Nikola Corporation (NKLA)
NASDAQ: NKLA · IEX Real-Time Price · USD
9.46
+0.73 (8.36%)
At close: Jul 19, 2024, 4:00 PM
9.37
-0.09 (-0.95%)
Pre-market: Jul 22, 2024, 5:53 AM EDT
Nikola Stock Forecast
Stock Price Forecast
The 2 analysts with 12-month price forecasts for Nikola stock have an average target of 45, with a low estimate of 30 and a high estimate of 60. The average target predicts an increase of 375.69% from the current stock price of 9.46.
Analyst Consensus: Hold
* Price targets were last updated on Jun 12, 2024.
Analyst Ratings
The average analyst rating for Nikola stock from 3 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Hold | 5 | 4 | 3 | 3 | 2 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 6 | 5 | 4 | 4 | 3 | 3 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| DA Davidson | DA Davidson | Hold Maintains $30 | Hold | Maintains | $30 | +217.12% | Jun 12, 2024 |
| Wolfe Research | Wolfe Research | Hold Initiates n/a | Hold | Initiates | n/a | n/a | Apr 9, 2024 |
| DA Davidson | DA Davidson | Hold Reiterates $30 | Hold | Reiterates | $30 | +217.12% | Mar 5, 2024 |
| Baird | Baird | Buy Initiates $60 | Buy | Initiates | $60 | +534.25% | Jan 24, 2024 |
| DA Davidson | DA Davidson | Hold Maintains $30 → $90 | Hold | Maintains | $30 → $90 | +851.37% | Jul 31, 2023 |
Financial Forecast
Revenue This Year
123.97M
from 35.84M
Increased by 245.91%
Revenue Next Year
436.60M
from 123.97M
Increased by 252.18%
EPS This Year
-0.37
from -36.30
EPS Next Year
-0.30
from -0.37
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 151.5M | 576.9M | 1.5B | 1.6B | 2.6B |
| Avg | 124.0M | 436.6M | 1.1B | 1.6B | 2.5B |
| Low | 111.7M | 319.7M | 875.3M | 1.5B | 2.4B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 322.8% | 365.3% | 232.3% | 40.5% | 63.4% |
| Avg | 245.9% | 252.2% | 162.9% | 36.5% | 58.8% |
| Low | 211.7% | 157.9% | 100.5% | 31.1% | 52.5% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -0.34 | -0.25 | -0.12 |
| Avg | -0.37 | -0.30 | -0.15 |
| Low | -0.37 | -0.35 | -0.17 |
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.