Codexis, Inc. (CDXS)
NASDAQ: CDXS · IEX Real-Time Price · USD
3.380
-0.020 (-0.59%)
At close: May 31, 2024, 4:00 PM
3.352
-0.028 (-0.83%)
After-hours: May 31, 2024, 5:40 PM EDT
Codexis Stock Forecast
Stock Price Forecast
The 5 analysts with 12-month price forecasts for Codexis stock have an average target of 8.20, with a low estimate of 5.00 and a high estimate of 11. The average target predicts an increase of 142.60% from the current stock price of 3.38.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for Codexis stock from 5 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 2 | 2 | 2 | 2 |
| Buy | 3 | 3 | 2 | 2 | 2 | 3 |
| Hold | 2 | 2 | 1 | 1 | 1 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 6 | 6 | 5 | 5 | 5 | 5 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Cantor Fitzgerald | Cantor Fitzgerald | Buy Initiates $11 | Buy | Initiates | $11 | +225.44% | May 30, 2024 |
| Benchmark | Benchmark | Strong Buy Reiterates $9 | Strong Buy | Reiterates | $9 | +166.27% | May 3, 2024 |
| Benchmark | Benchmark | Hold → Strong Buy Upgrades $9 | Hold → Strong Buy | Upgrades | $9 | +166.27% | Feb 29, 2024 |
| Benchmark | Benchmark | Strong Buy → Hold Downgrades n/a | Strong Buy → Hold | Downgrades | n/a | n/a | Nov 7, 2023 |
| Piper Sandler | Piper Sandler | Buy Maintains $14 → $10 | Buy | Maintains | $14 → $10 | +195.86% | Nov 6, 2023 |
Financial Forecast
Revenue This Year
67.36M
from 70.14M
Decreased by -3.97%
Revenue Next Year
65.01M
from 67.36M
Decreased by -3.49%
EPS This Year
-0.68
from -1.12
EPS Next Year
-0.77
from -0.68
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 74.6M | 76.1M | 102.3M | 156.2M | 205.0M |
| Avg | 67.4M | 65.0M | 83.5M | 118.1M | 156.6M |
| Low | 57.7M | 56.5M | 64.9M | 81.2M | 109.6M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 6.3% | 13.0% | 57.3% | 87.1% | 73.6% |
| Avg | -4.0% | -3.5% | 28.4% | 41.5% | 32.6% |
| Low | -17.7% | -16.2% | -0.1% | -2.8% | -7.2% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -0.61 | -0.67 | -0.28 |
| Avg | -0.68 | -0.77 | -0.28 |
| Low | -0.78 | -0.85 | -0.26 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | - | - | - |
| Avg | - | - | - |
| Low | - | - | - |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.