Needham analyst Vikram Bagri maintained a Buy rating on Enphase Energy (NASDAQ:ENPH) on Wednesday, setting a price target of $195, which is approximately 12.81% above the present share price of $172.86.
Bagri expects Enphase Energy to post earnings per share (EPS) of $0.24 for the third quarter of 2021.
The current consensus among 13 TipRanks analysts is for a Moderate Buy rating of shares in Enphase Energy, with an average price target of $206.4.
The analysts price targets range from a high of $238 to a low of $157.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $301.75 million and a net profit of $61.39 million. The company's market cap is $23.46 billion.
According to TipRanks.com, Needham analyst Vikram Bagri is currently ranked with 2 stars on a 0-5 stars ranking scale, with an average return of 3.7% and a 38.46% success rate.
Enphase Energy, Inc. is an energy technology company that provides energy management technology solutions for the solar photovoltaic industry worldwide. It engages in designing, developing, manufacturing and selling software-driven home energy solutions, which connect energy generation, energy storage and web-based control and communications management services.