Nikola (NKLA) Stock Forecast, Price Target & Predictions
NKLA Stock Forecast
Nikola stock forecast is as follows: an average price target of $9.57 (represents a 77.22% upside from NKLA’s last price of $5.40) 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 77.22% upside from NKLA's last price of $5.40.
NKLA Analyst Ratings
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% | 122.22% |
| Jul 03, 2024 | Ben Kallo | Robert W. Baird | $14.00 | $8.04 | 74.13% | 159.26% |
| Jun 12, 2024 | Michael Shlisky | D.A. Davidson | $1.00 | $0.50 | 98.37% | -81.48% |
| May 16, 2024 | Thomas Mordelle | Bryan Garnier & Co Ltd | $1.00 | $0.56 | 78.89% | -81.48% |
| Sep 14, 2022 | Gregory Lewis | BTIG | $12.00 | $5.03 | 138.57% | 122.22% |
| Aug 24, 2022 | Emmanuel Rosner | Deutsche Bank | $8.00 | $5.83 | 37.22% | 48.15% |
| Jun 28, 2022 | Chris McNally | Evercore ISI | $10.00 | $5.29 | 89.04% | 85.19% |
| May 10, 2022 | Daniel Ives | Wedbush | $10.00 | $5.54 | 80.34% | 85.19% |
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 122.22% increase from NKLA last price ($5.40).
Nikola Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 2 | 4 |
| Avg Price Target | - | $13.00 | $7.00 |
| Last Closing Price | $5.40 | $5.40 | $5.40 |
| Upside/Downside | -100.00% | 140.74% | 29.63% |
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 $5.40. 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
| 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 |
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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Dec 20 | Sep 20 | Jun 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | $31.32M | $7.50M | $11.53M | $-1.73M | $15.36M | $11.12M | $6.56M | $24.24M | - | $1.89M | - | - | - | - | - | $36.00K |
| Avg Forecast | $264.23M | $242.39M | $209.85M | $188.23M | $133.05M | $112.39M | $92.21M | $79.84M | $53.36M | $37.00M | $26.19M | $15.78M | $13.15M | $9.54M | $15.00M | $12.88M | $32.12M | $22.70M | $16.57M | $112.50K | $2.26M | $1.25M | $16.67K | $10.00K | $10.00K | $15.00K |
| High Forecast | $299.43M | $274.69M | $237.81M | $213.31M | $150.77M | $127.37M | $104.50M | $90.47M | $60.47M | $41.93M | $29.68M | $17.88M | $14.25M | $14.73M | $16.99M | $14.60M | $36.40M | $25.72M | $16.57M | $140.24K | $2.81M | $1.50M | $20.78K | $12.46K | $12.46K | $18.70K |
| Low Forecast | $238.52M | $218.81M | $189.43M | $169.92M | $120.10M | $101.46M | $83.24M | $72.07M | $48.17M | $33.40M | $23.64M | $14.24M | $12.05M | $634.89K | $13.54M | $11.63M | $29.00M | $20.49M | $16.57M | $81.05K | $1.62M | $1.00M | $12.01K | $7.20K | $7.20K | $10.81K |
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 5 | 1 | 1 | 2 | 5 | 4 | 4 | 3 | 3 | 1 | 7 | 15 | 17 | 10 | 11 | 8 | 8 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | 1.20% | 0.48% | 0.88% | -0.18% | 1.02% | 0.86% | 0.20% | 1.07% | - | 16.77% | - | - | - | - | - | 2.40% |
Nikola's average Quarter revenue forecast for Sep 24 based on 5 analysts is $37.00M, with a low forecast of $33.40M, and a high forecast of $41.93M. NKLA's average Quarter revenue forecast represents a 18.14% increase compared to the company's last Quarter revenue of $31.32M (Jun 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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Dec 20 | Sep 20 | Jun 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 5 | 1 | 1 | 2 | 5 | 4 | 4 | 3 | 3 | 1 | 7 | 15 | 17 | 10 | 11 | 8 | 8 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | $-131.12M | $-145.36M | $-127.84M | $-226.17M | $-168.63M | $-144.08M | $-195.80M | $-220.30M | - | $-146.37M | $-156.37M | $-265.20M | $-141.23M | $-146.26M | $-116.02M | $-85.24M |
| Avg Forecast | $-264.23M | $-242.39M | $-209.85M | $-188.23M | $-133.05M | $-112.39M | $-92.21M | $-79.84M | $-53.36M | $-37.00M | $-26.19M | $-15.78M | $-13.15M | $-9.54M | $-15.00M | $-12.88M | $-32.12M | $-101.04M | $-16.57M | $-112.50K | $-200.53M | $-108.06M | $-171.99M | $-146.51M | $-134.15M | $-65.57M |
| High Forecast | $-238.52M | $-218.81M | $-189.43M | $-169.92M | $-120.10M | $-101.46M | $-83.24M | $-72.07M | $-48.17M | $-33.40M | $-23.64M | $-14.24M | $-12.05M | $-634.89K | $-13.54M | $-11.63M | $-29.00M | $-80.83M | $-16.57M | $-81.05K | $-160.43M | $-86.45M | $-137.59M | $-117.21M | $-107.32M | $-52.45M |
| Low Forecast | $-299.43M | $-274.69M | $-237.81M | $-213.31M | $-150.77M | $-127.37M | $-104.50M | $-90.47M | $-60.47M | $-41.93M | $-29.68M | $-17.88M | $-14.25M | $-14.73M | $-16.99M | $-14.60M | $-36.40M | $-121.25M | $-16.57M | $-140.24K | $-240.64M | $-129.68M | $-206.39M | $-175.81M | $-160.98M | $-78.68M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | 5.01% | 9.21% | 9.72% | 23.72% | 11.25% | 11.18% | 6.10% | 2.18% | - | 1301.02% | 0.78% | 2.45% | 0.82% | 1.00% | 0.86% | 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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Dec 20 | Sep 20 | Jun 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 5 | 1 | 1 | 2 | 5 | 4 | 4 | 3 | 3 | 1 | 7 | 15 | 17 | 10 | 11 | 8 | 8 |
| Net Income | - | - | - | - | - | - | - | - | - | - | $-133.67M | $-147.56M | $-153.60M | $-425.50M | $-217.83M | $-169.09M | $-207.47M | $-234.25M | - | $-151.75M | $-159.42M | $-267.57M | $-143.23M | $-147.04M | $-117.47M | $-86.64M |
| Avg Forecast | $-39.54M | $-42.21M | $-55.00M | $-55.63M | $-78.64M | $-78.64M | $-82.52M | $-87.02M | $-92.60M | $-107.20M | $-129.97M | $-226.18M | $-184.54M | $-194.32M | $-308.15M | $-205.62M | $-605.20M | $-100.68M | $-10.63B | $-186.93M | $-204.25M | $-107.68M | $-179.04M | $-185.40M | $-136.02M | $-66.65M |
| High Forecast | $-34.54M | $-36.87M | $-48.04M | $-48.59M | $-68.69M | $-68.69M | $-72.08M | $-76.01M | $-80.89M | $-96.48M | $-113.53M | $-180.95M | $-161.47M | $-142.50M | $-269.18M | $-164.50M | $-528.65M | $-80.54M | $-10.63B | $-149.54M | $-163.40M | $-86.14M | $-143.23M | $-148.32M | $-108.81M | $-53.32M |
| Low Forecast | $-46.39M | $-49.52M | $-64.53M | $-65.27M | $-92.26M | $-92.26M | $-96.81M | $-102.09M | $-108.64M | $-113.01M | $-152.49M | $-271.42M | $-196.08M | $-246.14M | $-361.53M | $-246.74M | $-710.03M | $-120.82M | $-10.63B | $-224.31M | $-245.10M | $-129.22M | $-214.85M | $-222.48M | $-163.22M | $-79.98M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | 1.03% | 0.65% | 0.83% | 2.19% | 0.71% | 0.82% | 0.34% | 2.33% | - | 0.81% | 0.78% | 2.48% | 0.80% | 0.79% | 0.86% | 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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Dec 20 | Sep 20 | Jun 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 5 | 1 | 1 | 2 | 5 | 4 | 4 | 3 | 3 | 1 | 7 | 15 | 17 | 10 | 11 | 8 | 8 |
| SG&A | - | - | - | - | - | - | - | - | - | - | $36.24M | $48.29M | $39.33M | $57.98M | $58.76M | $53.71M | $80.24M | $132.87M | - | $77.18M | $71.55M | $192.93M | $70.67M | $64.84M | $65.83M | $44.15M |
| Avg Forecast | $327.35B | $300.30B | $259.99B | $233.20B | $164.83B | $139.24B | $114.25B | $98.91B | $66.11B | $45.84B | $32.45B | $19.55B | $16.30B | $11.81B | $18.58B | $15.96B | $39.80B | $28.12B | $20.53B | $139.38M | $2.79B | $1.55B | $20.65M | $12.39M | $12.39M | $18.58M |
| High Forecast | $370.97B | $340.32B | $294.63B | $264.27B | $186.79B | $157.80B | $129.47B | $112.09B | $74.92B | $51.95B | $36.77B | $22.16B | $17.65B | $18.25B | $21.05B | $18.09B | $45.10B | $31.87B | $20.53B | $173.74M | $3.48B | $1.86B | $25.74M | $15.44M | $15.44M | $23.17M |
| Low Forecast | $295.50B | $271.09B | $234.69B | $210.51B | $148.79B | $125.69B | $103.13B | $89.29B | $59.68B | $41.38B | $29.29B | $17.65B | $14.93B | $786.57M | $16.77B | $14.41B | $35.92B | $25.38B | $20.53B | $100.41M | $2.01B | $1.24B | $14.88M | $8.93M | $8.93M | $13.39M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | - | 0.55% | 0.03% | 0.12% | 3.42% | 5.23% | 5.31% | 2.38% |
Nikola's average Quarter SG&A projection for Sep 24 is $45.84B, based on 5 Wall Street analysts, with a range of $41.38B to $51.95B. The forecast indicates a 126399.60% rise compared to NKLA last annual SG&A of $36.24M (Jun 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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Dec 20 | Sep 20 | Jun 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 5 | 1 | 1 | 2 | 5 | 4 | 4 | 3 | 3 | 1 | 7 | 15 | 17 | 10 | 11 | 8 | 8 |
| EPS | - | - | - | - | - | - | - | - | - | - | $-0.00 | $-0.00 | $-0.00 | $-0.50 | $-0.00 | $-0.31 | $-0.43 | $-0.53 | - | $-0.37 | $-0.39 | $-0.67 | $-0.36 | $-0.38 | $-0.31 | $-0.33 |
| Avg Forecast | $-0.85 | $-0.90 | $-1.18 | $-1.19 | $-1.68 | $-1.68 | $-1.77 | $-1.86 | $-1.98 | $-2.30 | $-2.78 | $-2.94 | $-3.95 | $-4.16 | $-6.60 | $-7.92 | $-12.96 | $-10.93 | $-7.96 | $-0.25 | $-0.32 | $-0.25 | $-0.30 | $-0.24 | $-0.20 | $-0.13 |
| High Forecast | $-0.74 | $-0.79 | $-1.03 | $-1.04 | $-1.47 | $-1.47 | $-1.54 | $-1.63 | $-1.73 | $-2.07 | $-2.43 | $-2.57 | $-3.46 | $-3.05 | $-5.76 | $-6.92 | $-11.32 | $-9.55 | $-7.96 | $-0.16 | $-0.20 | $-0.16 | $-0.19 | $-0.15 | $-0.12 | $-0.08 |
| Low Forecast | $-0.99 | $-1.06 | $-1.38 | $-1.40 | $-1.98 | $-1.98 | $-2.07 | $-2.19 | $-2.33 | $-2.42 | $-3.27 | $-3.45 | $-4.20 | $-5.27 | $-7.74 | $-9.29 | $-15.20 | $-12.83 | $-7.96 | $-0.33 | $-0.42 | $-0.33 | $-0.40 | $-0.31 | $-0.26 | $-0.18 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | 0.00% | 0.00% | 0.00% | 0.12% | 0.00% | 0.04% | 0.03% | 0.05% | - | 1.49% | 1.23% | 2.65% | 1.20% | 1.61% | 1.59% | 2.48% |
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 |
|---|---|---|---|---|---|
| IDEX | Ideanomics | $0.20 | $1.00 | 400.00% | Hold |
| LEV | Lion Electric Company | $0.75 | $1.80 | 140.00% | Hold |
| HYFM | Hydrofarm Group | $0.70 | $1.50 | 114.29% | Hold |
| XOS | Xos | $4.76 | $9.13 | 91.81% | Hold |
| NKLA | Nikola | $5.40 | $9.57 | 77.22% | Buy |
| AGCO | AGCO | $90.93 | $139.00 | 52.86% | Buy |
| CNHI | CNH Industrial NV | $11.45 | $17.00 | 48.47% | Buy |
| WNC | Wabash National | $19.33 | $23.25 | 20.28% | Hold |
| DE | Deere & Company | $394.68 | $424.70 | 7.61% | Buy |
| PCAR | PACCAR | $95.12 | $85.32 | -10.30% | Buy |
| CAT | Caterpillar | $345.31 | $277.27 | -19.70% | 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 77.22% from its last price of $5.4. 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 77.22% (from the last price of $5.4 to the average price target of $9.57), up by 159.26% based on the highest stock price target, and down by -81.48% based on the lowest stock price target.
Can Nikola stock reach $8?
NKLA's average twelve months analyst stock price target of $9.57 supports the claim that Nikola can reach $8 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 $417.49M (high $473.11M, low $376.87M), average EBITDA is $-417M (high $-377M, low $-473M), average net income is $-327M (high $-285M, low $-383M), average SG&A $517.23B (high $586.15B, low $466.9B), and average EPS is $-6.998 (high $-6.113, low $-8.21). NKLA's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $904.71M (high $1.03B, low $816.68M), average EBITDA is $-905M (high $-817M, low $-1.025B), average net income is $-192M (high $-168M, low $-226M), average SG&A $1.12T (high $1.27T, low $1.01T), and average EPS is $-4.12 (high $-3.598, low $-4.833).
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 $-893M by 8.25%. 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 (Jun 2024), Nikola's revenue was $31.32M, beating the average analysts' forecast of $26.19M by 19.59%. The company's EBITDA was $-131M, beating the average prediction of $-26.19M by 400.67%. Nikola's net income was $-134M, beating the average estimation of $-130M by 2.85%. The company's SG&A was $36.24M, missing the average forecast of $32.45B by -99.89%. Lastly, the company's EPS was $-0.0029, missing the average prediction of $-2.783 by -99.90%