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
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 '23 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 |
---|---|---|---|---|---|---|
Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
Buy | 0 | 0 | 0 | 1 | 1 | 1 |
Hold | 6 | 6 | 6 | 5 | 5 | 3 |
Sell | 0 | 0 | 0 | 0 | 0 | 0 |
Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
Total | 6 | 6 | 6 | 6 | 6 | 4 |
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 | Buy → Hold Downgrades $5 → $1 | Buy → Hold | Downgrades | $5 → $1 | -3.85% | May 10, 2023 |
BTIG | BTIG | Strong Buy → Hold Downgrades n/a | Strong Buy → Hold | Downgrades | n/a | n/a | Mar 31, 2023 |
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
Revenue Forecast
Revenue | 2024 | 2025 | 2026 |
---|---|---|---|
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 | 2024 | 2025 | 2026 |
---|---|---|---|
High | 450.8% | 246.9% | 203.0% |
Avg | 383.0% | 187.7% | 179.7% |
Low | 300.0% | 135.3% | 140.8% |
EPS Forecast
EPS | 2024 | 2025 | 2026 |
---|---|---|---|
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 | 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.