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Analysts Are Bullish on These Industrial Goods Stocks: Satellogic (SATL), Electrovaya (ELVA)

Tipranks - Tipranks - Fri Apr 3, 8:34AM CDT

There’s a lot to be optimistic about in the Industrial Goods sector as 2 analysts just weighed in on Satellogic (SATL) and Electrovaya (ELVA) with bullish sentiments.

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Satellogic (SATL)

In a report released today, Jeff Van Rhee from Craig-Hallum maintained a Buy rating on Satellogic. The company’s shares closed last Wednesday at $5.71.

According to TipRanks.com, Rhee is a 5-star analyst with an average return of 15.4% and a 47.1% success rate. Rhee covers the Technology sector, focusing on stocks such as Intellicheck Mobilisia, Frequency Electronics, and Alkami Technology. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Satellogic with a $6.75 average price target, implying a 18.0% upside from current levels. In a report issued on March 25, TipRanks – DeepSeek also upgraded the stock to Buy with a $6.00 price target.

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Electrovaya (ELVA)

In a report released today, Eric Stine from Craig-Hallum maintained a Buy rating on Electrovaya. The company’s shares closed last Wednesday at $8.13.

According to TipRanks.com, Stine is a 5-star analyst with an average return of 11.4% and a 39.9% success rate. Stine covers the Industrial Goods sector, focusing on stocks such as Amprius Technologies Inc, American Superconductor, and PureCycle Technologies. ;'>

Currently, the analyst consensus on Electrovaya is a Strong Buy with an average price target of $11.25.

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