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Enphase Energy price target lowered to $78 from $94 at TD Cowen

TD Cowen analyst Jeff Osborne lowered the firm’s price target on Enphase Energy (ENPH) to $78 from $94 and keeps a Buy rating on the shares. The firm said Macro challenges remain in both the U.S. and Europe which keeps them cautious on 2Q25. Cowen remains constructive seeing a compelling setup for Enphase in 2H25.

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