ESS Tech (GWH) Stock Forecast & Price Target

$7.33 -1.57 (-17.64%)

(As of 05:36 PM 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

Hold

Based on 8 Analyst Ratings

Sell
1

Hold
4

Buy
3

Based on 8 Wall Street analysts who have issued ratings for ESS Tech in the last 12 months, the stock has a consensus rating of "Hold." Out of the 8 analysts, 1 has given a sell rating, 4 have given a hold rating, 2 have given a buy rating, and 1 has given a strong buy rating for GWH.

Consensus Price Target

$14.58
98.95% Upside

According to the 8 analysts' twelve-month price targets for ESS Tech, the average price target is $14.58. The highest price target for GWH is $22.50, while the lowest price target for GWH is $8.00. The average price target represents a forecasted upside of 98.95% from the current price of $7.33.

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GWH Analyst Ratings Over Time

Type	Current Forecast 11/15/23 to 11/14/24	1 Month Ago 10/16/23 to 10/15/24	3 Months Ago 8/17/23 to 8/16/24	1 Year Ago 11/15/22 to 11/15/23
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	2 Buy rating(s)	3 Buy rating(s)	3 Buy rating(s)	2 Buy rating(s)
Hold	4 Hold rating(s)	3 Hold rating(s)	3 Hold rating(s)	1 Hold rating(s)
Sell	1 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$14.58	$21.75	$26.14	$49.50
Forecasted Upside	98.95% Upside	176.72% Upside	210.39% Upside	161.90% Upside
Consensus Rating	Hold	Moderate Buy	Moderate Buy	Moderate Buy

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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.

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.

ESS Tech Stock vs. The Competition

Type	ESS Tech	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.38	2.67	2.50
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	99.23% Upside	556.43% Upside	8.49% Upside
News Sentiment Rating	Neutral News See Recent GWH News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

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
11/14/2024	Canaccord Genuity Group 1 of 5 stars		Reiterated Rating	Hold ➝ Hold	$8.00 ➝ $8.00	+11.73%
11/14/2024	Robert W. Baird 2 of 5 stars		Downgrade	Neutral ➝ Underperform	$14.00 ➝ $9.00	+0.84%
11/14/2024	Oppenheimer 3 of 5 stars		Downgrade	Outperform ➝ Market Perform
8/16/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold ➝ Hold	$17.25 ➝ $13.50	+56.52%
8/15/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$30.00 ➝ $22.50	+161.28%
7/12/2024	Roth Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Clare Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
7/12/2024	Roth Mkm Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$22.50	+77.33%
3/15/2024	Chardan Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$28.50 ➝ $12.00	+19.23%
9/27/2023	Loop Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$135.00 ➝ $52.50	+87.17%
3/2/2023	EF Hutton Acquisition Co. I Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy	$90.00 ➝ $60.00	+149.22%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 06:06 PM ET.

GWH Forecast - Frequently Asked Questions

: According to the research reports of 8 Wall Street equities research analysts, the average twelve-month stock price forecast for ESS Tech is $14.58, with a high forecast of $22.50 and a low forecast of $8.00.
: 8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for ESS Tech in the last year. There is currently 1 sell rating, 4 hold ratings, 2 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" GWH shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in GWH, but not buy additional shares or sell existing shares.
: According to analysts, ESS Tech's stock has a predicted upside of 98.95% based on their 12-month stock forecasts.
: Over the previous 90 days, ESS Tech's stock had 2 downgrades by analysts.
: ESS Tech has been rated by research analysts at Canaccord Genuity Group, Deutsche Bank Aktiengesellschaft, Oppenheimer, and Robert W. Baird in the past 90 days.
: Analysts like ESS Tech less than other "computer and technology" companies. The consensus rating for ESS Tech is Hold while the average consensus rating for "computer and technology" companies is Moderate Buy. Learn more on how GWH compares to other companies.

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This page (NYSE:GWH) was last updated on 11/14/2024 by MarketBeat.com Staff

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ESS Tech (GWH) Stock Forecast & Price Target