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Home โบ Stocks โบ Nikola Corporation (NKLA) Stock Forecast & Price Prediction United States | NASDAQ | Industrials | Farm & Heavy Construction Machinery
$0.03
0.00 (-1.00%)Did NKLA Make This Month's Elite Buy List?
We don't follow just any analyst โ only the top 3% with a proven track record make our cut. See if Nikola is one of their latest high-conviction picks.
NKLA has shown a year-to-date change of 0.0% and a 1-year change of -97.6%, reflecting downward momentum over the past year. Comprehensive analyst forecasts are currently unavailable for NKLA. Please refer to the price chart above for recent performance and trends.
Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.
These are the latest 20 analyst ratings and price targets for NKLA.
| Date | Firm | Analyst | Rating | Change | Price Target |
|---|---|---|---|---|---|
| Nov 11, 2024 | DA Davidson | Michael Shlisky | Neutral | Maintains | $4.00 |
| Nov 1, 2024 | Baird | Ben Kallo | Outperform | Maintains | $10.00 |
| Nov 1, 2024 | TD Cowen | Jeffrey Osborne | Hold | Maintains | $4.00 |
| Aug 12, 2024 | DA Davidson | Michael Shlisky | Neutral | Maintains | $10.00 |
| Jun 12, 2024 | DA Davidson | Michael Shlisky | Neutral | Maintains | $1.00 |
| Apr 9, 2024 | Wolfe Research | Scott Group | Peer Perform | Initiates | $N/A |
| Mar 5, 2024 | DA Davidson | Michael Shlisky | Neutral | Reiterates | $1.00 |
| Jan 24, 2024 | Baird | Ben Kallo | Outperform | Initiates | $2.00 |
| Jul 31, 2023 | DA Davidson | Michael Shlisky | Neutral | Maintains | $3.00 |
| May 10, 2023 | TD Cowen | Jeffrey Osborne | Market Perform | Downgrade | $1.00 |
| Mar 31, 2023 | BTIG | Gregory Lewis | Neutral | Downgrade | $N/A |
| Mar 14, 2023 | Morgan Stanley | Dillon Cumming | Equal-Weight | Initiates | $3.00 |
| Mar 13, 2023 | Morgan Stanley | Dillon Cumming | Equal-Weight | Initiates | $3.00 |
| Feb 24, 2023 | Deutsche Bank | Emmanuel Rosner | Hold | Maintains | $3.00 |
| Feb 24, 2023 | Cowen & Co. | Jeffrey Osborne | Outperform | Maintains | $5.00 |
| Jan 17, 2023 | BTIG | Gregory Lewis | Buy | Reiterates | $5.00 |
| Nov 4, 2022 | Wedbush | Daniel Ives | Neutral | Maintains | $6.00 |
| Sep 14, 2022 | BTIG | Gregory Lewis | Buy | Upgrade | $12.00 |
| Feb 25, 2022 | Deutsche Bank | Emmanuel Rosner | Hold | Maintains | $11.00 |
| Nov 8, 2021 | DA Davidson | Michael Shlisky | Neutral | Maintains | $12.00 |
The following stocks are similar to Nikola based on their market capitalization and industry sector. These similar stocks potentially provide investors with alternative investment opportunities within the same market segment.
Nikola Corporation has a market capitalization of $221,680 with a P/E ratio of 0.0x. The company generates $35.84M in trailing twelve-month revenue with a -597.3% profit margin.
Revenue growth is -19.6% quarter-over-quarter, while maintaining an operating margin of -2,154.5% and return on equity of -134.4%.
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Develops advanced energy and transportation solutions.
The company generates revenue by designing and manufacturing battery electric vehicles (BEVs) and hydrogen fuel cell electric vehicles (FCEVs) for Class 8 trucks, targeting zero-emission solutions for freight operations. Nikola also invests in infrastructure development, including hydrogen fueling stations and charging solutions, to support its vehicle offerings and facilitate adoption by customers and third parties.
Founded in 2015 and based in Phoenix, Arizona, Nikola has faced significant financial challenges, recently filing for Chapter 11 bankruptcy protection. Its transition to the OTC Pink Marketplace indicates a restructuring phase, while the company remains recognized for its innovative contributions to the electrification of heavy-duty transport and hydrogen infrastructure.
Industrials
Farm & Heavy Construction Machinery
940
Mr. Stephen J. Girsky
United States
2020
Nikola founder Trevor Milton, convicted in October 2022 for defrauding investors, announced he has been pardoned by President Trump.
Trevor Miltonโs pardon could restore investor confidence in Nikola, potentially impacting stock prices and future business operations after previous fraud allegations.
Eamon Javers of CNBC reports on Trump's new pardons and ongoing disputes with law firms, highlighting potential legal and political implications.
Trump's pardons and legal battles may impact market sentiment, influence regulatory environments, and affect sectors reliant on legal stability, potentially altering investment strategies.
President Trump pardoned Nikola Corp. founder Trevor Milton, who was convicted in October 2022 for defrauding investors with false claims about the companyโs trucks.
Milton's pardon may impact Nikola's reputation and stock volatility, affecting investor confidence and future regulatory scrutiny on the company.
Corporate America shows mixed performance amid worries over tech valuations, with stock reactions influenced by the Federal Reserve's hawkish stance and tariffs from Donald Trump.
Mixed performance signals volatility in corporate earnings, impacting stock valuations. Fed policy and tariffs add uncertainty, influencing investment strategies and risk assessments.
President Trump intervened during Mr. Milton's appeal of his conviction on securities and wire fraud charges.
Trump's intervention may influence investor sentiment regarding regulatory risks and legal outcomes, impacting market perceptions of associated companies' stability.
Milton was convicted of fraud in 2022 related to misleading statements about zero-emission trucks.
Milton's fraud conviction raises concerns about the credibility of zero-emission truck investments, potentially impacting stock prices and investor confidence in related companies.
Analyst forecasts for Nikola Corporation (NKLA) are not currently available. The stock is trading at $0.03.
According to current analyst ratings, NKLA has 1 Buy ratings, 2 Hold ratings, and 0 Sell ratings. The stock is currently trading at $0.03. Always conduct your own research and consider your investment goals before making investment decisions.
Price predictions from Wall Street analysts for NKLA are not currently available. The stock is trading at $0.03.
The company generates revenue by designing and manufacturing battery electric vehicles (BEVs) and hydrogen fuel cell electric vehicles (FCEVs) for Class 8 trucks, targeting zero-emission solutions for freight operations. Nikola also invests in infrastructure development, including hydrogen fueling stations and charging solutions, to support its vehicle offerings and facilitate adoption by customers and third parties.
Price targets from Wall Street analysts for NKLA are not currently available. The stock is trading at $0.03.
Price targets from Wall Street analysts for NKLA are not currently available. The stock is trading at $0.03.
The overall analyst consensus for NKLA is neutral. Out of 11 Wall Street analysts, 1 rate it as Buy, 2 as Hold, and 0 as Sell.
Stock price projections, including those for Nikola Corporation, are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.
The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.