Electrovaya Inc. (ELVA) Price Target Analysis
Wall Street analyst price targets, ratings consensus & upside potential · Updated May 1, 2026
Current Price
$9.78
Price Target
$11.17
Target Range
$9.50 — $14.00
Analyst Rating
Buy
Forward P/E72.6x
Trailing P/E119.9x
Forward PEG6.20
Implied Growth+68.6%
Median Target$10.00
Analyst Spread40.3%
Price Forecast (1 Year)
Last 12 months price action with 12-month analyst target path
Bear Case
$10
-2.9%
Consensus
$11
+14.2%
Bull Case
$14
+43.1%
ELVA Price Target Analysis
Updated May 8, 2026As of May 8, 2026, Electrovaya Inc. (ELVA) has a Wall Street consensus price target of $11.17, based on estimates from 3 covering analysts. With the stock currently trading at $9.78, this represents a potential upside of +14.2%. The company has a market capitalization of $483M.
Analyst price targets range from a low of $9.50 to a high of $14.00, representing a 40% spread in expectations. The median target of $10.00 differs from the mean, suggesting potential outlier estimates.
The current analyst consensus rating is Buy, with 3 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 119.9x and forward P/E of 72.6x. The forward PEG ratio of 6.20 reflects a premium valuation. Analysts expect EPS to grow +68.6% 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 Industrials stocks.
Analyst Sentiment Comparison
Industry Peer AnalysisAvg Peer Upside+41.6%
Avg Forward P/E33.6x
Peers with Coverage7 / 10
| Company | Market Cap | Price | Target | Upside | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 CBATCBAK Energy Technology, Inc. | $70M | $0.79 | — | — | — | — | — |
 MVSTMicrovast Holdings, Inc. | $611M | $1.89 | $4.80 | +154.0% | Buy | 31.5x | 6 |
 NRGVEnergy Vault Holdings, Inc. | $716M | $4.14 | $2.75 | -33.6% | Buy | — | 7 |
 SLDPSolid Power, Inc. | $634513 | $2.92 | — | — | Buy | — | 5 |
 QSQuantumScape Corporation | $4.5B | $7.36 | $10.20 | +38.6% | Hold | — | 11 |
 FLUXFlux Power Holdings, Inc. | $23M | $1.30 | — | — | — | — | — |
 CLFDClearfield, Inc. | $519M | $37.49 | $43.00 | +14.7% | Buy | 72.1x | 8 |
 PCRXPacira BioSciences, Inc. | $930M | $23.64 | $29.50 | +24.8% | Hold | 8.6x | 36 |
 EOSEEos Energy Enterprises, Inc. | $2.1B | $6.36 | $12.50 | +96.5% | Hold | — | 10 |
 ALBAlbemarle Corporation | $23.4B | $198.35 | $190.80 | -3.8% | Hold | 22.4x | 45 |
Upside Potential Comparison
MVSTEOSEQSPCRXCLFDALBNRGVSee ELVA's True Return
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Start ComparisonELVA — Frequently Asked Questions
Quick answers to the most common questions about buying ELVA stock.
What is the ELVA stock price target for 2026?
Electrovaya Inc. (ELVA) has a consensus 12-month price target of $11.17, implying 14.2% upside from $9.78. The 3 analysts covering ELVA see moderate appreciation potential.
Is ELVA a buy, sell, or hold?
ELVA has a consensus rating of "Buy" based on 3 Wall Street analysts. The rating breakdown is predominantly bullish, with 3 Buy/Strong Buy ratings. The consensus 12-month price target of $11.17 implies 14.2% upside from current levels.
Is ELVA stock overvalued or undervalued?
At a forward P/E of 72.6058x, ELVA trades at a premium valuation. The consensus price target of $11.17 (14.2% upside) suggests analysts still see growth justifying the multiple.
How high can ELVA stock go?
The most bullish Wall Street analyst has a price target of $14 for ELVA, while the most conservative target is $9.5. The consensus of $11.17 represents the median expectation. These targets typically reflect 12-month expectations.
How many analysts cover ELVA stock?
ELVA is lightly followed, with 3 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 3 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.
What is the ELVA stock forecast?
The 12-month ELVA stock forecast based on 3 Wall Street analysts shows a consensus price target of $11.17, with estimates ranging from $9.5 (bear case) to $14 (bull case). The median consensus rating is "Buy".
What is ELVA's forward P/E ratio?
ELVA trades at a forward P/E ratio of 72.6x based on next-twelve-months earnings estimates compared to a trailing P/E of 119.9x. 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.
Should I buy ELVA stock?
Wall Street analysts are optimistic on ELVA, with a "Buy" consensus rating and $11.17 price target (14.2% upside). 3 of 3 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 ELVA price targets vary so much?
ELVA analyst price targets range from $9.5 to $14, a 40% moderate spread showing some variance in outlooks. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $11.17 consensus represents the middle ground.