Workhorse Group Inc. (WKHS)
NASDAQ: WKHS · IEX Real-Time Price · USD
0.230
-0.002 (-0.82%)
Mar 28, 2024, 11:00 AM EDT - Market open

Workhorse Group Stock Forecast

WKHS's stock price has decreased by -81.74% 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 1.60, with a low estimate of 0.30 and a high estimate of 3.00. The average target predicts an increase of 595.65% from the current stock price of 0.23.

Analyst Consensus: Hold
Target Low Average Median High
Price $0.30 $1.60 $1.50 $3.00
Change +30.43% +595.65% +552.17% +1204.3%

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 Oct '23Nov '23Dec '23Jan '24Feb '24Mar '24
Strong Buy 111111
Buy 000000
Hold 233332
Sell 000000
Strong Sell 000001
Total 344444

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
RF Lafferty
RF Lafferty
Strong Sell
Downgrades
$0.3
Strong Sell Downgrades $0.3 +30.43% Mar 13, 2024
RF Lafferty
RF Lafferty
Hold
Downgrades
$1
Hold Downgrades $1 +334.78% Nov 15, 2023
BTIG
BTIG
Hold
Downgrades
n/a
Hold Downgrades n/a n/a Nov 15, 2023
B. Riley Securities
B. Riley Securities
Strong Buy
Maintains
$4$3
Strong Buy Maintains $4$3 +1,204.35% Jul 20, 2023
DA Davidson
DA Davidson
Hold
Maintains
$2$1.5
Hold Maintains $2$1.5 +552.17% May 16, 2023
More Analyst Ratings

Financial Forecast

Revenue This Year
68.90M
from 13.09M
Increased by 426.15%
Revenue Next Year
124.28M
from 68.90M
Increased by 80.38%
EPS This Year
-0.32
from -0.60
EPS Next Year
-0.22
from -0.32
Year 2019202020212022202320242025
Revenue
376.56K1.39M-851.92K5.02M13.09M68.90M124.28M
Revenue Growth
-50.66%269.80%--160.69%426.15%80.38%
EPS
-0.580.70-3.12-0.74-0.60-0.32-0.22
EPS Growth
-------
No. Analysts -----76
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20242025
High 94.5M 206.1M
Avg 68.9M 124.3M
Low 34.2M 34.3M

Revenue Growth

Revenue Growth 20242025
High
621.7%
199.1%
Avg
426.1%
80.4%
Low
161.2%
-50.2%

EPS Forecast

EPS 20242025
High -0.21 -0.19
Avg -0.32 -0.22
Low -0.43 -0.25

EPS Growth

EPS Growth 20242025
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.