Robert W. Baird analyst George Gianarikas reiterated a Buy rating on ESS Tech (GWH – Research Report) on May 12 and set a price target of $7.00. The company’s shares closed last Friday at $4.95, close to its 52-week low of $3.58.
According to TipRanks.com, Gianarikas ‘ ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -35.5% and a 16.7% success rate. Gianarikas covers the Industrial Goods sector, focusing on stocks such as Fluence Energy, QuantumScape, and Bloom Energy.
Currently, the analyst consensus on ESS Tech is a Strong Buy with an average price target of $12.17.
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Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of GWH in relation to earlier this year.
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