Nikola Corporation (NKLA)
NASDAQ: NKLA · Real-Time Price · USD
1.910
-0.030 (-1.55%)
Nov 20, 2024, 4:00 PM EST - Market closed
Nikola Stock Forecast
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 214.14% from the current stock price of 1.91.
Analyst Consensus: Hold
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 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Hold | 2 | 2 | 2 | 2 | 2 | 3 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 3 | 3 | 3 | 3 | 3 | 4 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| DA Davidson | DA Davidson | Hold Maintains $12 → $4 | Hold | Maintains | $12 → $4 | +109.42% | Nov 11, 2024 |
| TD Cowen | TD Cowen | Hold Maintains $10 → $4 | Hold | Maintains | $10 → $4 | +109.42% | Nov 1, 2024 |
| Baird | Baird | Buy Maintains $14 → $10 | Buy | Maintains | $14 → $10 | +423.56% | Nov 1, 2024 |
| DA Davidson | DA Davidson | Hold Maintains $12 → $10 | Hold | Maintains | $12 → $10 | +423.56% | Aug 12, 2024 |
| DA Davidson | DA Davidson | Hold Maintains $30 | Hold | Maintains | $30 | +1,470.68% | Jun 12, 2024 |
Financial Forecast
Revenue This Year
113.85M
from 35.84M
Increased by 217.67%
Revenue Next Year
335.01M
from 113.85M
Increased by 194.26%
EPS This Year
-11.56
from -36.30
EPS Next Year
-8.80
from -11.56
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 130.2M | 532.3M | 1.4B | ||
| Avg | 113.9M | 335.0M | 796.6M | ||
| Low | 99.8M | 192.6M | 302.4M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 263.3% | 367.5% | 326.9% | ||
| Avg | 217.7% | 194.3% | 137.8% | ||
| Low | 178.4% | 69.1% | -9.7% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -11.25 | -8.35 | -4.16 |
| Avg | -11.56 | -8.80 | -5.28 |
| Low | -11.71 | -9.12 | -6.26 |
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.