Electrovaya Inc. (ELVA)

Electrovaya Stock Forecast

Stock Price Forecast

The 2 analysts that cover Electrovaya stock have a consensus rating of "Strong Buy" and an average price target of $14.5, which forecasts a 51.83% increase in the stock price over the next year. The lowest target is $14 and the highest is $15.

Price Target: $14.5 (+51.83%)

Analyst Consensus: Strong Buy

Target	Low	Average	Median	High
Price	$14	$14.5	$15	$15
Change	+46.60%	+51.83%	+57.07%	+57.07%

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 '25	Jan '26	Feb '26	Mar '26	Apr '26	May '26
Strong Buy	3	3	3	3	3	1
Buy	1	1	1	1	1	1
Hold	0	0	0	0	0	0
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	4	4	4	4	4	2

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Amit Dayal HC Wainwright & Co.	HC Wainwright & Co.	Strong Buy Maintains $10 → $15	Strong Buy	Maintains	$10 → $15	+57.07%	May 15, 2026
Colin Rusch Oppenheimer	Oppenheimer	Buy Initiates $14	Buy	Initiates	$14	+46.60%	Dec 18, 2025
Craig Irwin Roth MKM	Roth MKM	Strong Buy Reiterates $4 → $5	Strong Buy	Reiterates	$4 → $5	-47.64%	Feb 14, 2025
Amit Dayal HC Wainwright & Co.	HC Wainwright & Co.	Strong Buy Reiterates $10	Strong Buy	Reiterates	$10	+4.71%	Feb 14, 2025
Daniel Magder Raymond James	Raymond James	Strong Buy Initiates $4.5	Strong Buy	Initiates	$4.5	-52.88%	Jan 23, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

85.96M

Increased by 34.68%

from 63.83M

Revenue Next Year

130.21M

Increased by 51.48%

from 85.96M

EPS This Year

0.14

Increased by 75.31%

from 0.08

EPS Next Year

0.38

Increased by 169.09%

from 0.14

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Sep 30, 2021	Sep 30, 2022	Sep 30, 2023	Sep 30, 2024	Sep 30, 2025	Sep 30, 2026	Sep 30, 2027
Revenue	11.58M	16.27M	44.06M	44.62M	63.83M	85.96M	130.21M
Revenue Growth	-20.25%	40.45%	170.80%	1.26%	43.06%	34.68%	51.48%
EPS	-0.27	-0.31	-0.04	-0.04	0.08	0.14	0.38
EPS Growth	-	-	-	-	-	75.31%	169.09%
Forward PE	-	-	-	-	-	68.09	25.30
No. Analysts	-	-	-	-	-	6	6

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2026	2027	2028	2029	2030	2031	2032	2033
High	90.0M	157.5M
Avg	86.0M	130.2M
Low	81.3M	114.0M

Revenue Growth

Revenue Growth	2026	2027	2028	2029	2030	2031	2032	2033
High	41.0%	83.2%
Avg	34.7%	51.5%
Low	27.4%	32.6%

EPS Forecast

EPS	2026	2027	2028	2029	2030	2031	2032	2033
High	0.22	0.63
Avg	0.14	0.38
Low	0.11	0.25

EPS Growth

EPS Growth	2026	2027	2028	2029	2030	2031	2032	2033
High	175.6%	349.2%
Avg	75.3%	169.1%
Low	34.8%	74.7%

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 sources.