous quarter’s revenue of about $5.1 million. Additionally, the company achieved a non-GAAP gross profit of approximately $1.2 million, reflecting a substantial improvement from both the prior quarter’s gross profit of $0.4 million and an annual increase from a negative gross profit of approximately $0.6 million in the same period last year. The strong performance is further bolstered by the management team's robust industry connections, enhancing the company's prospects for continued success in the competitive battery market.

Bears say

Enovix Corp reported a non-GAAP net loss of approximately $26.2 million for the second quarter of 2025, representing a slight improvement from the previous quarter but still indicating ongoing financial challenges. The company held cash and equivalents of around $203.4 million, raising concerns about its ability to sustain operations amid rising operating expenses and unfavorable product mix expected in the third quarter. Furthermore, the apprehension regarding demand for its products persists, complicating the company’s path to profitability as it prepares for a manufacturing scale-up.

Enovix Corporation (ENVX) has been analyzed by 8 analysts, with a consensus rating of Buy. 50% of analysts recommend a Strong Buy, 13% recommend Buy, 38% 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 8 analysts, Enovix Corporation (ENVX) has a Buy consensus rating as of Dec 24, 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 $15.88, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $15.88, 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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