Ocean Power Technologies Consensus Price Target Increased by 2,900.00% to $45.90
The average one-year price target for Ocean Power Technologies (NYSEAM:OPTT) has been revised to $45.90 / share. This is an increase of 2,900.00% from the prior estimate of $1.53 dated September 11, 2026. These figures represent aggregate analyst targets and do not constitute a recommendation by Fintel.
The price target is an average of many targets provided by analysts. The latest targets range from a low of $45.45 to a high of $47.25 / share. The average price target represents an increase of 4,403.97% from the latest reported closing price of $1.02 / share, recorded on October 2, 2026. The current median target has increased to $45.90 from a prior median of $1.53. The target range has widened, with the current target range width at $1.80 compared to the prior width of $0.06, representing a target range width change percent of +2,900.00%.
Looking at the target history, the mean target was $1.53 on August 4, 2026, August 28, 2026, and September 16, 2026, before reaching $45.90 on October 2, 2026. This represents a target change since the 90-day baseline of +2,900.00% from the June 30, 2026 baseline date. The observed twelve-month high mean target is $45.90 as of October 2, 2026, and the observed twelve-month low mean target is $1.53 as of September 16, 2026.
In terms of price performance, the stock experienced a one-week price change of -49.30% from a baseline close of $2.01 on September 25, 2026, and a one-month price change of +510.61% from a baseline close of $0.17 on September 2, 2026. For its latest earnings reported on September 14, 2026, the company posted an actual EPS of -1.87 compared to an estimated EPS of -0.918. Actual revenue was $1,703,000.00, which was below the estimated revenue of $1,872,720.00, representing a revenue surprise of -9.06%.
Ocean Power Technologies, Inc. is a US-based company in the renewable energy sector, specifically wave energy conversion. It designs and manufactures systems like the PB3 PowerBuoy to generate electricity from ocean waves for subsea equipment, defense, oil and gas, and scientific research. Within the Electric Utilities sub-industry (classified under the Financials sector), 30 companies are covered. Of these, 4 have had targets raised, 21 lowered, and 5 unchanged. The sub-industry median revision percent is -1.25%, with a median implied change percent of +24.38%.
As of September 1, 2026, the recommendation breakdown consisted of 3 strong buy, 4 buy, and 1 hold recommendations. This is unchanged from the August 1, 2026 period.
| Company name | Target revision | Implied change |
|---|---|---|
| Eco Wave Power Global AB | +1.69% | +162.89% |
| Broadwind | 0.00% | +63.42% |
| Forum Energy Technologies | 0.00% | +11.66% |
Among its peers, target revisions remained mostly flat or slightly positive, while implied changes from current stock prices varied widely.
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This story originally appeared on Fintel.