Enovix (US:ENVX) ZACKS·2025-10-17 14:56Core Viewpoint - Enovix Corporation (ENVX) shows significant potential for upside, with a mean price target of $20.89 indicating an 81.5% increase from its current trading price of $11.51 [1] Price Targets and Analyst Estimates - The mean estimate consists of nine short-term price targets with a standard deviation of $6.09, suggesting variability in analyst predictions [2] - The lowest estimate is $12.00, indicating a 4.3% increase, while the highest estimate is $30.00, suggesting a potential surge of 160.6% [2] - A low standard deviation among price targets indicates strong agreement among analysts regarding the stock's price direction [9] Earnings Estimates and Analyst Agreement - Analysts have shown increasing optimism about ENVX's earnings prospects, with a positive trend in earnings estimate revisions [11] - Over the last 30 days, one estimate has increased, leading to a 1.5% rise in the Zacks Consensus Estimate [12] - ENVX holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates [13] Caution on Price Targets - While price targets are a common tool for investors, they can often mislead, and reliance solely on them may lead to poor investment decisions [3][7][10] - Analysts may set overly optimistic price targets due to business incentives, which can inflate expectations [8]