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NASDAQ: NKLA
Nikola Corp Stock Forecast, Predictions & Price Target

Analyst price target for NKLA

Based on 2 analysts offering 12 month price targets for Nikola Corp.
Min Forecast
$1.00+180.11%
Avg Forecast
$1.50+320.17%
Max Forecast
$2.00+460.22%

Should I buy or sell NKLA stock?

Based on 2 analysts offering ratings for Nikola Corp.
Buy
Strong Buy
0 analysts 0%
Buy
1 analysts 50%
Hold
1 analysts 50%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

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NKLA stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
lockedlocked$00.00+00.00%2024-06-12
lockedlocked$00.00+00.00%2024-01-24Find Out Why

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Forecast return on equity

Is NKLA forecast to generate an efficient return?
Company
-39.34%
Industry
48.57%
Market
62.12%
NKLA's Return on Equity is... subscribe to Premium to read more.
Forecast High Return on Equity Forecast

Forecast return on assets

Is NKLA forecast to generate an efficient return on assets?
Company
-20.02%
Industry
11.47%
NKLA is forecast to generate... subscribe to Premium to read more.
Forecast Return on Assets vs Industry Forecast

NKLA earnings per share forecast

What is NKLA's earnings per share in the next 3 years based on estimates from 1 analyst?
Avg 1 year Forecast
-$0.39
Avg 2 year Forecast
-$0.32
Avg 3 year Forecast
-$0.17

NKLA revenue forecast

What is NKLA's revenue in the next 3 years based on estimates from 1 analyst?
Avg 1 year Forecast
$117.7M+260.54%
Avg 2 year Forecast
$404.4M+1,138.21%
Avg 3 year Forecast
$675.8M+1,969.27%
NKLA's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

NKLA revenue growth forecast

How is NKLA forecast to perform vs Farm & Heavy Construction Machinery companies and vs the US market?
Company
249.67%
Industry
-2.3%
Market
9.18%
NKLA's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
NKLA's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

NKLA vs Agriculture Stocks

TickerPricePrice TargetUp/downsideConsensus
NKLA$0.36$1.50+320.17%Buy
TWI$7.21N/AN/A
SHYF$11.76$12.00+2.04%Hold
MTW$10.65$14.38+34.98%Sell
ASTE$30.22$37.00+22.44%Hold

Nikola Stock Forecast FAQ

Is Nikola Stock a good buy in 2024, according to Wall Street analysts?

The consensus among 2 Wall Street analysts covering (NASDAQ: NKLA) stock is to Buy NKLA stock.

Out of 2 analysts, 0 (0%) are recommending NKLA as a Strong Buy, 1 (50%) are recommending NKLA as a Buy, 1 (50%) are recommending NKLA as a Hold, 0 (0%) are recommending NKLA as a Sell, and 0 (0%) are recommending NKLA as a Strong Sell.

If you're new to stock investing, here's how to buy Nikola stock.

What is NKLA's earnings growth forecast for 2024-2026?

(NASDAQ: NKLA) Nikola's forecast annual earnings growth rate of N/A is not forecast to beat the US Farm & Heavy Construction Machinery industry's average forecast earnings growth rate of -2.88%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 20.32%.

Nikola's earnings in 2024 is -$944,910,000.On average, 1 Wall Street analyst forecast NKLA's earnings for 2024 to be -$529,055,002, with the lowest NKLA earnings forecast at -$529,055,002, and the highest NKLA earnings forecast at -$529,055,002. On average, 1 Wall Street analyst forecast NKLA's earnings for 2025 to be -$434,096,412, with the lowest NKLA earnings forecast at -$434,096,412, and the highest NKLA earnings forecast at -$434,096,412.

In 2026, NKLA is forecast to generate -$230,613,719 in earnings, with the lowest earnings forecast at -$230,613,719 and the highest earnings forecast at -$230,613,719.

What is NKLA's revenue growth forecast for 2024-2026?

(NASDAQ: NKLA) Nikola's forecast annual revenue growth rate of 249.67% is forecast to beat the US Farm & Heavy Construction Machinery industry's average forecast revenue growth rate of -2.3%, and it is also forecast to beat the US market's average forecast revenue growth rate of 9.18%.

Nikola's revenue in 2024 is $32,659,000.On average, 1 Wall Street analysts forecast NKLA's revenue for 2024 to be $159,732,557,375, with the lowest NKLA revenue forecast at $159,732,557,375, and the highest NKLA revenue forecast at $159,732,557,375. On average, 1 Wall Street analysts forecast NKLA's revenue for 2025 to be $548,570,348,340, with the lowest NKLA revenue forecast at $548,570,348,340, and the highest NKLA revenue forecast at $548,570,348,340.

In 2026, NKLA is forecast to generate $916,762,785,284 in revenue, with the lowest revenue forecast at $916,762,785,284 and the highest revenue forecast at $916,762,785,284.

What is NKLA's forecast return on assets (ROA) for 2024-2026?

(NASDAQ: NKLA) forecast ROA is -20.02%, which is lower than the forecast US Farm & Heavy Construction Machinery industry average of 11.47%.

What is NKLA's Price Target?

According to 2 Wall Street analysts that have issued a 1 year NKLA price target, the average NKLA price target is $1.50, with the highest NKLA stock price forecast at $2.00 and the lowest NKLA stock price forecast at $1.00.

On average, Wall Street analysts predict that Nikola's share price could reach $1.50 by Jun 12, 2025. The average Nikola stock price prediction forecasts a potential upside of 320.17% from the current NKLA share price of $0.36.

What is NKLA's Earnings Per Share (EPS) forecast for 2024-2026?

(NASDAQ: NKLA) Nikola's current Earnings Per Share (EPS) is -$0.98. On average, analysts forecast that NKLA's EPS will be -$0.39 for 2024, with the lowest EPS forecast at -$0.39, and the highest EPS forecast at -$0.39. On average, analysts forecast that NKLA's EPS will be -$0.32 for 2025, with the lowest EPS forecast at -$0.32, and the highest EPS forecast at -$0.32. In 2026, NKLA's EPS is forecast to hit -$0.17 (min: -$0.17, max: -$0.17).

What is NKLA's forecast return on equity (ROE) for 2024-2026?

(NASDAQ: NKLA) forecast ROE is -39.34%, which is considered weak.
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