Nikola Corporation (NKLA)
NASDAQ: NKLA · Real-Time Price · USD
5.40
+0.29 (5.68%)
At close: Sep 13, 2024, 4:00 PM
5.36
-0.04 (-0.74%)
After-hours: Sep 13, 2024, 7:50 PM EDT
NKLA's stock price has decreased by -79.3% in the past year and price targets may not have had time to catch up.
Stock Price Forecast
The 2 analysts with 12-month price forecasts for Nikola stock have an average target of 35, with a low estimate of 10 and a high estimate of 60. The average target predicts an increase of 548.15% from the current stock price of 5.40.
Analyst Consensus: Hold
| Target | Low | Average | Median | High |
|---|---|---|---|---|
| Price | $10 | $35 | $60 | $60 |
| Change | +85.19% | +548.15% | +1011.1% | +1011.1% |
* Price targets were last updated on Aug 12, 2024.
Analyst Ratings
The average analyst rating for Nikola stock from 3 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Apr '24 | May '24 | Jun '24 | Jul '24 | Aug '24 | Sep '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Hold | 3 | 3 | 2 | 2 | 2 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 4 | 4 | 3 | 3 | 3 | 3 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| DA Davidson | DA Davidson | Hold Maintains $12 → $10 | Hold | Maintains | $12 → $10 | +85.19% | Aug 12, 2024 |
| DA Davidson | DA Davidson | Hold Maintains $30 | Hold | Maintains | $30 | +455.56% | Jun 12, 2024 |
| Wolfe Research | Wolfe Research | Hold Initiates n/a | Hold | Initiates | n/a | n/a | Apr 9, 2024 |
| DA Davidson | DA Davidson | Hold Reiterates $30 | Hold | Reiterates | $30 | +455.56% | Mar 5, 2024 |
| Baird | Baird | Buy Initiates $60 | Buy | Initiates | $60 | +1,011.11% | Jan 24, 2024 |
Financial Forecast
Revenue This Year
136.04M
from 35.84M
Increased by 279.59%
from 35.84M
Revenue Next Year
423.98M
from 136.04M
Increased by 211.66%
from 136.04M
EPS This Year
-10.40
from -36.30
from -36.30
EPS Next Year
-7.83
from -10.40
from -10.40
| Fiscal Year | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| Period Ending | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 | Dec 31, 2026 | ||
| Revenue | 482.00K | 95.00K | - | 49.73M | 35.84M | 136.04M | 423.98M | 951.72M | ||
| Revenue Growth | 178.61% | -80.29% | - | - | -27.93% | 279.59% | 211.66% | 124.47% | ||
| EPS | -12.05 | -35.53 | -52.17 | -53.40 | -36.30 | -10.40 | -7.83 | -4.46 | ||
| EPS Growth | - | - | - | - | - | - | - | - | ||
| Forward PE | - | - | - | - | - | - | - | - | ||
| No. Analysts | - | - | - | - | - | 9 | 9 | 7 |
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 162.0M | 532.9M | 1.4B | ||
| Avg | 136.0M | 424.0M | 951.7M | ||
| Low | 117.5M | 315.2M | 518.3M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 352.1% | 291.7% | 237.5% | ||
| Avg | 279.6% | 211.7% | 124.5% | ||
| Low | 227.8% | 131.7% | 22.3% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -10.23 | -7.72 | -4.33 |
| Avg | -10.40 | -7.83 | -4.46 |
| Low | -10.44 | -7.77 | -4.63 |
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.
