Enphase Energy, Inc. (ENPH) Price Target Analysis
Wall Street analyst price targets, ratings consensus & upside potential · Updated May 1, 2026
Current Price
$35.80
Price Target
$43.48
Target Range
$21.70 — $57.00
Analyst Rating
Hold
Forward P/E17.9x
Trailing P/E27.8x
Forward PEG2.83
Implied Growth+96.0%
Median Target$42.50
Analyst Spread81.2%
Price Forecast (1 Year)
Last 12 months price action with 12-month analyst target path
Bear Case
$22
-39.4%
Consensus
$43
+21.5%
Bull Case
$57
+59.2%
ENPH Price Target Analysis
Updated May 6, 2026As of May 6, 2026, Enphase Energy, Inc. (ENPH) has a Wall Street consensus price target of $43.48, based on estimates from 55 covering analysts. With the stock currently trading at $35.80, this represents a potential upside of +20.7%. The company has a market capitalization of $4.72B.
Analyst price targets range from a low of $21.70 to a high of $57.00, representing a 81% spread in expectations. The median target of $42.50 aligns closely with the consensus average. The wide target spread reflects significant disagreement on fair value.
The current analyst consensus rating is Hold, with 23 analysts rating the stock as a Buy or Strong Buy,26 rating it Hold, and 6 rating it Sell or Strong Sell. The mixed ratings reflect uncertainty about near-term direction.
From a valuation perspective, ENPH trades at a trailing P/E of 27.8x and forward P/E of 17.9x. The forward PEG ratio of 2.83 reflects a premium valuation. Analysts expect EPS to grow +96.0% over the next year.
Investment Context: Price targets represent analyst expectations for the next 12 months and should be considered alongside your own research. Targets are based on analysts' assumptions about earnings growth, margins, and market conditions which may change. For sector-specific context, view other Energy stocks.
Analyst Sentiment Comparison
Industry Peer AnalysisAvg Peer Upside+163.6%
Avg Forward P/E103.1x
Peers with Coverage10 / 10
| Company | Market Cap | Price | Target | Upside | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 SEDGSolarEdge Technologies, Inc. | $2.4B | $40.61 | $35.09 | -21.4% | Hold | 706.3x | 48 |
 FSLRFirst Solar, Inc. | $23.4B | $218.00 | $264.13 | +20.5% | Buy | 12.3x | 73 |
 ARRYArray Technologies, Inc. | $1.2B | $8.12 | $9.17 | +12.1% | Buy | 11.7x | 28 |
 SHLSShoals Technologies Group, Inc. | $1.4B | $8.33 | $9.83 | +20.9% | Buy | 20.1x | 23 |
 GTLSChart Industries, Inc. | $9.9B | $207.76 | $193.81 | -6.7% | Buy | 16.4x | 37 |
 SPWRSunPower Inc. | $875M | $1.03 | $15.81 | +1405.7% | Hold | 5.3x | 45 |
 RUNSunrun Inc. | $3.0B | $12.83 | $18.14 | +34.8% | Buy | 22.2x | 36 |
 STEMStem, Inc. | $91M | $10.69 | $20.67 | +95.4% | Hold | — | 17 |
 GNRCGenerac Holdings Inc. | $15.7B | $267.42 | $271.22 | +2.9% | Buy | 30.6x | 39 |
 CSIQCanadian Solar Inc. | $1.1B | $16.88 | $28.88 | +71.9% | Buy | — | 33 |
Upside Potential Comparison
SPWRSTEMCSIQRUNSHLSFSLRARRYGNRCSee ENPH's True Return
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Start ComparisonENPH — Frequently Asked Questions
Quick answers to the most common questions about buying ENPH stock.
What is the ENPH stock price target for 2026?
The consensus Wall Street price target for ENPH is $43.48, representing 20.7% upside from the current price of $35.8. With 55 analysts covering the stock, this strong upside suggests significant value not yet reflected in today's share price.
Is ENPH a buy, sell, or hold?
ENPH has a consensus rating of "Hold" based on 55 Wall Street analysts. The rating breakdown is mixed, with 26 Hold ratings making up the largest segment. The consensus 12-month price target of $43.48 implies 20.7% upside from current levels.
Is ENPH stock overvalued or undervalued?
With a forward P/E of 17.8786x, ENPH trades at a relatively low valuation. The consensus target of $43.48 implies 20.7% appreciation, suggesting meaningful undervaluation.
How high can ENPH stock go?
The most bullish Wall Street analyst has a price target of $57 for ENPH, while the most conservative target is $21.7. The consensus of $43.48 represents the median expectation. These targets typically reflect 12-month expectations.
How many analysts cover ENPH stock?
ENPH is heavily covered by Wall Street, with 55 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 23 have Buy ratings, 26 recommend Hold, and 6 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
What is the ENPH stock forecast?
The 12-month ENPH stock forecast based on 55 Wall Street analysts shows a consensus price target of $43.48, with estimates ranging from $21.7 (bear case) to $57 (bull case). The median consensus rating is "Hold".
What is ENPH's forward P/E ratio?
ENPH trades at a forward P/E ratio of 17.9x based on next-twelve-months earnings estimates compared to a trailing P/E of 27.8x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Should I buy ENPH stock?
Wall Street analysts are very optimistic on ENPH, with a "Hold" consensus rating and $43.48 price target (20.7% upside). 23 of 55 analysts rate it Buy or Strong Buy. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
Why do ENPH price targets vary so much?
ENPH analyst price targets range from $21.7 to $57, a 81% wide spread indicating significant analyst disagreement. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $43.48 consensus represents the middle ground.