ESS Tech, Inc. (GWH)

ESS Tech Stock Forecast

Stock Price Forecast

The 3 analysts that cover ESS Tech stock have a consensus rating of "Hold" and an average price target of $2.67, which forecasts a 99.25% increase in the stock price over the next year. The lowest target is $2.00 and the highest is $3.00.

Price Target: $2.67 (+99.25%)

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$2.00	$2.67	$3.00	$3.00
Change	+49.25%	+99.25%	+123.88%	+123.88%

Analyst Ratings

The average analyst rating for ESS Tech stock is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Apr '25	May '25	Jun '25	Jul '25	Aug '25	Sep '25
Strong Buy	1	1	1	1	0	0
Buy	0	0	0	0	0	0
Hold	4	4	4	4	4	4
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	5	5	5	5	4	4

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Ben Kallo Baird	Baird	Hold Maintains $6 → $2	Hold	Maintains	$6 → $2	+49.25%	Aug 18, 2025
George Gianarikas Canaccord Genuity	Canaccord Genuity	Hold Maintains $8 → $3	Hold	Maintains	$8 → $3	+123.88%	Apr 1, 2025
Justin Clare Roth MKM	Roth MKM	Strong Buy → Hold Downgrades $17 → $3	Strong Buy → Hold	Downgrades	$17 → $3	+123.88%	Mar 4, 2025
George Gianarikas Canaccord Genuity	Canaccord Genuity	Hold Maintains $8	Hold	Maintains	$8	+497.01%	Nov 14, 2024
Colin Rusch Oppenheimer	Oppenheimer	Buy → Hold Downgrades n/a	Buy → Hold	Downgrades	n/a	n/a	Nov 14, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

15.05M

Increased by 139.06%

from 6.30M

Revenue Next Year

25.71M

Increased by 70.81%

from 15.05M

EPS This Year

-4.26

from -7.32

EPS Next Year

-2.92

from -4.26

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	-	-	894.00K	7.54M	6.30M	15.05M	25.71M
Revenue Growth	-	-	-	743.40%	-16.51%	139.06%	70.81%
EPS	-7.75	-85.96	-7.66	-7.27	-7.32	-4.26	-2.92
EPS Growth	-	-	-	-	-	-	-
Forward PE	-	-	-	-	-	-	-
No. Analysts	-	-	-	-	-	3	3

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

Revenue Forecast

Revenue	2025	2026	2027
High	25.0M	37.3M
Avg	15.0M	25.7M
Low	5.9M	15.1M

Revenue Growth

Revenue Growth	2025	2026	2027
High	297.0%	147.7%
Avg	139.1%	70.8%
Low	-6.6%	0.3%

EPS Forecast

EPS	2025	2026	2027
High	-3.75	-1.29
Avg	-4.26	-2.92
Low	-4.76	-4.47

EPS Growth

EPS Growth	2025	2026	2027
High	-	-
Avg	-	-
Low	-	-

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.