Nikola Corporation (NKLA)
NASDAQ: NKLA · IEX Real-Time Price · USD
0.620
-0.015 (-2.41%)
At close: Apr 24, 2024, 4:00 PM
0.628
+0.008 (1.29%)
After-hours: Apr 24, 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 114.52% from the current stock price of 0.62.
Analyst Consensus: Hold
* Price targets were last updated on Mar 5, 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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 0 | 0 | 1 | 1 | 1 | 1 |
| Hold | 6 | 6 | 5 | 5 | 4 | 3 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 6 | 6 | 6 | 6 | 5 | 4 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Wolfe Research | Wolfe Research | Hold Initiates n/a | Hold | Initiates | n/a | n/a | Apr 9, 2024 |
| DA Davidson | DA Davidson | Hold Reiterates $1 | Hold | Reiterates | $1 | +61.29% | Mar 5, 2024 |
| Baird | Baird | Buy Initiates $2 | Buy | Initiates | $2 | +222.58% | Jan 24, 2024 |
| DA Davidson | DA Davidson | Hold Maintains $1 → $3 | Hold | Maintains | $1 → $3 | +383.87% | Jul 31, 2023 |
| TD Cowen | TD Cowen | Buy → Hold Downgrades $5 → $1 | Buy → Hold | Downgrades | $5 → $1 | +61.29% | May 10, 2023 |
Financial Forecast
Revenue This Year
174.18M
from 35.84M
Increased by 386.01%
Revenue Next Year
498.08M
from 174.18M
Increased by 185.96%
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 | 174.2M | 498.1M | 1.4B |
| Low | 149.0M | 407.4M | 1.2B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 450.8% | 244.7% | 203.0% |
| Avg | 386.0% | 186.0% | 179.7% |
| Low | 315.6% | 133.9% | 140.7% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -0.35 | -0.28 | -0.08 |
| Avg | -0.41 | -0.32 | -0.14 |
| Low | -0.45 | -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.