Analysts Are Increasing Price Targets of These 5 Stocks

In this article, we discuss the 5 stocks receiving price-target hike from analysts. If you want to see more such stocks on the list, go directly to Analysts Are Increasing Price Targets of These 10 Stocks.

05. Enphase Energy, Inc. (NASDAQ:ENPH)

Number of Hedge Fund Holders: 63

B. Riley has raised its price target on Enphase Energy, Inc. (NASDAQ:ENPH) from $242 to $247 while maintaining a Neutral rating on the shares. The analyst notes that uncertainty in the U.S. residential market following five years of strong growth has led to investor caution towards the space, resulting in divergence in company performance across the group. The firm believes that commentary around demand, improvements in supply chains, and project delays are likely key to sentiment on earnings calls as a whole. However, the firm would focus investor interest toward asset ownership business models, where it believes “depressed valuations look quite attractive.” The analyst conveyed this information on April 25 to investors in a research note.