Electrovaya Inc. (ELVA)
NASDAQ: ELVA · Real-Time Price · USD
3.010
0.00 (0.00%)
May 16, 2025, 10:25 AM - Market open
Electrovaya Stock Forecast
Stock Price Forecast
According to 5 professional analysts, the 12-month price target for Electrovaya stock ranges from a low of $4.50 to a high of $10. The average analyst price target of $6.10 forecasts a 102.66% increase in the stock price over the next year.
Price Target: $6.10 (+102.66%)
Analyst Consensus: Strong Buy
* Price targets were last updated on Feb 14, 2025.
Analyst Ratings
The average analyst rating for Electrovaya stock is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Dec '24 | Jan '25 | Feb '25 | Mar '25 | Apr '25 | May '25 |
|---|---|---|---|---|---|---|
| Strong Buy | 4 | 5 | 5 | 5 | 5 | 5 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 0 | 0 | 0 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 4 | 5 | 5 | 5 | 5 | 5 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Roth MKM | Roth MKM | Strong Buy Reiterates $4 → $5 | Strong Buy | Reiterates | $4 → $5 | +66.11% | Feb 14, 2025 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Reiterates $10 | Strong Buy | Reiterates | $10 | +232.23% | Feb 14, 2025 |
| Raymond James | Raymond James | Strong Buy Initiates $4.5 | Strong Buy | Initiates | $4.5 | +49.50% | Jan 23, 2025 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Maintains $16 → $10 | Strong Buy | Maintains | $16 → $10 | +232.23% | Dec 13, 2024 |
| Alliance Global Partners | Alliance Global Partners | Strong Buy Initiates $5 | Strong Buy | Initiates | $5 | +66.11% | Sep 26, 2024 |
Financial Forecast
Revenue This Year
69.28M
from 44.62M
Increased by 55.29%
Revenue Next Year
113.41M
from 69.28M
Increased by 63.69%
EPS This Year
0.12
from -0.04
EPS Next Year
0.42
from 0.12
Increased by 234.69%
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.
Revenue Forecast
| Revenue | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 73.1M | 122.4M | 167.8M | ||
| Avg | 69.3M | 113.4M | 163.0M | ||
| Low | 64.3M | 102.9M | 156.6M |
Revenue Growth
| Revenue Growth | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 63.8% | 76.7% | 47.9% | ||
| Avg | 55.3% | 63.7% | 43.7% | ||
| Low | 44.1% | 48.5% | 38.1% |
EPS Forecast
| EPS | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 0.16 | 0.55 | 0.46 | ||
| Avg | 0.12 | 0.42 | 0.45 | ||
| Low | 0.07 | 0.23 | 0.43 |
EPS Growth
| EPS Growth | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | - | 337.0% | 10.5% | ||
| Avg | - | 234.7% | 7.3% | ||
| Low | - | 80.4% | 3.1% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.