Nikola (NKLA) Stock Forecast, Price Target & Predictions


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NKLA Stock Forecast


Nikola stock forecast is as follows: an average price target of $9.57 (represents a 154.52% upside from NKLA’s last price of $3.76) and a rating consensus of 'Buy', based on 9 wall street analysts offering a 1-year stock forecast.

NKLA Price Target


The average price target for Nikola (NKLA) is $9.57 based on 1-year price targets from 9 Wall Street analysts in the past 3 months, with a price target range of $14.00 to $1.00. This represents a potential 154.52% upside from NKLA's last price of $3.76.

NKLA Analyst Ratings


Buy

According to 9 Wall Street analysts, Nikola's rating consensus is 'Buy'. The analyst rating breakdown for NKLA stock is 1 'Strong Buy' (11.11%), 5 'Buy' (55.56%), 3 'Hold' (33.33%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Nikola Price Target by Analyst


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Aug 08, 2024Michael ShliskyD.A. Davidson$12.00$7.3363.71%219.15%
Jul 03, 2024Ben KalloRobert W. Baird$14.00$8.0474.13%272.34%
Jun 12, 2024Michael ShliskyD.A. Davidson$1.00$0.5098.37%-73.40%
May 16, 2024Thomas MordelleBryan Garnier & Co Ltd$1.00$0.5678.89%-73.40%
Sep 14, 2022Gregory LewisBTIG$12.00$5.03138.57%219.15%
Aug 24, 2022Emmanuel RosnerDeutsche Bank$8.00$5.8337.22%112.77%
Jun 28, 2022Chris McNallyEvercore ISI$10.00$5.2989.04%165.96%
May 10, 2022Daniel IvesWedbush$10.00$5.5480.34%165.96%
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The latest Nikola stock forecast, released on Aug 08, 2024 by Michael Shlisky from D.A. Davidson, set a price target of $12.00, which represents a 63.71% increase from the stock price at the time of the forecast ($7.33), and a 219.15% increase from NKLA last price ($3.76).

Nikola Price Target by Period


1M3M12M
# Anlaysts-14
Avg Price Target-$12.00$7.00
Last Closing Price$3.76$3.76$3.76
Upside/Downside-100.00%219.15%86.17%

In the current month, the average price target of Nikola stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Nikola's last price of $3.76. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades


DateCompanyPrevious RatingNew RatingRating Change
May 08, 2024Cowen & Co.HoldHoldHold
Apr 09, 2024Wolfe Research-Peer PerformInitialise
Sep 14, 2022B. Riley-BuyInitialise
Sep 14, 2022Loop Capital MarketsOverweightBuyInitialise
Sep 14, 2022Raymond James-Strong BuyInitialise
Sep 14, 2022Cowen & Co.-OverweightInitialise
Sep 14, 2022RBC CapitalSector PerformOutperformInitialise
Aug 24, 2022Deutsche BankHoldHoldHold
May 10, 2022WedbushNeutralNeutralHold
Feb 25, 2022Deutsche BankHoldHoldHold
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Nikola's last stock rating was published by Cowen & Co. on May 08, 2024. The company gave NKLA a "Hold" rating, the same as its previous rate.

Nikola Financial Forecast


Nikola Revenue Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Jun 21Dec 20Sep 20Jun 20
Revenue---------$25.18M$31.32M$7.50M$11.53M$-1.73M$15.36M$11.12M$6.56M$24.24M$18.13M$1.89M----$36.00K
Avg Forecast$239.08M$217.66M$186.05M$164.90M$109.00M$97.36M$80.75M$70.81M$47.30M$37.23M$26.19M$15.78M$13.15M$9.54M$15.00M$12.88M$32.12M$22.70M$16.57M$112.50K$2.26M$16.67K$10.00K$10.00K$15.00K
High Forecast$314.27M$286.12M$244.57M$216.76M$143.28M$127.98M$106.14M$94.22M$61.06M$37.80M$34.43M$15.78M$14.25M$14.73M$19.71M$16.94M$42.22M$22.70M$16.57M$112.50K$2.26M$16.67K$10.00K$10.00K$15.00K
Low Forecast$171.27M$155.93M$133.28M$118.13M$78.08M$69.75M$57.84M$48.95M$35.61M$36.65M$18.76M$15.78M$12.05M$634.89K$10.74M$9.23M$23.01M$22.70M$16.57M$112.50K$2.26M$16.67K$10.00K$10.00K$15.00K
# Analysts1111111342112544333344444
Surprise %---------0.68%1.20%0.48%0.88%-0.18%1.02%0.86%0.20%1.07%1.09%16.77%----2.40%

Nikola's average Quarter revenue forecast for Dec 24 based on 4 analysts is $47.30M, with a low forecast of $35.61M, and a high forecast of $61.06M. NKLA's average Quarter revenue forecast represents a 87.82% increase compared to the company's last Quarter revenue of $25.18M (Sep 24).

Nikola EBITDA Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Jun 21Dec 20Sep 20Jun 20
# Analysts1111111342112544333344444
EBITDA---------$-178.79M$-131.12M$-145.36M$-127.84M$-226.17M$-168.63M$-144.08M$-195.80M$-220.30M$-165.69M$-146.37M$-156.37M$-141.23M$-146.26M$-116.02M$-85.24M
Avg Forecast$-239.08M$-217.66M$-186.05M$-164.90M$-109.00M$-97.36M$-80.75M$-70.81M$-47.30M$-37.23M$-26.19M$-15.78M$-13.15M$-9.54M$-15.00M$-12.88M$-187.50M$-22.70M$-16.57M$-112.50K$-2.26M$-16.67K$-10.00K$-10.00K$-65.57M
High Forecast$-171.27M$-155.93M$-133.28M$-118.13M$-78.08M$-69.75M$-57.84M$-48.95M$-35.61M$-36.65M$-18.76M$-15.78M$-12.05M$-634.89K$-10.74M$-9.23M$-150.00M$-22.70M$-16.57M$-112.50K$-2.26M$-16.67K$-10.00K$-10.00K$-52.45M
Low Forecast$-314.27M$-286.12M$-244.57M$-216.76M$-143.28M$-127.98M$-106.14M$-94.22M$-61.06M$-37.80M$-34.43M$-15.78M$-14.25M$-14.73M$-19.71M$-16.94M$-225.00M$-22.70M$-16.57M$-112.50K$-2.26M$-16.67K$-10.00K$-10.00K$-78.68M
Surprise %---------4.80%5.01%9.21%9.72%23.72%11.25%11.18%1.04%9.71%10.00%1301.02%69.33%8473.75%14626.30%11602.40%1.30%

undefined analysts predict NKLA's average Quarter EBITDA for undefined to be $NaN, with a high of $NaN and a low of $NaN. This is NaN% lower than Nikola's previous annual EBITDA (undefined) of $NaN.

Nikola Net Income Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Jun 21Dec 20Sep 20Jun 20
# Analysts1111111342112544333344444
Net Income---------$-199.95M$-133.67M$-147.56M$-153.60M$-425.50M$-217.83M$-169.09M$-207.47M$-234.25M$-171.73M$-151.75M$-159.42M$-143.23M$-147.04M$-117.47M$-86.64M
Avg Forecast$-53.50B$-62.53B$-74.61B$-73.93B$-87.88B$-95.07B$-106.25B$-111.26B$-113.06B$-114.96B$-143.02B$-226.18M$-203.07B$-213.83B$-339.09B$-205.62M$-190.98M$-510.53M$-371.58M$-186.93M$-444.62M$-421.88M$-330.21M$-273.19M$-66.65M
High Forecast$-33.77B$-39.47B$-47.10B$-46.67B$-55.47B$-60.02B$-67.07B$-92.71B$-105.02B$-72.57B$-90.29B$-180.95M$-177.69B$-156.81B$-214.06B$-164.50M$-152.78M$-510.53M$-371.58M$-149.54M$-444.62M$-421.88M$-330.21M$-273.19M$-53.32M
Low Forecast$-75.37B$-88.09B$-105.12B$-104.15B$-123.80B$-133.94B$-149.69B$-129.80B$-122.10B$-161.96B$-201.50B$-271.42M$-215.76B$-270.86B$-477.73B$-246.74M$-229.17M$-510.53M$-371.58M$-224.31M$-444.62M$-421.88M$-330.21M$-273.19M$-79.98M
Surprise %---------0.00%0.00%0.65%0.00%0.00%0.00%0.82%1.09%0.46%0.46%0.81%0.36%0.34%0.45%0.43%1.30%

Nikola's average Quarter net income forecast for undefined is $NaN, with a range of $NaN to $NaN. NKLA's average Quarter net income forecast represents a NaN% decrease compared to the company's last Quarter net income of $NaN (undefined).

Nikola SG&A Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Jun 21Dec 20Sep 20Jun 20
# Analysts1111111342112544333344444
SG&A---------$41.63M$36.24M$48.29M$39.33M$57.98M$58.76M$53.71M$80.24M$132.87M$79.87M$77.18M$71.55M$70.67M$64.84M$65.83M$44.15M
Avg Forecast$296.19B$269.66B$230.50B$204.30B$135.04B$120.62B$100.04B$87.73B$58.59B$46.12B$32.45B$19.55B$16.30B$11.81B$18.58B$15.96B$39.80B$28.12B$20.53B$139.38M$2.79B$20.65M$12.39M$12.39M$18.58M
High Forecast$389.35B$354.47B$303.00B$268.55B$177.51B$158.56B$131.50B$116.73B$75.65B$46.83B$42.65B$19.55B$17.65B$18.25B$24.42B$20.98B$52.31B$28.12B$20.53B$139.38M$2.79B$20.65M$12.39M$12.39M$18.58M
Low Forecast$212.18B$193.18B$165.12B$146.35B$96.74B$86.41B$71.66B$60.64B$44.12B$45.40B$23.24B$19.55B$14.93B$786.57M$13.31B$11.44B$28.51B$28.12B$20.53B$139.38M$2.79B$20.65M$12.39M$12.39M$18.58M
Surprise %---------0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.55%0.03%3.42%5.23%5.31%2.38%

Nikola's average Quarter SG&A projection for Dec 24 is $58.59B, based on 4 Wall Street analysts, with a range of $44.12B to $75.65B. The forecast indicates a 140653.25% rise compared to NKLA last annual SG&A of $41.63M (Sep 24).

Nikola EPS Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Jun 21Dec 20Sep 20Jun 20
# Analysts1111111342112544333344444
EPS---------$-0.00$-0.00$-0.00$-0.00$-0.50$-0.00$-0.31$-0.43$-0.53$-0.40$-0.37$-0.39$-0.36$-0.38$-0.31$-0.33
Avg Forecast$-1.04$-1.22$-1.45$-1.44$-1.71$-1.85$-2.07$-2.17$-2.20$-2.24$-2.78$-2.94$-3.95$-4.16$-6.60$-7.92$-12.96$-10.93$-7.96$-7.45$-9.52$-9.03$-7.07$-5.85$-3.99
High Forecast$-0.66$-0.77$-0.92$-0.91$-1.08$-1.17$-1.31$-1.80$-2.04$-1.41$-1.76$-1.86$-3.46$-3.05$-4.17$-5.00$-8.18$-10.93$-7.96$-7.45$-9.52$-9.03$-7.07$-5.85$-3.99
Low Forecast$-1.47$-1.71$-2.05$-2.03$-2.41$-2.61$-2.91$-2.53$-2.38$-3.15$-3.92$-4.14$-4.20$-5.27$-9.30$-11.16$-18.26$-10.93$-7.96$-7.45$-9.52$-9.03$-7.07$-5.85$-3.99
Surprise %---------0.00%0.00%0.00%0.00%0.12%0.00%0.04%0.03%0.05%0.05%0.05%0.04%0.04%0.05%0.05%0.08%

According to undefined Wall Street analysts, Nikola's projected average Quarter EPS for undefined is $NaN, with a low estimate of $NaN and a high estimate of $NaN. This represents a NaN% decrease compared to NKLA previous annual EPS of $NaN (undefined).

Nikola Peer Comparison by Price Target


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
LEVLion Electric Company$0.61$1.80195.08%Hold
NKLANikola$3.76$9.57154.52%Buy
HYFMHydrofarm Group$0.61$1.50145.90%Hold
XOSXos$4.39$9.13107.97%Hold
CNHICNH Industrial NV$11.45$17.0048.47%Buy
AGCOAGCO$99.39$137.7938.64%Hold
WNCWabash National$17.45$23.2533.24%Hold
DEDeere & Company$400.42$424.706.06%Buy
PCARPACCAR$103.35$92.03-10.95%Hold
CATCaterpillar$379.63$286.23-24.60%Buy

NKLA Forecast FAQ


Yes, according to 9 Wall Street analysts, Nikola (NKLA) is considered a 'Buy'. The rating consensus is based on 1 'Strong Buy' and 5 'Buy' recommendations, accounting for 66.67% of NKLA's total ratings.

Nikola (NKLA) average price target is $9.57 with a range of $1 to $14, implying a 154.52% from its last price of $3.76. The data is based on 9 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

According to Wall Street analysts' prediction for NKLA stock, the company can go up by 154.52% (from the last price of $3.76 to the average price target of $9.57), up by 272.34% based on the highest stock price target, and down by -73.40% based on the lowest stock price target.

NKLA's average twelve months analyst stock price target of $9.57 supports the claim that Nikola can reach $6 in the near future.

Nikola's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $357.91M (high $471.62M, low $254.62M), average EBITDA is $-358M (high $-255M, low $-472M), average net income is $-400B (high $-275B, low $-537B), average SG&A $443.42B (high $584.29B, low $315.45B), and average EPS is $-7.792 (high $-5.357, low $-10.454). NKLA's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $807.69M (high $1.06B, low $578.61M), average EBITDA is $-808M (high $-579M, low $-1.062B), average net income is $-265B (high $-167B, low $-373B), average SG&A $1T (high $1.32T, low $716.84B), and average EPS is $-5.148 (high $-3.25, low $-7.253).

Based on Nikola's last annual report (Dec 2023), the company's revenue was $35.84M, which missed the average analysts forecast of $50.57M by -29.13%. Apple's EBITDA was $-650M, beating the average prediction of $-50.569M by 1185.03%. The company's net income was $-966M, missing the average estimation of $-756B by -99.87%. Apple's SG&A was $198.77M, missing the average forecast of $62.65B by -99.68%. Lastly, the company's EPS was $-0.0012, missing the average prediction of $-22.632 by -99.99%. In terms of the last quarterly report (Sep 2024), Nikola's revenue was $25.18M, missing the average analysts' forecast of $37.23M by -32.35%. The company's EBITDA was $-179M, beating the average prediction of $-37.225M by 380.30%. Nikola's net income was $-200M, missing the average estimation of $-115B by -99.83%. The company's SG&A was $41.63M, missing the average forecast of $46.12B by -99.91%. Lastly, the company's EPS was $-0.0039, missing the average prediction of $-2.237 by -99.83%