Elme Communities (ELME) Price Target Analysis
Wall Street analyst price targets, ratings consensus & upside potential · Updated May 1, 2026
Current Price
$2.16
Price Target
$19.00
Target Range
$19.00 — $19.00
Analyst Rating
Hold
Forward P/E—
Trailing P/E-1.2x
Forward PEG—
Implied Growth+93.8%
Median Target$19.00
Analyst Spread0.0%
Price Forecast (1 Year)
Last 12 months price action with 12-month analyst target path
Bear Case
$19
+779.6%
Consensus
$19
+779.6%
Bull Case
$19
+779.6%
ELME Price Target Analysis
Updated May 6, 2026As of May 6, 2026, Elme Communities (ELME) has a Wall Street consensus price target of $19.00, based on estimates from 8 covering analysts. With the stock currently trading at $2.16, this represents a potential upside of +779.6%. The company has a market capitalization of $192M.
Analyst price targets range from a low of $19.00 to a high of $19.00, representing a 0% spread in expectations. The median target of $19.00 aligns closely with the consensus average. The tight target dispersion indicates high conviction among analysts.
The current analyst consensus rating is Hold, with 1 analysts rating the stock as a Buy or Strong Buy,7 rating it Hold, and 0 rating it Sell or Strong Sell. The bearish sentiment suggests caution about the stock at current levels.
From a valuation perspective, ELME trades at a trailing P/E of -1.2x. Analysts expect EPS to grow +93.8% over the next year.
Investment Context: Price targets represent analyst expectations for the next 12 months and should be considered alongside your own research. Targets are based on analysts' assumptions about earnings growth, margins, and market conditions which may change. For sector-specific context, view other Real Estate stocks.
Analyst Sentiment Comparison
Industry Peer AnalysisAvg Peer Upside+11.6%
Avg Forward P/E53.8x
Peers with Coverage10 / 10
| Company | Market Cap | Price | Target | Upside | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 UDRUDR, Inc. | $12.0B | $36.94 | $40.25 | +9.0% | Buy | 66.1x | 38 |
 NHINational Health Investors, Inc. | $3.5B | $73.09 | $85.40 | +16.8% | Hold | 21.6x | 18 |
 IRTIndependence Realty Trust, Inc. | $3.9B | $16.50 | $20.08 | +21.7% | Buy | 100.7x | 27 |
 NXRTNexPoint Residential Trust, Inc. | $748M | $29.48 | $27.00 | -8.4% | Hold | — | 10 |
 BRTBRT Apartments Corp. | $272M | $14.45 | $21.00 | +45.3% | Buy | — | 5 |
 EQREquity Residential | $24.8B | $66.25 | $70.15 | +5.9% | Hold | 50.9x | 46 |
 AVBAvalonBay Communities, Inc. | $25.8B | $185.25 | $191.70 | +3.5% | Hold | 37.6x | 42 |
 ESSEssex Property Trust, Inc. | $17.2B | $266.69 | $279.20 | +4.7% | Hold | 46.5x | 46 |
 MAAMid-America Apartment Communities, Inc. | $15.1B | $130.16 | $143.71 | +10.4% | Buy | 39.0x | 37 |
 CPTCamden Property Trust | $11.0B | $104.74 | $112.48 | +7.4% | Hold | 68.4x | 41 |
Upside Potential Comparison
BRTIRTNHIMAAUDRCPTEQRESSSee ELME's True Return
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Start ComparisonELME — Frequently Asked Questions
Quick answers to the most common questions about buying ELME stock.
What is the ELME stock price target for 2026?
The consensus Wall Street price target for ELME is $19, representing 779.6% upside from the current price of $2.16. With 8 analysts covering the stock, this strong upside suggests significant value not yet reflected in today's share price.
Is ELME a buy, sell, or hold?
ELME has a consensus rating of "Hold" based on 8 Wall Street analysts. The rating breakdown is mixed, with 7 Hold ratings making up the largest segment. The consensus 12-month price target of $19 implies 779.6% upside from current levels.
Is ELME stock overvalued or undervalued?
ELME's current price is $2.16 with a consensus target of $19 (779.6% implied move). Analyst estimates suggest the stock is undervalued at current levels.
How high can ELME stock go?
The most bullish Wall Street analyst has a price target of $19 for ELME, while the most conservative target is $19. The consensus of $19 represents the median expectation. These targets typically reflect 12-month expectations.
How many analysts cover ELME stock?
ELME is moderately covered, with 8 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 1 have Buy ratings, 7 recommend Hold, and 0 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
What is the ELME stock forecast?
The 12-month ELME stock forecast based on 8 Wall Street analysts shows a consensus price target of $19, with estimates ranging from $19 (bear case) to $19 (bull case). The median consensus rating is "Hold".
Should I buy ELME stock?
Wall Street analysts are very optimistic on ELME, with a "Hold" consensus rating and $19 price target (779.6% upside). 1 of 8 analysts rate it Buy or Strong Buy. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
Why do ELME price targets vary so much?
ELME analyst price targets range from $19 to $19, a 0% tight range reflecting strong analyst consensus. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $19 consensus represents the middle ground.