Workhorse Group (WKHS) Stock Forecast, Price Target & Predictions

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WKHS Stock Forecast

Workhorse Group stock forecast is as follows: an average price target of $2.00 (represents a 69.49% upside from WKHS’s last price of $1.18) 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 69.49% upside from WKHS's last price of $1.18.

WKHS Analyst Ratings

Buy

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%	-57.63%
Aug 09, 2022	Craig Irwin	Roth Capital	$3.50	$3.60	-2.91%	196.61%
Mar 02, 2022	Craig Irwin	Roth Capital	$7.00	$3.79	84.70%	493.22%

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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 -57.63% decrease from WKHS last price ($1.18).

Workhorse Group Price Target by Period

	1M	3M	12M
# Anlaysts	-	-	1
Avg Price Target	-	-	$0.50
Last Closing Price	$1.18	$1.18	$1.18
Upside/Downside	-100.00%	-100.00%	-57.63%

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 $1.18. 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

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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	$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	$21.70M	$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
Low Forecast	$38.03M	$31.51M	$24.14M	$18.76M	$15.20M	$10.13M	$5.79M	$3.76M	$4.30M	$3.42M	$4.19M	$3.61M	$2.84M	$20.18M	$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
# Analysts	1	1	1	1	1	1	1	1	1	1	1	1	2	1	1	1	1	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 $3.61M, and a high forecast of $3.62M. 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	1	1	1	1	1	1	1	2	1	1	1	1	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	$-22.82M	$-18.91M	$-14.48M	$-11.26M	$-9.12M	$-6.08M	$-3.48M	$-2.25M	$-2.58M	$-2.05M	$-2.52M	$-2.17M	$-1.70M	$-12.56M	$-8.32M	$-5.91M	$-6.45M	$-513.74K	$-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	$-22.82M	$-18.91M	$-14.48M	$-11.26M	$-9.12M	$-6.08M	$-3.48M	$-2.25M	$-2.58M	$-2.05M	$-2.52M	$-2.17M	$-1.70M	$-12.11M	$-8.32M	$-5.91M	$-6.45M	$-513.74K	$-2.86K	$-11.90M	$-15.03K	$-179.10K	$-911.36K	$-368.17M	$-263.71K	$-362.00K	$-55.00K	$-499.00	$-134.00K	$-13.00K
Low Forecast	$-22.82M	$-18.91M	$-14.48M	$-11.26M	$-9.12M	$-6.08M	$-3.48M	$-2.25M	$-2.58M	$-2.05M	$-2.52M	$-2.17M	$-1.70M	$-13.02M	$-8.32M	$-5.91M	$-6.45M	$-513.74K	$-2.86K	$-17.85M	$-15.03K	$-179.10K	$-911.36K	$-552.26M	$-263.71K	$-362.00K	$-55.00K	$-499.00	$-134.00K	$-13.00K
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	20.07%	1.68%	2.83%	4.21%	5.93%	67.62%	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	1	1	1	1	1	1	1	2	1	1	1	1	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	$-46.51M	$-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	$-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	$-46.51M	$-44.17M	$-13.23M	$-51.08M	$-126.06M	$-78.02M	$-326.64M	$-49.02M	$-38.46M	$-40.54M	$12.65M	$-39.60M	$-37.71M
Low 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	$-46.51M	$-44.17M	$-19.85M	$-51.08M	$-126.06M	$-78.02M	$-489.97M	$-49.02M	$-38.46M	$-40.54M	$8.43M	$-39.60M	$-37.71M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	1.34%	0.68%	0.44%	0.36%	0.56%	0.76%	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	1	1	1	1	1	1	1	2	1	1	1	1	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	$100.72M	$83.45M	$63.93M	$49.68M	$40.25M	$26.82M	$15.34M	$9.94M	$11.39M	$9.06M	$11.11M	$9.59M	$7.51M	$57.46M	$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
Low Forecast	$100.72M	$83.45M	$63.93M	$49.68M	$40.25M	$26.82M	$15.34M	$9.94M	$11.39M	$9.06M	$11.11M	$9.56M	$7.51M	$53.45M	$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
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 $9.56M to $9.59M. 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	1	1	1	1	1	1	1	2	1	1	1	1	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	$-0.06	$-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
Low 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
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 $-3.40 and a high estimate of $-3.40. 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
GOEV	Canoo	$0.54	$3.00	455.56%	Buy
NIO	NIO	$4.43	$19.45	339.05%	Buy
LCID	Lucid Group	$2.08	$8.59	312.98%	Hold
PSNY	Polestar Automotive UK	$1.21	$4.70	288.43%	Hold
RIVN	Rivian Automotive	$10.31	$30.96	200.29%	Buy
XPEV	XPeng	$12.63	$21.59	70.94%	Buy
WKHS	Workhorse Group	$1.18	$2.00	69.49%	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 69.49% from its last price of $1.18. 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 69.49% (from the last price of $1.18 to the average price target of $2), up by 196.61% based on the highest stock price target, and down by -57.63% based on the lowest stock price target.

Can Workhorse Group stock reach $2?

WKHS's highest twelve months analyst stock price target of $3.5 supports the claim that Workhorse Group can reach $2 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 $34.87M, low $34.87M), average EBITDA is $-20.924M (high $-20.924M, low $-20.924M), average net income is $-19.94M (high $-19.94M, low $-19.94M), average SG&A $92.35M (high $92.35M, low $92.35M), and average EPS is $-1.058 (high $-1.058, low $-1.058). WKHS's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $112.45M (high $112.45M, low $112.45M), average EBITDA is $-67.468M (high $-67.468M, low $-67.468M), average net income is $-7.685M (high $-7.685M, low $-7.685M), average SG&A $297.78M (high $297.78M, low $297.78M), and average EPS is $-0.408 (high $-0.408, low $-0.408).

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 $-28.501M by 269.46%. 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 $-1.702M by 1906.80%. 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%