Nikola Corporation (NKLA)
NASDAQ: NKLA · Real-Time Price · USD
1.180
+0.010 (0.85%)
Dec 20, 2024, 4:00 PM EST - Market closed
Nikola Stock Forecast
NKLA's stock price has decreased by -95.77% in the past year and price targets may not have had time to catch up.
Stock Price Forecast
The 3 analysts with 12-month price forecasts for Nikola stock have an average target of 6.00, with a low estimate of 4.00 and a high estimate of 10. The average target predicts an increase of 408.47% from the current stock price of 1.18.
Analyst Consensus: Hold
* Price targets were last updated on Nov 11, 2024.
Analyst Ratings
The average analyst rating for Nikola stock from 4 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 | Dec '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Hold | 2 | 2 | 2 | 2 | 3 | 3 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 3 | 3 | 3 | 3 | 4 | 4 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| DA Davidson | DA Davidson | Hold Maintains $12 → $4 | Hold | Maintains | $12 → $4 | +238.98% | Nov 11, 2024 |
| TD Cowen | TD Cowen | Hold Maintains $10 → $4 | Hold | Maintains | $10 → $4 | +238.98% | Nov 1, 2024 |
| Baird | Baird | Buy Maintains $14 → $10 | Buy | Maintains | $14 → $10 | +747.46% | Nov 1, 2024 |
| DA Davidson | DA Davidson | Hold Maintains $12 → $10 | Hold | Maintains | $12 → $10 | +747.46% | Aug 12, 2024 |
| DA Davidson | DA Davidson | Hold Maintains $30 | Hold | Maintains | $30 | +2,442.37% | Jun 12, 2024 |
Financial Forecast
Revenue This Year
113.04M
from 35.84M
Increased by 215.41%
Revenue Next Year
302.48M
from 113.04M
Increased by 167.59%
EPS This Year
-10.48
from -36.30
EPS Next Year
-6.99
from -10.48
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 130.2M | 371.7M | 1.0B | |
| Avg | 113.0M | 302.5M | 626.0M | |
| Low | 99.3M | 192.6M | 302.4M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 263.3% | 228.8% | 242.8% | |
| Avg | 215.4% | 167.6% | 106.9% | |
| Low | 177.0% | 70.4% | -0.0% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -10.79 | -6.22 | -4.53 |
| Avg | -10.48 | -6.99 | -5.88 |
| Low | -10.07 | -7.62 | -7.07 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | - | - | - |
| Avg | - | - | - |
| Low | - | - | - |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.