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Analysts Offer Insights on Industrial Goods Companies: Electrovaya (ELVA), FTI Consulting (FCN) and Planet Labs PBC (PL)

Tipranks - Sat Jun 6, 12:28PM CDT

Analysts have been eager to weigh in on the Industrial Goods sector with new ratings on Electrovaya (ELVA), FTI Consulting (FCN) and Planet Labs PBC (PL).

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Electrovaya (ELVA)

In a report released today, Craig Irwin from Roth MKM assigned a Buy rating to Electrovaya, with a price target of $20.00. The company’s shares closed last Friday at $10.34.

According to TipRanks.com, Irwin is a 5-star analyst with an average return of 14.6% and a 49.0% success rate. Irwin covers the Industrial Goods sector, focusing on stocks such as Ballard Power Systems, Flux Power Holdings, and Blink Charging Co. ;'>

Electrovaya has an analyst consensus of Strong Buy, with a price target consensus of $13.67, which is a 22.7% upside from current levels. In a report released today, TipRanks – xAI also upgraded the stock to Buy with a C$17.00 price target.

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FTI Consulting (FCN)

In a report released today, Tobey Sommer from Truist Financial maintained a Hold rating on FTI Consulting. The company’s shares closed last Friday at $159.43, close to its 52-week low of $158.88.

According to TipRanks.com, Sommer is a 4-star analyst with an average return of 4.7% and a 53.1% success rate. Sommer covers the Industrial Goods sector, focusing on stocks such as Andersen Group, Inc. Class A, Amentum Holdings, Inc., and GFL Environmental. ;'>

FTI Consulting has an analyst consensus of Moderate Buy, with a price target consensus of $174.50, implying a 9.1% upside from current levels. In a report issued on May 22, TipRanks – Anthropic also reiterated a Hold rating on the stock with a $161.00 price target.

Planet Labs PBC (PL)

Needham analyst Ryan Koontz assigned a Buy rating to Planet Labs PBC today and set a price target of $53.00. The company’s shares closed last Friday at $32.56.

According to TipRanks.com, Koontz is a top 100 analyst with an average return of 42.8% and a 54.8% success rate. Koontz covers the Technology sector, focusing on stocks such as Applied Optoelectronics, Lumentum Holdings, and Extreme Networks. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Planet Labs PBC with a $37.56 average price target, representing a -1.9% downside. In a report released today, Craig-Hallum also maintained a Buy rating on the stock with a $49.00 price target.

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