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ESS Tech (GWH) Stock Forecast & Price Target

$0.76
+0.02 (+2.70%)
(As of 05/24/2024 ET)

ESS Tech - Analysts' Recommendations 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.

Consensus Rating

Moderate Buy
Based on 4 Analyst Ratings

Consensus Price Target

$2.11
177.45% Upside
High Forecast$3.50
Average Forecast$2.11
Low Forecast$0.80
TypeCurrent Forecast
5/27/23 to 5/26/24
1 Month Ago
4/27/23 to 4/26/24
3 Months Ago
2/26/23 to 2/26/24
1 Year Ago
5/27/22 to 5/27/23
Consensus Rating
Moderate Buy
Hold
Moderate Buy
Moderate 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)
1 Buy rating(s)
2 Buy rating(s)
2 Buy rating(s)
Hold
2 Hold rating(s)
2 Hold rating(s)
1 Hold rating(s)
2 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$2.11$2.14$3.30$3.34
Forecasted Upside177.45% Upside155.26% Upside115.56% Upside86.19% Upside
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GWH Analyst Recommendations 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.
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GWH 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.
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ESS Tech Stock vs. The Competition

TypeESS TechComputer and Technology CompaniesS&P 500
Consensus Rating Score
2.50
2.59
2.49
Consensus RatingModerate BuyModerate BuyHold
Predicted Upside177.45% Upside191.80% Upside9.92% Upside
News Sentiment RatingPositive News
Positive News
Positive News

Recent Analyst Forecasts and Stock Ratings

DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
5/8/2024TD Cowen
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 Lower TargetBuy ➝ Buy$2.50 ➝ $2.00+143.34%
3/15/2024Chardan Capital
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 Lower TargetNeutral ➝ Neutral$1.90 ➝ $0.80+19.22%
3/14/2024Canaccord Genuity Group
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 Lower TargetHold ➝ Hold$1.75 ➝ $1.25+88.71%
3/14/2024Robert W. Baird
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 Lower TargetOutperform ➝ Outperform$4.00 ➝ $3.00+352.89%
9/27/2023Loop Capital
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 Lower Target$9.00 ➝ $3.50+87.17%
3/10/2023Deutsche Bank Aktiengesellschaft
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 Lower Target$6.00 ➝ $2.00+72.41%
3/2/2023EF Hutton Acquisition Co. I
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 Lower TargetBuy$6.00 ➝ $4.00+149.22%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 02:57 PM ET.

GWH Frequently Asked Questions

What is ESS Tech's stock forecast and purchase recommendation?

According to the research reports of 4 Wall Street equities research analysts, the average twelve-month stock price forecast for ESS Tech is $2.11, with a high forecast of $3.50 and a low forecast of $0.80. The consensus rating for ESS Tech stock is Moderate Buy based on the current 2 hold ratings and 2 buy ratings for GWH. Learn more on GWH's analyst rating history.

Do Wall Street analysts like ESS Tech more than its competitors?

Analysts like ESS Tech less than other "computer and technology" companies. The consensus rating score for ESS Tech is 2.50 while the average consensus rating score for "computer and technology" companies is 2.59. Learn more on how GWH compares to other companies.

Does ESS Tech's stock price have much upside?

According to analysts, ESS Tech's stock has a predicted upside of 153.02% based on their 12-month stock forecasts.

What analysts cover ESS Tech?

ESS Tech has been rated by research analysts at Canaccord Genuity Group, Chardan Capital, Robert W. Baird, and TD Cowen in the past 90 days.


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This page (NYSE:GWH) was last updated on 5/26/2024 by MarketBeat.com Staff

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