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Everspin Technologies (MRAM) Stock Forecast & Price Target

Everspin Technologies (MRAM) Analyst Ratings

Based on 4 analyst ratings
Strong Buy
Strong Buy 100%
Buy 0%
Hold 0%
Sell 0%
Strong Sell 0%

Bulls say

Everspin Technologies Inc. is anticipated to experience a modest but steady increase in product revenue, with projections indicating a growth of +3.2% quarter-over-quarter, driven primarily by the ramp-up of high-density STT-MRAM applications at IBM. For the second half of 2024, revenue is expected to continue climbing, bolstered by a normalization of customer inventory levels and the successful execution of design wins, forecasting sequential growth rates of +12.7% and +4.0% for the third and fourth quarters, respectively. Additionally, the company benefits from a favorable outlook due to stronger-than-expected adoption of STT-MRAM technology, alongside significant licensing agreements that are projected to contribute to quicker revenue realization.

Bears say

Everspin Technologies Inc. has issued revenue guidance for 4Q24 of $12.5 million, reflecting a significant year-over-year decline of 25.2% and concerns over gross margins that resulted in an earnings per share miss. The company is experiencing a continued decline in Toggle MRAM revenue, influenced by macroeconomic challenges affecting demand in the industrial and automotive sectors, while also contending with inventory reductions by distributors and adverse currency effects in the Asia-Pacific region. Additionally, Everspin's outlook for revenue growth remains cautious, with reduced estimates for the following quarters driven by weaker gross margins, a slowdown in product sales, and increased operational expenses amidst competitive pressures in the MRAM market.

Everspin Technologies (MRAM) has been analyzed by 4 analysts, with a consensus rating of Strong Buy. 100% of analysts recommend a Strong Buy, 0% recommend Buy, 0% suggest Holding, 0% advise Selling, and 0% predict a Strong Sell.

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

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FAQs About Everspin Technologies (MRAM) Forecast

Analysts have given Everspin Technologies (MRAM) a Strong Buy based on their latest research and market trends.

According to 4 analysts, Everspin Technologies (MRAM) has a Strong Buy consensus rating as of Jun 16, 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 $11.50, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $11.50, 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.

Everspin Technologies (MRAM)


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