NASDAQ: NKLA

Nikola Corp Stock Forecast, Predictions & Price Target

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.

(NASDAQ: NKLA) Nikola's forecast annual revenue growth rate of 271.37% is forecast to beat the US Farm & Heavy Construction Machinery industry's average forecast revenue growth rate of -1.65%, and it is also forecast to beat the US market's average forecast revenue growth rate of 9.3%.

Nikola's revenue in 2024 is $35,839,000.On average, 2 Wall Street analysts forecast NKLA's revenue for 2024 to be $257,008,419,355, with the lowest NKLA revenue forecast at $221,117,768,642, and the highest NKLA revenue forecast at $292,900,405,685. On average, 2 Wall Street analysts forecast NKLA's revenue for 2025 to be $713,142,368,046, with the lowest NKLA revenue forecast at $600,206,756,539, and the highest NKLA revenue forecast at $826,077,979,553.

In 2026, NKLA is forecast to generate $983,896,938,679 in revenue, with the lowest revenue forecast at $983,896,938,679 and the highest revenue forecast at $983,896,938,679.

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 Mar 5, 2025. The average Nikola stock price prediction forecasts a potential upside of 136.22% from the current NKLA share price of $0.64.

(NASDAQ: NKLA) forecast ROE is N/A, which is considered weak.