Nikola Corporation (NKLA)
NASDAQ: NKLA · IEX Real-Time Price · USD
1.040
+0.131 (14.40%)
At close: Mar 28, 2024, 4:00 PM
1.020
-0.020 (-1.92%)
After-hours: Mar 28, 2024, 7:59 PM EDT

Nikola Stock Forecast

Stock Price Forecast

The 3 analysts with 12-month price forecasts for Nikola stock have an average target of 1.33, with a low estimate of 1.00 and a high estimate of 2.00. The average target predicts an increase of 27.88% from the current stock price of 1.04.

Analyst Consensus: Hold
Target Low Average Median High
Price $1.00 $1.33 $1.00 $2.00
Change -3.85% +27.88% -3.85% +92.31%

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 Oct '23Nov '23Dec '23Jan '24Feb '24Mar '24
Strong Buy 000000
Buy 000111
Hold 666553
Sell 000000
Strong Sell 000000
Total 666664

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
DA Davidson
DA Davidson
Hold
Reiterates
$1
Hold Reiterates $1 -3.85% Mar 5, 2024
Baird
Baird
Buy
Initiates
$2
Buy Initiates $2 +92.31% Jan 24, 2024
DA Davidson
DA Davidson
Hold
Maintains
$1$3
Hold Maintains $1$3 +188.46% Jul 31, 2023
TD Cowen
TD Cowen
Hold
Downgrades
$5$1
Hold Downgrades $5$1 -3.85% May 10, 2023
BTIG
BTIG
Hold
Downgrades
n/a
Hold Downgrades n/a n/a Mar 31, 2023
More Analyst Ratings

Financial Forecast

Revenue This Year
173.11M
from 35.84M
Increased by 383.02%
Revenue Next Year
498.01M
from 173.11M
Increased by 187.68%
EPS This Year
-0.41
from -1.21
EPS Next Year
-0.32
from -0.41
Year 20192020202120222023202420252026
Revenue
482.00K95.00K-49.73M35.84M173.11M498.01M1.39B
Revenue Growth
178.61%-80.29%---27.93%383.02%187.68%179.71%
EPS
-0.40-1.18-1.74-1.78-1.21-0.41-0.32-0.14
EPS Growth
--------
No. Analysts -----997
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 202420252026
High 197.4M 600.5M 1.5B
Avg 173.1M 498.0M 1.4B
Low 143.4M 407.4M 1.2B

Revenue Growth

Revenue Growth 202420252026
High
450.8%
246.9%
203.0%
Avg
383.0%
187.7%
179.7%
Low
300.0%
135.3%
140.8%

EPS Forecast

EPS 202420252026
High -0.35 -0.28 -0.08
Avg -0.41 -0.32 -0.14
Low -0.44 -0.34 -0.20

EPS Growth

EPS Growth 202420252026
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.