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Lordstown Motors (RIDE) Stock Forecast, Price Target & Predictions

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RIDE Stock Forecast

Lordstown Motors stock forecast is as follows: an average price target of $22.50 (represents a 922.73% upside from RIDE’s last price of $2.20) and a rating consensus of 'Sell', based on 3 wall street analysts offering a 1-year stock forecast.

RIDE Price Target

The average price target for Lordstown Motors (RIDE) is $22.50 based on 1-year price targets from 3 Wall Street analysts in the past 3 months, with a price target range of $30.00 to $15.00. This represents a potential 922.73% upside from RIDE's last price of $2.20.

RIDE Analyst Ratings

Sell

According to 3 Wall Street analysts, Lordstown Motors's rating consensus is 'Sell'. The analyst rating breakdown for RIDE stock is 0 'Strong Buy' (0.00%), 0 'Buy' (0.00%), 1 'Hold' (33.33%), 2 'Sell' (66.67%), and 0 'Strong Sell' (0.00%).

Lordstown Motors Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
May 11, 2022RBC Capital$15.00$23.93-37.30%581.82%
May 09, 2022Mark DelaneyGoldman Sachs$30.00$27.987.24%1263.64%

The latest Lordstown Motors stock forecast, released on May 11, 2022 by RBC Capital company, set a price target of $15.00, which represents a -37.30% decrease from the stock price at the time of the forecast ($23.93), and a 581.82% increase from RIDE last price ($2.20).

Lordstown Motors Price Target by Period

1M3M12M
# Anlaysts---
Avg Price Target---
Last Closing Price$2.20$2.20$2.20
Upside/Downside-100.00%-100.00%-100.00%

In the current month, the average price target of Lordstown Motors stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Lordstown Motors's last price of $2.20. This month's average price target is down NaN% compared to last quarter, and down NaN% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
May 10, 2022Goldman SachsSellSellHold
Nov 15, 2021R.F. LaffertyHoldHoldUpgrade
Oct 05, 2021Morgan StanleySellDowngrade
Jun 14, 2021R.F. LaffertyBuyHoldDowngrade
Dec 29, 2020R.F. LaffertyBuyInitialise

Lordstown Motors's last stock rating was published by Goldman Sachs on May 10, 2022. The company gave RIDE a "Sell" rating, the same as its previous rate.

Lordstown Motors Peer Comparison by Price Target

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
WKHSWorkhorse Group$0.79$2.00153.16%Buy
BLNKBlink Charging$1.55$3.0093.55%Buy
HYLNHyliion$2.72$3.1315.07%Buy
GOEVCanoo$1.54$1.50-2.60%Buy

RIDE Forecast FAQ

Is Lordstown Motors a good buy?

No, according to 3 Wall Street analysts, Lordstown Motors (RIDE) is considered a 'Sell'. The rating consensus is based on 0 'Strong Buy' and 0 'Buy' recommendations, accounting for 0% of RIDE's total ratings.

What is RIDE's price target?

Lordstown Motors (RIDE) average price target is $22.5 with a range of $15 to $30, implying a 922.73% from its last price of $2.2. The data is based on 3 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Lordstown Motors stock go up soon?

According to Wall Street analysts' prediction for RIDE stock, the company can go up by 922.73% (from the last price of $2.2 to the average price target of $22.5), up by 1263.64% based on the highest stock price target, and up by 581.82% based on the lowest stock price target.

Can Lordstown Motors stock reach $3?

RIDE's average twelve months analyst stock price target of $22.5 supports the claim that Lordstown Motors can reach $3 in the near future.