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 401.05% upside from NKLA’s last price of $1.91) 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 401.05% upside from NKLA's last price of $1.91.

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

Date	Analyst	Company	Price Target	Price when Published	Price Target/Price when Published	Price Target/Last Closing Price
Aug 08, 2024	Michael Shlisky	D.A. Davidson	$12.00	$7.33	63.71%	528.27%
Jul 03, 2024	Ben Kallo	Robert W. Baird	$14.00	$8.04	74.13%	632.98%
Jun 12, 2024	Michael Shlisky	D.A. Davidson	$1.00	$0.50	98.37%	-47.64%
May 16, 2024	Thomas Mordelle	Bryan Garnier & Co Ltd	$1.00	$0.56	78.89%	-47.64%
Sep 14, 2022	Gregory Lewis	BTIG	$12.00	$5.03	138.57%	528.27%
Aug 24, 2022	Emmanuel Rosner	Deutsche Bank	$8.00	$5.83	37.22%	318.85%
Jun 28, 2022	Chris McNally	Evercore ISI	$10.00	$5.29	89.04%	423.56%
May 10, 2022	Daniel Ives	Wedbush	$10.00	$5.54	80.34%	423.56%

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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 528.27% increase from NKLA last price ($1.91).

Nikola Price Target by Period

	1M	3M	12M
# Anlaysts	-	-	4
Avg Price Target	-	-	$7.00
Last Closing Price	$1.91	$1.91	$1.91
Upside/Downside	-100.00%	-100.00%	266.49%

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 $1.91. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

Date	Company	Previous Rating	New Rating	Rating Change
May 08, 2024	Cowen & Co.	Hold	Hold	Hold
Apr 09, 2024	Wolfe Research	-	Peer Perform	Initialise
Sep 14, 2022	B. Riley	-	Buy	Initialise
Sep 14, 2022	Loop Capital Markets	Overweight	Buy	Initialise
Sep 14, 2022	Raymond James	-	Strong Buy	Initialise
Sep 14, 2022	Cowen & Co.	-	Overweight	Initialise
Sep 14, 2022	RBC Capital	Sector Perform	Outperform	Initialise
Aug 24, 2022	Deutsche Bank	Hold	Hold	Hold
May 10, 2022	Wedbush	Neutral	Neutral	Hold
Feb 25, 2022	Deutsche Bank	Hold	Hold	Hold

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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 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Jun 21	Dec 20	Sep 20	Jun 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	$180.51M	$162.91M	$139.86M	$124.41M	$77.83M	$73.28M	$61.63M	$56.81M	$42.27M	$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	$203.26M	$183.44M	$157.49M	$140.09M	$87.64M	$82.52M	$69.39M	$65.88M	$45.40M	$37.80M	$29.49M	$15.78M	$14.25M	$14.73M	$16.89M	$14.51M	$36.17M	$22.70M	$16.57M	$112.50K	$2.26M	$16.67K	$10.00K	$10.00K	$15.00K
Low Forecast	$146.08M	$131.84M	$113.19M	$100.68M	$62.99M	$59.30M	$49.87M	$43.29M	$37.30M	$36.65M	$21.19M	$15.78M	$12.05M	$634.89K	$12.14M	$10.43M	$26.00M	$22.70M	$16.57M	$112.50K	$2.26M	$16.67K	$10.00K	$10.00K	$15.00K
# Analysts	1	1	1	1	1	1	1	3	3	1	1	1	2	5	4	4	3	3	3	3	4	4	4	4	4
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 3 analysts is $42.27M, with a low forecast of $37.30M, and a high forecast of $45.40M. NKLA's average Quarter revenue forecast represents a 67.86% increase compared to the company's last Quarter revenue of $25.18M (Sep 24).

Nikola EBITDA Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Jun 21	Dec 20	Sep 20	Jun 20
# Analysts	1	1	1	1	1	1	1	3	3	1	1	1	2	5	4	4	3	3	3	3	4	4	4	4	4
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	$-180.51M	$-162.91M	$-139.86M	$-124.41M	$-77.83M	$-73.28M	$-61.63M	$-56.81M	$-42.27M	$-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	$-146.08M	$-131.84M	$-113.19M	$-100.68M	$-62.99M	$-59.30M	$-49.87M	$-43.29M	$-37.30M	$-36.65M	$-21.19M	$-15.78M	$-12.05M	$-634.89K	$-12.14M	$-10.43M	$-150.00M	$-22.70M	$-16.57M	$-112.50K	$-2.26M	$-16.67K	$-10.00K	$-10.00K	$-52.45M
Low Forecast	$-203.26M	$-183.44M	$-157.49M	$-140.09M	$-87.64M	$-82.52M	$-69.39M	$-65.88M	$-45.40M	$-37.80M	$-29.49M	$-15.78M	$-14.25M	$-14.73M	$-16.89M	$-14.51M	$-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 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Jun 21	Dec 20	Sep 20	Jun 20
# Analysts	1	1	1	1	1	1	1	3	3	1	1	1	2	5	4	4	3	3	3	3	4	4	4	4	4
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	$-53.50M	$-62.53M	$-74.61M	$-73.93M	$-87.49M	$-95.97M	$-108.30M	$-114.21M	$-114.85M	$-114.96M	$-143.02M	$-226.18M	$-203.07M	$-213.83M	$-339.09M	$-205.62M	$-190.98M	$-510.53M	$-371.58M	$-186.93M	$-444.62M	$-421.88M	$-330.21M	$-273.19M	$-66.65M
High Forecast	$-40.23M	$-47.02M	$-56.11M	$-55.60M	$-65.80M	$-72.17M	$-81.45M	$-73.65M	$-104.37M	$-86.46M	$-107.56M	$-180.95M	$-177.69M	$-156.81M	$-255.02M	$-164.50M	$-152.78M	$-510.53M	$-371.58M	$-149.54M	$-444.62M	$-421.88M	$-330.21M	$-273.19M	$-53.32M
Low Forecast	$-62.26M	$-72.77M	$-86.84M	$-86.04M	$-101.82M	$-111.69M	$-126.05M	$-148.54M	$-121.35M	$-133.80M	$-166.46M	$-271.42M	$-215.76M	$-270.86M	$-394.65M	$-246.74M	$-229.17M	$-510.53M	$-371.58M	$-224.31M	$-444.62M	$-421.88M	$-330.21M	$-273.19M	$-79.98M
Surprise %	-	-	-	-	-	-	-	-	-	1.74%	0.93%	0.65%	0.76%	1.99%	0.64%	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 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Jun 21	Dec 20	Sep 20	Jun 20
# Analysts	1	1	1	1	1	1	1	3	3	1	1	1	2	5	4	4	3	3	3	3	4	4	4	4	4
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	$223.68B	$201.87B	$173.31B	$154.16B	$96.44B	$90.80B	$76.36B	$70.40B	$52.38B	$46.13B	$32.45B	$19.55B	$16.30B	$11.82B	$18.58B	$15.97B	$39.80B	$28.12B	$20.53B	$139.38M	$2.79B	$20.65M	$12.39M	$12.39M	$18.58M
High Forecast	$251.87B	$227.31B	$195.15B	$173.59B	$108.60B	$102.25B	$85.99B	$81.64B	$56.25B	$46.84B	$36.54B	$19.55B	$17.66B	$18.25B	$20.92B	$17.98B	$44.82B	$28.12B	$20.53B	$139.38M	$2.79B	$20.65M	$12.39M	$12.39M	$18.58M
Low Forecast	$181.02B	$163.37B	$140.25B	$124.76B	$78.05B	$73.49B	$61.80B	$53.65B	$46.22B	$45.41B	$26.26B	$19.55B	$14.93B	$786.72M	$15.04B	$12.92B	$32.21B	$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 $52.38B, based on 3 Wall Street analysts, with a range of $46.22B to $56.25B. The forecast indicates a 125722.99% rise compared to NKLA last annual SG&A of $41.63M (Sep 24).

Nikola EPS Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Jun 21	Dec 20	Sep 20	Jun 20
# Analysts	1	1	1	1	1	1	1	3	3	1	1	1	2	5	4	4	3	3	3	3	4	4	4	4	4
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	$-1.70	$-1.87	$-2.11	$-2.22	$-2.23	$-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	$-0.78	$-0.92	$-1.09	$-1.08	$-1.28	$-1.40	$-1.58	$-1.43	$-2.03	$-1.68	$-2.09	$-2.21	$-3.46	$-3.05	$-4.96	$-5.96	$-9.75	$-10.93	$-7.96	$-7.45	$-9.52	$-9.03	$-7.07	$-5.85	$-3.99
Low Forecast	$-1.21	$-1.42	$-1.69	$-1.67	$-1.98	$-2.17	$-2.45	$-2.89	$-2.36	$-2.60	$-3.24	$-3.42	$-4.20	$-5.27	$-7.68	$-9.22	$-15.08	$-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

Ticker	Company	Last Closing Price	Avg Price Target	Upside/Downside	Avg Rating
LEV	Lion Electric Company	$0.19	$1.80	847.37%	Hold
NKLA	Nikola	$1.91	$9.57	401.05%	Buy
HYFM	Hydrofarm Group	$0.61	$1.50	145.90%	Hold
XOS	Xos	$3.86	$9.13	136.53%	Hold
AGCO	AGCO	$91.98	$137.50	49.49%	Hold
CNHI	CNH Industrial NV	$11.45	$17.00	48.47%	Buy
WNC	Wabash National	$18.44	$23.25	26.08%	Hold
DE	Deere & Company	$404.96	$424.70	4.87%	Buy
PCAR	PACCAR	$109.99	$94.67	-13.93%	Buy
CAT	Caterpillar	$381.50	$286.23	-24.97%	Buy

NKLA Forecast FAQ

Is Nikola a good buy?

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.

What is NKLA's price target?

Nikola (NKLA) average price target is $9.57 with a range of $1 to $14, implying a 401.05% from its last price of $1.91. The data is based on 9 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Nikola stock go up soon?

According to Wall Street analysts' prediction for NKLA stock, the company can go up by 401.05% (from the last price of $1.91 to the average price target of $9.57), up by 632.98% based on the highest stock price target, and down by -47.64% based on the lowest stock price target.

Can Nikola stock reach $3?

NKLA's average twelve months analyst stock price target of $9.57 supports the claim that Nikola can reach $3 in the near future.

What are Nikola's analysts' financial forecasts?

Nikola's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $269.55M (high $305.43M, low $215.46M), average EBITDA is $-270M (high $-215M, low $-305M), average net income is $-406M (high $-293M, low $-488M), average SG&A $334.01B (high $378.47B, low $266.98B), and average EPS is $-7.9 (high $-5.703, low $-9.498). NKLA's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $607.69M (high $684.27M, low $491.79M), average EBITDA is $-608M (high $-492M, low $-684M), average net income is $-265M (high $-199M, low $-308M), average SG&A $753.01B (high $847.92B, low $609.4B), and average EPS is $-5.148 (high $-3.872, low $-5.992).

Did the NKLA's actual financial results beat the analysts' financial forecasts?

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, beating the average estimation of $-962M by 0.48%. Apple's SG&A was $198.77M, missing the average forecast of $62.66B 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, beating the average estimation of $-115M by 73.93%. The company's SG&A was $41.63M, missing the average forecast of $46.13B by -99.91%. Lastly, the company's EPS was $-0.0039, missing the average prediction of $-2.237 by -99.83%