Is Electra Battery Materials Stock a good buy in 2023, according to Wall Street analysts?
The consensus among 2 Wall Street analysts covering (NASDAQ: ELBM) stock is to Strong Buy ELBM stock.
Out of 2 analysts, 1 (50%) are recommending ELBM as a Strong Buy, 1 (50%) are recommending ELBM as a Buy, 0 (0%) are recommending ELBM as a Hold, 0 (0%) are recommending ELBM as a Sell, and 0 (0%) are recommending ELBM as a Strong Sell.
According to 2 Wall Street analysts that have issued a 1 year ELBM price target, the average ELBM price target is $9.38, with the highest ELBM stock price forecast at $11.00 and the lowest ELBM stock price forecast at $7.75.
On average, Wall Street analysts predict that Electra Battery Materials's share price could reach $9.38 by Nov 16, 2023. The average Electra Battery Materials stock price prediction forecasts a potential upside of 304.09% from the current ELBM share price of $2.32.
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