Roth MKM analyst Philip Shen lowered the firm’s price target on Enphase Energy (ENPH) to $90 from $100 and keeps a Buy rating on the shares. The company’s Q4 revenue was “strong” but its Q1 guide was a slight miss to buyside and sellside consensus, the analyst tells investors in a research note. The stock’s upside may not be “meaningfully higher” near term given the dueling Tesla (TSLA) PowerWall 3 share narratives, the firm added.
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Read More on ENPH:
- Enphase Energy price target raised to $103 from $101 at Oppenheimer
- Enphase Energy price target lowered to $76 from $79 at Susquehanna
- Enphase Energy price target lowered to $66 from $69 at BMO Capital
- Enphase Energy upgraded to Buy from Hold at Canaccord
- Enphase Energy price target lowered to $67 from $68 at Morgan Stanley