Workhorse Group (WKHS) Stock Forecast, Price Target & Predictions
WKHS Stock Forecast
Workhorse Group stock forecast is as follows: an average price target of $2.00 (represents a 194.77% upside from WKHS’s last price of $0.68) and a rating consensus of 'Buy', based on 4 wall street analysts offering a 1-year stock forecast.
WKHS Price Target
The average price target for Workhorse Group (WKHS) is $2.00 based on 1-year price targets from 4 Wall Street analysts in the past 3 months, with a price target range of $3.50 to $0.50. This represents a potential 194.77% upside from WKHS's last price of $0.68.
WKHS Analyst Ratings
According to 4 Wall Street analysts, Workhorse Group's rating consensus is 'Buy'. The analyst rating breakdown for WKHS stock is 0 'Strong Buy' (0.00%), 3 'Buy' (75.00%), 1 'Hold' (25.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Workhorse Group Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Apr 01, 2024 | Michael Shlisky | D.A. Davidson | $0.50 | $0.23 | 119.78% | -26.31% |
| Aug 09, 2022 | Craig Irwin | Roth Capital | $3.50 | $3.60 | -2.91% | 415.84% |
| Mar 02, 2022 | Craig Irwin | Roth Capital | $7.00 | $3.79 | 84.70% | 931.69% |
The latest Workhorse Group stock forecast, released on Apr 01, 2024 by Michael Shlisky from D.A. Davidson, set a price target of $0.50, which represents a 119.78% increase from the stock price at the time of the forecast ($0.23), and a -26.31% decrease from WKHS last price ($0.68).
Workhorse Group Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 1 |
| Avg Price Target | - | - | $0.50 |
| Last Closing Price | $0.68 | $0.68 | $0.68 |
| Upside/Downside | -100.00% | -100.00% | -26.31% |
In the current month, the average price target of Workhorse Group stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Workhorse Group's last price of $0.68. 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 |
|---|---|---|---|---|
| Aug 21, 2024 | Cowen & Co. | Hold | Hold | Hold |
| Aug 09, 2022 | Roth Capital | Buy | Buy | Downgrade |
| Mar 02, 2022 | Roth Capital | Neutral | Buy | Upgrade |
| Apr 16, 2021 | B. Riley Securities | - | Buy | Initialise |
| Feb 26, 2021 | Roth Capital | Neutral | Neutral | Hold |
| Nov 17, 2020 | R.F. Lafferty | - | Buy | Initialise |
Workhorse Group's last stock rating was published by Cowen & Co. on Aug 21, 2024. The company gave WKHS a "Hold" rating, the same as its previous rate.
Workhorse Group Financial Forecast
Workhorse Group 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 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | $4.41M | $9.59M | $12.39M | $1.69M | $3.45M | $1.55M | $12.55K | $14.30K | $-2.00M | $-576.60K | $1.20M | $521.06K | $651.57K | $564.71K | $91.94K | $84.30K | $2.61K | $4.26K |
| Avg Forecast | $38.03M | $31.51M | $24.14M | $18.76M | $15.20M | $10.13M | $5.79M | $3.76M | $4.30M | $3.42M | $4.19M | $3.62M | $2.84M | $20.94M | $13.87M | $9.86M | $10.76M | $2.57M | $14.29K | $14.89K | $75.17K | $895.50K | $4.56M | $2.33M | $1.32M | $1.81M | $275.00K | $2.50K | $670.00K | $65.00K |
| High Forecast | $66.73M | $55.28M | $42.35M | $32.91M | $26.67M | $17.76M | $10.16M | $6.59M | $7.54M | $6.00M | $7.36M | $6.35M | $4.98M | $36.74M | $24.32M | $17.29M | $18.87M | $4.51M | $19.42K | $20.24K | $102.20K | $1.22M | $6.20M | $3.17M | $1.79M | $2.46M | $373.87K | $3.40K | $910.88K | $88.37K |
| Low Forecast | $10.01M | $8.29M | $6.35M | $4.94M | $4.00M | $2.66M | $1.52M | $988.17K | $1.13M | $900.03K | $1.10M | $951.86K | $746.55K | $5.51M | $3.65M | $2.59M | $2.83M | $675.97K | $7.27K | $7.58K | $38.27K | $455.87K | $2.32M | $1.19M | $671.24K | $921.40K | $139.99K | $1.27K | $341.07K | $33.09K |
| # Analysts | 1 | 1 | 1 | 1 | - | - | - | - | 1 | 2 | 1 | 1 | 2 | 1 | 1 | 1 | - | - | - | - | 1 | 1 | 1 | 1 | 5 | 5 | 9 | 6 | 4 | 4 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.55% | 0.46% | 0.89% | 0.17% | 0.32% | 0.60% | 0.88% | 0.96% | -26.60% | -0.64% | 0.26% | 0.22% | 0.49% | 0.31% | 0.33% | 33.72% | 0.00% | 0.07% |
Workhorse Group's average Quarter revenue forecast for Mar 24 based on 1 analysts is $3.62M, with a low forecast of $951.86K, and a high forecast of $6.35M. WKHS's average Quarter revenue forecast represents a -17.91% decrease compared to the company's last Quarter revenue of $4.41M (Dec 23).
Workhorse Group 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 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | - | - | - | - | 1 | 2 | 1 | 1 | 2 | 1 | 1 | 1 | - | - | - | - | 1 | 1 | 1 | 1 | 5 | 5 | 9 | 6 | 4 | 4 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $-34.16M | $-21.06M | $-23.52M | $-24.91M | $-38.28M | $-34.74M | $-20.67M | $-21.40M | $-99.58M | $-122.68M | $-42.45M | $-137.24M | $310.82M | $-82.38M | $-108.40M | $-2.92M | $6.32M | $-5.51M |
| Avg Forecast | $-7.61M | $-6.30M | $-4.83M | $-3.75M | $-3.04M | $-2.03M | $-1.16M | $-751.01K | $-859.83K | $-684.03K | $-838.90K | $-723.41K | $-567.37K | $-4.19M | $-2.77M | $-1.97M | $-2.15M | $-147.65M | $-2.86K | $-14.87M | $-15.03K | $-179.10K | $-911.36K | $-460.22M | $-263.71K | $-362.00K | $-55.00K | $-499.00 | $-134.00K | $-13.00K |
| High Forecast | $-2.00M | $-1.66M | $-1.27M | $-987.42K | $-800.01K | $-532.94K | $-304.86K | $-197.63K | $-226.27K | $-180.01K | $-220.76K | $-190.37K | $-149.31K | $-1.10M | $-729.74K | $-518.84K | $-566.19K | $-118.12M | $-1.45K | $-11.90M | $-7.65K | $-91.17K | $-463.94K | $-368.17M | $-134.25K | $-184.28K | $-28.00K | $-254.00 | $-68.21K | $-6.62K |
| Low Forecast | $-13.35M | $-11.06M | $-8.47M | $-6.58M | $-5.33M | $-3.55M | $-2.03M | $-1.32M | $-1.51M | $-1.20M | $-1.47M | $-1.27M | $-995.39K | $-7.35M | $-4.86M | $-3.46M | $-3.77M | $-177.18M | $-3.88K | $-17.85M | $-20.44K | $-243.49K | $-1.24M | $-552.26M | $-358.52K | $-492.14K | $-74.77K | $-679.00 | $-182.18K | $-17.67K |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 60.20% | 5.03% | 8.48% | 12.63% | 17.79% | 0.24% | 7236.43% | 1.44% | 6623.33% | 684.98% | 46.57% | 0.30% | -1178.63% | 227.58% | 1970.89% | 5843.94% | -47.13% | 424.19% |
1 analysts predict WKHS's average Quarter EBITDA for Mar 21 to be $-460.22M, with a high of $-368.17M and a low of $-552.26M. This is -248.06% lower than Workhorse Group's previous annual EBITDA (Dec 20) of $310.82M.
Workhorse Group 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 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | - | - | - | - | 1 | 2 | 1 | 1 | 2 | 1 | 1 | 1 | - | - | - | - | 1 | 1 | 1 | 1 | 5 | 5 | 9 | 6 | 4 | 4 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $-45.26M | $-30.65M | $-23.02M | $-23.90M | $-37.97M | $-35.41M | $-21.26M | $-24.28M | $-110.02M | $-81.12M | $-43.62M | $-120.51M | $280.48M | $-84.13M | $-131.33M | $4.76M | $-4.91M | $-11.49M |
| Avg Forecast | $-1.22M | $-1.74M | $-2.11M | $-2.62M | $-3.19M | $-3.83M | $-4.82M | $-8.09M | $-13.99M | $-15.69M | $-27.19M | $-34.89M | $-33.73M | $-45.25M | $-52.79M | $-67.12M | $-67.88M | $-140.11M | $-44.17M | $-16.54M | $-51.08M | $-126.06M | $-78.02M | $-408.31M | $-49.02M | $-38.46M | $-40.54M | $10.54M | $-39.60M | $-37.71M |
| High Forecast | $-51.17K | $-73.20K | $-88.80K | $-110.43K | $-134.25K | $-161.44K | $-203.08K | $-340.82K | $-589.13K | $-660.44K | $-1.14M | $-1.47M | $-1.42M | $-1.91M | $-2.22M | $-2.83M | $-2.86M | $-112.09M | $-15.98M | $-13.23M | $-18.48M | $-45.61M | $-28.23M | $-326.64M | $-17.74M | $-13.92M | $-14.67M | $12.65M | $-14.32M | $-13.64M |
| Low Forecast | $-2.41M | $-3.44M | $-4.18M | $-5.19M | $-6.32M | $-7.59M | $-9.55M | $-16.03M | $-27.71M | $-31.07M | $-53.86M | $-69.11M | $-66.81M | $-89.63M | $-104.57M | $-132.95M | $-134.45M | $-168.13M | $-64.82M | $-19.85M | $-74.95M | $-184.98M | $-114.49M | $-489.97M | $-71.94M | $-56.44M | $-59.48M | $8.43M | $-58.10M | $-55.33M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.34% | 0.68% | 0.44% | 0.36% | 0.56% | 0.25% | 0.48% | 1.47% | 2.15% | 0.64% | 0.56% | 0.30% | -5.72% | 2.19% | 3.24% | 0.45% | 0.12% | 0.30% |
Workhorse Group's average Quarter net income forecast for Mar 21 is $-408.31M, with a range of $-489.97M to $-326.64M. WKHS's average Quarter net income forecast represents a -245.57% decrease compared to the company's last Quarter net income of $280.48M (Dec 20).
Workhorse Group 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 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | - | - | - | - | 1 | 2 | 1 | 1 | 2 | 1 | 1 | 1 | - | - | - | - | 1 | 1 | 1 | 1 | 5 | 5 | 9 | 6 | 4 | 4 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | $15.13M | $11.76M | $14.00M | $14.69M | $13.53M | $34.75M | $13.03M | $11.91M | $15.69M | $10.58M | $7.01M | $6.89M | $4.69M | $5.95M | $3.95M | $5.57M | $3.56M | $2.55M |
| Avg Forecast | $100.72M | $83.45M | $63.93M | $49.68M | $40.25M | $26.82M | $15.34M | $9.94M | $11.39M | $9.06M | $11.11M | $9.58M | $7.51M | $55.46M | $36.72M | $26.11M | $28.49M | $6.80M | $37.83K | $39.42K | $199.07K | $2.37M | $12.07M | $6.18M | $3.49M | $4.79M | $728.25K | $6.62K | $1.77M | $172.13K |
| High Forecast | $176.71M | $146.40M | $112.15M | $87.16M | $70.62M | $47.04M | $26.91M | $17.45M | $19.97M | $15.89M | $19.49M | $16.80M | $13.18M | $97.29M | $64.42M | $45.80M | $49.98M | $11.93M | $51.43K | $53.59K | $270.63K | $3.22M | $16.41M | $8.40M | $4.75M | $6.52M | $990.08K | $9.00K | $2.41M | $234.02K |
| Low Forecast | $26.51M | $21.96M | $16.82M | $13.07M | $10.59M | $7.06M | $4.04M | $2.62M | $3.00M | $2.38M | $2.92M | $2.52M | $1.98M | $14.59M | $9.66M | $6.87M | $7.50M | $1.79M | $19.26K | $20.07K | $101.34K | $1.21M | $6.14M | $3.15M | $1.78M | $2.44M | $370.73K | $3.37K | $903.23K | $87.63K |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 2.01% | 0.21% | 0.38% | 0.56% | 0.47% | 5.11% | 344.42% | 302.13% | 78.82% | 4.46% | 0.58% | 1.11% | 1.34% | 1.24% | 5.42% | 840.75% | 2.01% | 14.82% |
Workhorse Group's average Quarter SG&A projection for Mar 24 is $9.58M, based on 1 Wall Street analysts, with a range of $2.52M to $16.80M. The forecast indicates a -36.67% fall compared to WKHS last annual SG&A of $15.13M (Dec 23).
Workhorse Group 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 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | - | - | - | - | 1 | 2 | 1 | 1 | 2 | 1 | 1 | 1 | - | - | - | - | 1 | 1 | 1 | 1 | 5 | 5 | 9 | 6 | 4 | 4 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | $-0.16 | $-0.14 | $-0.12 | $-0.14 | $-0.24 | $-0.22 | $-0.13 | $-0.16 | $-0.89 | $-0.96 | $-0.35 | $-0.98 | $2.29 | $-1.48 | $-2.04 | $0.20 | $-0.07 | $-0.26 |
| Avg Forecast | $-0.06 | $-0.09 | $-0.11 | $-0.14 | $-0.17 | $-0.20 | $-0.26 | $-0.43 | $-0.74 | $-0.83 | $-1.44 | $-1.85 | $-1.79 | $-2.40 | $-2.80 | $-3.56 | $-3.60 | $-2.47 | $-2.34 | $-2.31 | $-2.71 | $-6.69 | $-4.14 | $-3.40 | $-2.60 | $-2.04 | $-2.15 | $-2.60 | $-2.10 | $-2.00 |
| High Forecast | $-0.00 | $-0.00 | $-0.00 | $-0.01 | $-0.01 | $-0.01 | $-0.01 | $-0.02 | $-0.03 | $-0.04 | $-0.06 | $-0.08 | $-0.08 | $-0.10 | $-0.12 | $-0.15 | $-0.15 | $-0.10 | $-0.85 | $-0.84 | $-0.98 | $-2.42 | $-1.50 | $-1.23 | $-0.94 | $-0.74 | $-0.78 | $-0.94 | $-0.76 | $-0.72 |
| Low Forecast | $-0.13 | $-0.18 | $-0.22 | $-0.28 | $-0.33 | $-0.40 | $-0.51 | $-0.85 | $-1.47 | $-1.65 | $-2.86 | $-3.67 | $-3.54 | $-4.75 | $-5.55 | $-7.05 | $-7.13 | $-4.89 | $-3.44 | $-3.40 | $-3.98 | $-9.81 | $-6.07 | $-4.99 | $-3.82 | $-2.99 | $-3.15 | $-3.82 | $-3.08 | $-2.93 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.09% | 0.06% | 0.04% | 0.04% | 0.07% | 0.09% | 0.06% | 0.07% | 0.33% | 0.14% | 0.08% | 0.29% | -0.88% | 0.73% | 0.95% | -0.08% | 0.03% | 0.13% |
According to 1 Wall Street analysts, Workhorse Group's projected average Quarter EPS for Mar 21 is $-3.40, with a low estimate of $-4.99 and a high estimate of $-1.23. This represents a -248.47% decrease compared to WKHS previous annual EPS of $2.29 (Dec 20).
Workhorse Group Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| FSR | Fisker | $0.09 | $13.57 | 14977.78% | Buy |
| RIDE | Lordstown Motors | $2.20 | $22.50 | 922.73% | Sell |
| NIO | NIO | $5.55 | $20.75 | 273.87% | Buy |
| LCID | Lucid Group | $3.94 | $12.07 | 206.35% | Hold |
| WKHS | Workhorse Group | $0.68 | $2.00 | 194.12% | Buy |
| PSNY | Polestar Automotive UK | $1.63 | $4.70 | 188.34% | Hold |
| GOEV | Canoo | $1.25 | $3.00 | 140.00% | Buy |
| XPEV | XPeng | $8.97 | $21.19 | 136.23% | Buy |
| RIVN | Rivian Automotive | $13.50 | $31.52 | 133.48% | Buy |
WKHS Forecast FAQ
Is Workhorse Group a good buy?
Yes, according to 4 Wall Street analysts, Workhorse Group (WKHS) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 3 'Buy' recommendations, accounting for 75.00% of WKHS's total ratings.
What is WKHS's price target?
Workhorse Group (WKHS) average price target is $2 with a range of $0.5 to $3.5, implying a 194.77% from its last price of $0.678. The data is based on 4 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Workhorse Group stock go up soon?
According to Wall Street analysts' prediction for WKHS stock, the company can go up by 194.77% (from the last price of $0.678 to the average price target of $2), up by 415.84% based on the highest stock price target, and down by -26.31% based on the lowest stock price target.
Can Workhorse Group stock reach $1?
WKHS's average twelve months analyst stock price target of $2 supports the claim that Workhorse Group can reach $1 in the near future.
What are Workhorse Group's analysts' financial forecasts?
Workhorse Group's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $34.87M (high $61.18M, low $9.18M), average EBITDA is $-6.975M (high $-1.835M, low $-12.236M), average net income is $-19.94M (high $-840K, low $-39.496M), average SG&A $92.35M (high $162.02M, low $24.3M), and average EPS is $-1.058 (high $-0.0445, low $-2.095). WKHS's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $112.45M (high $197.27M, low $29.59M), average EBITDA is $-22.489M (high $-5.918M, low $-39.455M), average net income is $-7.685M (high $-324K, low $-15.222M), average SG&A $297.78M (high $522.42M, low $78.36M), and average EPS is $-0.408 (high $-0.0172, low $-0.807).
Did the WKHS's actual financial results beat the analysts' financial forecasts?
Based on Workhorse Group's last annual report (Dec 2023), the company's revenue was $51.45M, beating the average analysts forecast of $47.5M by 8.30%. Apple's EBITDA was $-105M, beating the average prediction of $-9.5M by 1008.38%. The company's net income was $-124M, missing the average estimation of $-199M by -37.70%. Apple's SG&A was $55.57M, missing the average forecast of $125.79M by -55.82%. Lastly, the company's EPS was $-0.6, missing the average prediction of $-10.549 by -94.31%. In terms of the last quarterly report (Dec 2023), Workhorse Group's revenue was $4.41M, beating the average analysts' forecast of $2.84M by 55.32%. The company's EBITDA was $-34.158M, beating the average prediction of $-567K by 5920.40%. Workhorse Group's net income was $-45.257M, beating the average estimation of $-33.732M by 34.17%. The company's SG&A was $15.13M, beating the average forecast of $7.51M by 101.34%. Lastly, the company's EPS was $-0.16, missing the average prediction of $-1.789 by -91.06%