Enphase Energy price target raised to $51 from $45 at Goldman Sachs

Goldman Sachs raised the firm’s price target on Enphase Energy (ENPH) to $51 from $45 and keeps a Buy rating on the shares. Enphase Energy beat 4Q25 expectations and provided 1Q26 revenue guidance above expectations, supporting a solid outlook with $35M in safe-harbor revenue and a core base in line with prior guidance, the analyst tells investors in a research note. Sequential improvement is expected, with additional safe-harbor revenue and new products poised to drive growth and margin expansion in the second half of 2026 and beyond, the firm says.