Embark Technology Inc (EMBK) Forecast, Price Target & Analyst Ratings

NASDAQ:EMBK • US29079J2024

Current stock price

2.88 USD
+0.01 (+0.35%)
At close:
2.87 USD
-0.01 (-0.35%)
After Hours:

Analyst forecast overview

View the latest analyst price targets, stock forecast, EPS estimates, revenue projections, revisions, full estimates, rating distribution and upgrades/downgrades for Embark Technology Inc (EMBK).

Forecast Snapshot

Consensus Price Target

Price Target
$3.06
+ 6.25% Upside
→ Price target details

Next Earnings Forecast

Earnings Estimate
Release Date
Nov 6, 2023
Period
Q2 / 2023
EPS Estimate
-$1.76
Revenue Estimate
→ Full earnings forecast details

ChartMill Buy Consensus

Rating
43.33%
Weighted Analyst Rating Score
→ Analyst Ratings details

Price Target Details & History

Consensus Price Target and Range

Mean target
$3.06
Upside
+ 6.25%
From current price of $2.88 to mean target of $3.06, Based on 6 analyst forecasts
Low
$3.03
Median
$3.06
High
$3.15

Price Target Revisions

1 Month
0.00%
3 Months
0.00%

Price Target Summary

6 Wall Street analysts provided a forecast for the next 12 months for EMBK. The average price target is 3.06 USD. This implies a price increase of 6.25% is expected in the next year compared to the current price of 2.88.
→ Find peer stocks trading 30% below analyst price target

Analyst Ratings & History

Current Analyst Ratings

EMBK Current Analyst RatingEMBK Current Analyst Buy, Sell and Hold Ratings.Current Analyst Rating Strong Buy Buy Hold Sell Strong Sell 0.5 1 1.5 2 2.5

Analyst Ratings History

EMBK Historical Analyst RatingsEMBK Historical Analyst Buy, Sell and Hold Ratings and number of analysts.Historical Monthly Analyst Rating -19 -17 -15 -13 -11 -9 -7 -5 -3 -1 2 4 6 8 10

Analyst Ratings Consensus

ChartMill Buy Consensus
43.33%
EMBK was analyzed by 6 analysts. The buy percentage consensus is at 43. So analysts seem to be rather negative about EMBK.
In the previous month the buy percentage consensus was at a similar level.
EMBK was analyzed by 6 analysts. More opinions would make the average more meaningful.
→ Find peer stocks with a buy consensus above 85%

Recent Upgrades & Downgrades

DateFirmActionFrom → To
2023-03-07BairdDowngrade Outperform -> Neutral
2023-03-06Vertical ResearchDowngrade Buy -> Hold
2022-05-11CitigroupMaintains Buy
2022-04-26Vertical ResearchInitiate Buy
2022-01-11KeybancInitiate Sector Weight
2021-12-07CitigroupInitiate Buy

Next Earnings Forecast Details

Next Earnings Details

Release Date
Nov 6, 2023
Period
Q2 / 2023
EPS Estimate
-$1.76
Revenue Estimate
Revenue Q2Q
N/A
EPS Q2Q
-194.10%
Number of Analysts
3

Next Earnings Revisions

Revenue (1 Month)
N/A
Revenue (3 Months)
N/A
EPS (1 Month)
0.00%
EPS (3 Months)
0.00%

Next Earnings Summary

EMBK is expected to report earnings on 11/6/2023. The consensus EPS estimate for the next earnings is -1.76 USD and the consensus revenue estimate is 0 USD.
→ Find peers expecting at least 20% revenue growth next quarter

Full Analyst Estimates 2023 - 2030

Yearly Earnings Per Share (EPS), Revenue, EBIT, EBITDA and Operating Margin Analyst Estimates

2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030
Revenue
YoY % growth
EMBK revenue by date.EMBK revenue by date.
N/AN/AN/A
28.13%		N/A
91.46%		N/A
91.72%		N/A
89.04%		N/A
111.24%		N/A
75.69%
EBITDA
YoY % growth
EMBK ebitda by date.EMBK ebitda by date.
-15.81M-21.604M
-36.65%		-102.589M
-374.86%		-151.445M
-47.62%		N/A
28.27%		N/A
-44.37%		N/A
-33.34%		N/A
-18.05%		N/A
-11.16%		N/A
4.09%		N/A
21.32%		N/A
102.96%
EBIT
YoY % growth
EMBK ebit by date.EMBK ebit by date.
-16.425M-22.426M
-36.54%		-103.663M
-362.24%		-153.663M
-48.23%		N/A
11.89%		N/A
20.51%		N/A
-96.20%		N/A
-17.87%		N/A
-11.07%		N/A
3.69%		N/A
20.69%		N/A
101.45%
Operating Margin
EMBK operating margin by date.EMBK operating margin by date.
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
EPS
YoY % growth
EMBK eps by date.EMBK eps by date.
N/AN/AN/A-4.44
-86.55%		N/A
-69.54%		N/A
4.34%		N/AN/AN/AN/AN/AN/A

All data in USD

Quarterly Earnings Per Share (EPS), Revenue, EBIT and EBITDA Analyst Estimates

Q2 / 23 Q3 / 23 Q4 / 23
EPS
Q2Q % growth		-1.76
-194.10%		-1.99
-30.00%		-2.25
-49.28%
Revenue
Q2Q % growth
EBITDA
Q2Q % growth		-38.107M
-3.07%		-45.9M
-26.44%		120.43M
441.38%
EBIT
Q2Q % growth		-38.566M
-2.01%		-46.41M
-22.97%		117.73M
413.99%

All data in USD

Yearly Earnings Per Share (EPS) and Revenue Trends vs Historical Data

EMBK Yearly Revenue VS EstimatesEMBK Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2024 2025 2026 2027 2028 2029 2030 500M 1B 1.5B 2B
EMBK Yearly EPS VS EstimatesEMBK Yearly EPS VS EstimatesYearly EPS VS Estimates 2021 2022 2023 2024 -2 -4 -6

Long Term Forward Growth Forecast Summary

Long Term EPS Growth (CAGR)

EPS Next 3 Year
N/A
EPS Next 5 Year
N/A

Long Term Revenue Growth (CAGR)

Revenue Next 3 Year
N/A
Revenue Next 5 Year
N/A

Long Term EBIT Growth (CAGR)

EBIT Next 3 Year
-10.05%
EBIT Next 5 Year
-11.83%
→ Find peers expecting at least 20% CAGR revenue growth over the next 3 years

Embark Technology Inc / EMBK Forecast FAQ

Can you provide the average price target for Embark Technology Inc stock?

6 analysts have analysed EMBK and the average price target is 3.06 USD. This implies a price increase of 6.25% is expected in the next year compared to the current price of 2.88.

Can you provide the upcoming earnings date for Embark Technology Inc?

Embark Technology Inc (EMBK) will report earnings on 2023-11-06.

Can you provide the consensus estimates for Embark Technology Inc next earnings?

The consensus EPS estimate for the next earnings of Embark Technology Inc (EMBK) is -1.76 USD and the consensus revenue estimate is 0 USD.