Workhorse Group Inc. (WKHS)
NASDAQ: WKHS · IEX Real-Time Price · USD
1.360
-0.160 (-10.53%)
At close: Jul 2, 2024, 4:00 PM
1.399
+0.039 (2.87%)
After-hours: Jul 2, 2024, 7:56 PM EDT
Workhorse Group Stock Forecast
WKHS's stock price has decreased by -93.13% in the past year and price targets may not have had time to catch up.
Stock Price Forecast
The 3 analysts with 12-month price forecasts for Workhorse Group stock have an average target of 25.33, with a low estimate of 6.00 and a high estimate of 60. The average target predicts an increase of 1,762.50% from the current stock price of 1.36.
Analyst Consensus: Hold
* Price targets were last updated on Apr 1, 2024.
Analyst Ratings
The average analyst rating for WKHS 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 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 3 | 3 | 2 | 2 | 2 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 1 | 1 | 1 | 1 |
| Total | 4 | 4 | 4 | 4 | 4 | 4 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| DA Davidson | DA Davidson | Hold Maintains $20 → $10 | Hold | Maintains | $20 → $10 | +635.29% | Apr 1, 2024 |
| RF Lafferty | RF Lafferty | Hold → Strong Sell Downgrades $6 | Hold → Strong Sell | Downgrades | $6 | +341.18% | Mar 13, 2024 |
| RF Lafferty | RF Lafferty | Strong Buy → Hold Downgrades $20 | Strong Buy → Hold | Downgrades | $20 | +1,370.59% | Nov 15, 2023 |
| BTIG | BTIG | Strong Buy → Hold Downgrades n/a | Strong Buy → Hold | Downgrades | n/a | n/a | Nov 15, 2023 |
| B. Riley Securities | B. Riley Securities | Strong Buy Maintains $80 → $60 | Strong Buy | Maintains | $80 → $60 | +4,311.76% | Jul 20, 2023 |
Financial Forecast
Revenue This Year
25.59M
from 13.09M
Increased by 95.44%
Revenue Next Year
87.38M
from 25.59M
Increased by 241.45%
EPS This Year
-0.31
from -12.00
EPS Next Year
-0.23
from -0.31
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 27.6M | 148.0M | 367.1M |
| Avg | 25.6M | 87.4M | 184.9M |
| Low | 23.5M | 55.0M | 12.7M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 110.6% | 478.1% | 320.1% |
| Avg | 95.4% | 241.4% | 111.6% |
| Low | 79.6% | 114.8% | -85.4% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -0.30 | -0.20 | -0.11 |
| Avg | -0.31 | -0.23 | -0.11 |
| Low | -0.30 | -0.25 | -0.10 |
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.