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Enovix Corporation (ENVX) Stock Forecast & Price Target

Enovix Corporation (ENVX) Analyst Ratings

Based on 7 analyst ratings
Buy
Strong Buy 57%
Buy 14%
Hold 29%
Sell 0%
Strong Sell 0%

Bulls say

Enovix Corp reported a revenue of approximately $7.5 million for the second quarter, representing a substantial sequential increase of 47.1% from $5.1 million in the first quarter, highlighting robust customer demand across various end-markets. Additionally, the company achieved a non-GAAP gross profit of around $1.2 million, which reflects a significant sequential rise from $0.4 million in the previous quarter and an impressive annual improvement from a loss of approximately $0.6 million in the same quarter last year. The strong financial performance, coupled with a competent management team with substantial industry connections, positions Enovix favorably for future growth and success in the competitive lithium-ion battery market.

Bears say

Enovix Corp reported a non-GAAP net loss of approximately $26.2 million and a net loss per share of $0.13 for the second quarter of 2025, reflecting a sequential improvement but still indicating a persistent loss trend. The company's cash and equivalents stood at around $203.4 million, yet this may not be sufficient to address ongoing operational challenges, especially with management anticipating increased operating expenses and limited margins due to a less favorable product mix in the upcoming quarter. The potential disconnect between product development and market demand raises concerns about the company's ability to achieve sustainable growth, exacerbating the negative outlook on the stock.

Enovix Corporation (ENVX) has been analyzed by 7 analysts, with a consensus rating of Buy. 57% of analysts recommend a Strong Buy, 14% recommend Buy, 29% 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 7 analysts, Enovix Corporation (ENVX) has a Buy consensus rating as of Nov 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 $18.29, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $18.29, 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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