ELVA trades 238.5% below Wall Street's consensus target of $17.50.
Last 12 months price action with 12-month analyst target path
The base valuation assumes ELVA achieves its forward estimates and maintains a stable P/E multiple of 60.6x. This scenario reflects the blended consensus of 5 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
As of October 24, 2026, Electrovaya Inc. (ELVA) has a Wall Street consensus price target of $17.50, based on estimates from 5 covering analysts. With the stock currently trading at $5.17, this represents a potential upside of +238.5%. The company has a market capitalization of $256M.
Analyst price targets range from a low of $13.00 to a high of $22.00, representing a 51% spread in expectations. The median target of $17.50 aligns closely with the consensus average. The wide target spread reflects significant disagreement on fair value.
The current analyst consensus rating is Buy, with 5 analysts rating the stock as a Buy or Strong Buy,0 rating it Hold, and 0 rating it Sell or Strong Sell. This overwhelmingly bullish sentiment suggests analysts see significant catalysts for upside ahead.
From a valuation perspective, ELVA trades at a trailing P/E of 63.4x and forward P/E of 60.6x. The forward PEG ratio of 5.17 reflects a premium valuation. Analysts expect EPS to grow +2.0% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $3.46, with bear and bull scenarios of $2.18 and $4.55 respectively. Model confidence stands at 49/100, suggesting limited visibility into future performance.
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 CBATCBAK Energy Technology, Inc. | $73M | $0.82 | — | — | — | — | — |
 MVSTMicrovast Holdings, Inc. | $166M | $0.50 | $4.80 | +862.7% | Buy | — | 6 |
 NRGVEnergy Vault Holdings, Inc. | $462M | $2.55 | $7.00 | +174.5% | Buy | — | 10 |
 SLDPSolid Power, Inc. | $445M | $1.98 | $6.75 | +240.9% | Buy | — | 5 |
 QSQuantumScape Corporation | $2.5B | $4.03 | $5.25 | +30.3% | Hold | — | 11 |
 FLUXFlux Power Holdings, Inc. | $7M | $0.41 | — | — | — | — | — |
 CLFDClearfield, Inc. | $376M | $27.70 | $40.67 | +46.8% | Buy | 136.3x | 9 |
 PCRXPacira BioSciences, Inc. | $1.4B | $36.42 | $31.67 | -13.0% | Hold | 12.6x | 36 |
 EOSEEos Energy Enterprises, Inc. | $501M | $1.73 | $7.10 | +310.4% | Hold | — | 11 |
 ALBAlbemarle Corporation | $11.0B | $93.67 | $167.09 | +78.4% | Buy | 8.4x | 45 |
Quick answers to the most common questions about buying ELVA stock.
The consensus Wall Street price target for ELVA is $17.5, representing 238.5% upside from the current price of $5.17. With 5 analysts covering the stock, this strong upside suggests significant value not yet reflected in today's share price.
ELVA has a consensus rating of "Buy" based on 5 Wall Street analysts. The rating breakdown is predominantly bullish, with 5 Buy/Strong Buy ratings. The consensus 12-month price target of $17.5 implies 238.5% upside from current levels.
At a forward P/E of 60.6096x, ELVA trades at a premium valuation. The consensus price target of $17.5 (238.5% upside) suggests analysts still see growth justifying the multiple.
The most bullish Wall Street analyst has a price target of $22 for ELVA, while the most conservative target is $13. The consensus of $17.5 represents the median expectation. Our quantitative valuation model projects a bull case target of $5 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
ELVA is moderately covered, with 5 analysts providing price targets and ratings. Of these, 1 have Strong Buy ratings, 4 have Buy ratings, 0 recommend Hold, and 0 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
The 12-month ELVA stock forecast based on 5 Wall Street analysts shows a consensus price target of $17.5, with estimates ranging from $13 (bear case) to $22 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $3, with bear/bull scenarios of $2/$5.
Our quantitative valuation model calculates ELVA's fair value at $3 (base case), with a bear case of $2 and bull case of $5. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 49/100.
ELVA trades at a forward P/E ratio of 60.6x based on next-twelve-months earnings estimates compared to a trailing P/E of 63.4x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Wall Street analysts are very optimistic on ELVA, with a "Buy" consensus rating and $17.5 price target (238.5% upside). 5 of 5 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.
ELVA analyst price targets range from $13 to $22, a 51% wide spread indicating significant analyst disagreement. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $17.5 consensus represents the middle ground. Our model's $2-$5 range provides an independent fundamental perspective.
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