Evaluating ESS Tech: Insights From 4 Financial Analysts
Portfolio Pulse from Benzinga Insights
Over the past three months, four analysts have evaluated ESS Tech (NYSE:GWH), showing a shift from bullish to indifferent sentiments. The average 12-month price target has decreased by 16.33%, with current targets ranging from $0.90 to $1.50. Analysts from Deutsche Bank, Canaccord Genuity, TD Cowen, and Roth MKM have all lowered their price targets, reflecting a negative sentiment shift.
August 16, 2024 | 6:01 pm
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NEGATIVE IMPACT
ESS Tech has experienced a shift in analyst sentiment from bullish to indifferent over the past three months. The average 12-month price target has decreased by 16.33%, with current targets ranging from $0.90 to $1.50. Analysts from Deutsche Bank, Canaccord Genuity, TD Cowen, and Roth MKM have all lowered their price targets, reflecting a negative sentiment shift.
The shift from bullish to indifferent sentiment among analysts, along with a 16.33% decrease in the average price target, indicates a negative outlook for ESS Tech in the short term. Lowered price targets from major analysts suggest reduced confidence in the company's near-term performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100