ESS Tech, Inc. (GWH)

ESS Tech Stock Forecast

Stock Price Forecast

According to 4 professional analysts, the 12-month price target for ESS Tech stock ranges from a low of $0.90 to a high of $3.00. The average analyst price target of $2.10 forecasts a 0.96% increase in the stock price over the next year.

Price Target: $2.10 (+0.96%)

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$0.90	$2.10	$3.00	$3.00
Change	-56.73%	+0.96%	+44.23%	+44.23%

* Price targets were last updated on Apr 1, 2025.

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	Dec '24	Jan '25	Feb '25	Mar '25	Apr '25	May '25
Strong Buy	2	2	2	1	1	1
Buy	0	0	0	0	0	0
Hold	4	4	4	5	4	4
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	6	6	6	6	5	5

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
George Gianarikas Canaccord Genuity	Canaccord Genuity	Hold Maintains $8 → $3	Hold	Maintains	$8 → $3	+44.23%	Apr 1, 2025
Justin Clare Roth MKM	Roth MKM	Strong Buy → Hold Downgrades $17 → $3	Strong Buy → Hold	Downgrades	$17 → $3	+44.23%	Mar 4, 2025
George Gianarikas Canaccord Genuity	Canaccord Genuity	Hold Maintains $8	Hold	Maintains	$8	+284.62%	Nov 14, 2024
Colin Rusch Oppenheimer	Oppenheimer	Buy → Hold Downgrades n/a	Buy → Hold	Downgrades	n/a	n/a	Nov 14, 2024
Corinne Blanchard Deutsche Bank	Deutsche Bank	Hold Maintains $1.15 → $0.9	Hold	Maintains	$1.15 → $0.9	-56.73%	Aug 16, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

19.18M

Increased by 204.61%

from 6.30M

Revenue Next Year

49.82M

Increased by 159.83%

from 19.18M

EPS This Year

-4.15

from -7.32

EPS Next Year

-3.16

from -4.15

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	-	-	894.00K	7.54M	6.30M	19.18M	49.82M	108.78M
Revenue Growth	-	-	-	743.40%	-16.51%	204.61%	159.83%	118.33%
EPS	-7.75	-85.96	-7.66	-7.27	-7.32	-4.15	-3.16	-3.63
EPS Growth	-	-	-	-	-	-	-	-
Forward PE	-	-	-	-	-	-	-	-
No. Analysts	-	-	-	-	-	5	5	3

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

Revenue Forecast

Revenue	2025	2026	2027	2028	2029
High	30.8M	77.3M	264.7M
Avg	19.2M	49.8M	246.0M
Low	8.3M	22.5M	230.3M

Revenue Growth

Revenue Growth	2025	2026	2027	2028	2029
High	388.7%	303.0%	431.3%
Avg	204.6%	159.8%	393.7%
Low	32.3%	17.5%	362.2%

EPS Forecast

EPS	2025	2026	2027	2028	2029
High	-3.09	-2.26	-2.74
Avg	-4.15	-3.16	-2.64
Low	-4.95	-4.38	-2.56

EPS Growth

EPS Growth	2025	2026	2027	2028	2029
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.