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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 with a revenue increase to approximately $7.5 million, reflecting a 47.1% sequential rise from $5.1 million in the previous quarter, driven by robust customer demand across multiple end markets. Additionally, the company achieved a non-GAAP gross profit of around $1.2 million, marking improvements both sequentially from $0.4 million in 1Q25 and annually from a loss of approximately $0.6 million in 2Q24. The strength of the Enovix management team's industry connections further enhances the company’s potential for sustained 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, despite a sequential improvement from the previous quarter's loss of $28.5 million. The company's cash and equivalents stood at $203.4 million, which raises concerns about long-term liquidity given the increasing operating expenses expected in the upcoming quarter as management anticipates limited margins due to an unfavorable product mix. Furthermore, the apprehension regarding customer demand remains evident, casting doubt on whether improved manufacturing capabilities will translate into sufficient sales to support future profitability.

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 Oct 14, 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 $17.25, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $17.25, 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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