Electra Battery Materials (ELBM) Stock Forecast & Price Target

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$0.42

+0.02 (+5.00%)

(As of 04/18/2024 ET)

Electra Battery Materials Consensus Analyst Rating and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Analysts' Consensus Rating

Buy
Based on 2 Analyst Ratings

Analysts' Consensus Price Target

$1.93
358.33% Upside

High Forecast	$2.25
Average Forecast	$1.93
Low Forecast	$1.60

Type	Current Forecast 4/19/23 to 4/18/24	1 Month Ago 3/20/23 to 3/19/24	3 Months Ago 1/19/23 to 1/19/24	1 Year Ago 4/19/22 to 4/19/23
Consensus Rating	Buy	Buy	Buy	Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	2 Buy rating(s)	2 Buy rating(s)	2 Buy rating(s)	2 Buy rating(s)
Hold	0 Hold rating(s)	0 Hold rating(s)	0 Hold rating(s)	0 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$1.93	$1.93	$1.93	$7.75
Predicted Upside	358.33% Upside	223.67% Upside	223.67% Upside	250.68% Upside

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ELBM Analyst Ratings By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

ELBM Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Electra Battery Materials Stock vs. The Competition

Type	Electra Battery Materials	Basic Materials Companies	S&P 500
Consensus Rating Score	3.00	2.58	2.49
Consensus Rating	Buy	Moderate Buy	Hold
Predicted Upside	358.33% Upside	442.81% Upside	12.30% Upside
News Sentiment Rating	Positive News	Neutral News	Positive News

Recent Analyst Ratings and Stock Forecasts

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date	Details
11/20/2023	HC Wainwright Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$2.50 ➝ $1.60	+216.89%
8/21/2023	Alliance Global Partners Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$4.50 ➝ $2.25	+228.66%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 09:12 PM ET.

ELBM Price Target - Frequently Asked Questions

What is Electra Battery Materials's consensus rating and price target?: According to the issued ratings of 2 analysts in the last year, the consensus rating for Electra Battery Materials stock is Buy based on the current 2 buy ratings for ELBM. The average twelve-month price prediction for Electra Battery Materials is $1.93 with a high price target of $2.25 and a low price target of $1.60. Learn more on ELBM's analyst rating history.
Do Wall Street analysts like Electra Battery Materials more than its competitors?: Analysts like Electra Battery Materials more than other Basic Materials companies. The consensus rating for Electra Battery Materials is Buy while the average consensus rating for basic materials companies is Moderate Buy. Learn more on how ELBM compares to other companies.
Does Electra Battery Materials's stock price have much upside?: According to analysts, Electra Battery Materials's stock has a predicted upside of 223.67% based on their 12-month stock forecasts.

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This page (NASDAQ:ELBM) was last updated on 4/18/2024 by MarketBeat.com Staff

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Electra Battery Materials (ELBM) Stock Forecast & Price Target

Electra Battery Materials Consensus Analyst Rating and Stock Price Forecast (2024)

Analysts' Consensus Rating

Analysts' Consensus Price Target

ELBM Analyst Ratings By Month

ELBM Price Targets by Month

Electra Battery Materials Stock vs. The Competition

Recent Analyst Ratings and Stock Forecasts

ELBM Price Target - Frequently Asked Questions

Stock Ratings Reports and Tools

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