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Home โบ Stocks โบ Worksport Ltd. (WKSP) Stock Forecast & Price Prediction United States | NASDAQ | Consumer Cyclical | Auto Parts
$0.66
-0.15 (-18.68%)Did WKSP 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 Worksport is one of their latest high-conviction picks.
Based on our analysis of 2 Wall Street analysts, WKSP has a bullish consensus with a median price target of $6.75 (ranging from $2.00 to $11.50). The overall analyst rating is Strong Buy (9.0/10). Currently trading at $0.66, the median forecast implies a 922.3% upside. This outlook is supported by 2 Buy, 0 Hold, and 0 Sell ratings.
Conversely, the most conservative target is provided by Tate Sullivan at Maxim Group, suggesting a 202.9% upside.
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 WKSP.
| Date | Firm | Analyst | Rating | Change | Price Target |
|---|---|---|---|---|---|
| May 15, 2026 | Maxim Group | Tate Sullivan | Buy | Maintains | $2.00 |
| Mar 31, 2026 | Maxim Group | Buy | Maintains | $N/A | |
| Feb 13, 2026 | Maxim Group | Buy | Maintains | $N/A | |
| Sep 29, 2025 | HC Wainwright & Co. | Buy | Reiterates | $N/A | |
| May 20, 2025 | Maxim Group | Buy | Maintains | $N/A | |
| May 16, 2025 | HC Wainwright & Co. | Buy | Reiterates | $N/A | |
| Apr 23, 2025 | HC Wainwright & Co. | Buy | Reiterates | $N/A | |
| Mar 28, 2025 | HC Wainwright & Co. | Buy | Maintains | $N/A | |
| Mar 28, 2025 | HC Wainwright& Co. | Buy | Maintains | $N/A | |
| Jan 23, 2025 | HC Wainwright & Co. | Buy | Initiates | $N/A | |
| Jan 22, 2025 | HC Wainwright & Co. | Buy | Initiates | $N/A | |
| Dec 23, 2024 | Alliance Global Partners | Buy | Initiates | $N/A | |
| Jan 20, 2023 | Maxim Group | Buy | Maintains | $N/A | |
| Nov 29, 2021 | Maxim Group | Buy | Initiates | $N/A |
The following stocks are similar to Worksport based on their market capitalization and industry sector. These similar stocks potentially provide investors with alternative investment opportunities within the same market segment.
Worksport Ltd. has a market capitalization of $12.25M with a P/E ratio of -0.3x. The company generates $17.17M in trailing twelve-month revenue with a -120.6% profit margin.
Revenue growth is +47.9% quarter-over-quarter, while maintaining an operating margin of -173.5% and return on equity of -103.3%.
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Designs and sells tonneau covers for trucks.
Worksport generates revenue by designing, manufacturing, and selling tonneau covers that enhance truck functionality, security, and aesthetics. The company targets both consumer and commercial markets within the automotive aftermarket sector, focusing on vehicle customization and cargo protection.
Worksport has recently introduced solar-integrated tonneau covers, allowing truck owners to utilize solar energy for various devices. This innovation aligns with current trends in sustainable energy and demonstrates the company's commitment to adapting to market demands. Headquartered in Ontario, Canada, Worksport is positioned to capitalize on the growing automotive accessories industry.
Consumer Cyclical
Auto Parts
116
Mr. Steven F. Rossi
United States
2020
Worksport Ltd. (WKSP) provided updates on its business and outlined its strategic focus for the second half of the year in a recent discussion.
Worksport Ltd.'s business updates and strategic focus signal potential growth opportunities, which could impact stock performance and investor sentiment in the second half of the year.
Worksport's CEO invites shareholders to a town hall discussing Nasdaq compliance, 35% gross margin, $36M revenue target, and the 2026 execution plan. Live Q&A will follow.
The CEO's letter signals active engagement with shareholders and outlines key performance metrics and future plans, indicating potential growth and strategic direction, which can boost investor confidence.
The company reported a record gross margin of 35%, a new partnership with Meyer Distributing, and a $36M revenue opportunity, indicating strong growth potential and operational cash-flow positivity.
Record gross margins, new partnerships, and significant revenue opportunities signal strong operational improvements, enhancing profitability potential and attracting investor interest.
Worksport Ltd. received a direct investment at $1.20 per share, over 100% above recent trading levels. The investor may consider an additional $10 million for the company's growth plan.
The premium investment signals strong confidence in Worksport's growth potential, likely boosting stock value and attracting further interest from other investors.
The CEO is acquiring more equity, indicating confidence in the company's path to cash-flow positivity and belief that its market valuation is undervalued relative to its book value and growth potential.
CEO equity acquisition signals confidence in future cash flow and undervalued stock, suggesting potential for price appreciation and strong long-term performance.
Worksport has secured U.S. Patent No. 12,624,872 for its ZeroFrostโข technology, enhancing its clean-energy IP and improving heat-pump performance in cold climates.
The new patent enhances Worksport's competitive edge in clean energy, potentially boosting market share and revenue in the growing heat-pump sector, which could drive stock value up.
Based on our analysis of 2 Wall Street analysts, Worksport Ltd. (WKSP) has a median price target of $6.75. The highest price target is $11.50 and the lowest is $2.00.
According to current analyst ratings, WKSP has 2 Buy ratings, 0 Hold ratings, and 0 Sell ratings. The stock is currently trading at $0.66. Always conduct your own research and consider your investment goals before making investment decisions.
Wall Street analysts predict WKSP stock could reach $6.75 in the next 12 months. This represents a 922.3% increase from the current price of $0.66. Please note that this is a projection by Wall Street analysts and not a guarantee.
Worksport generates revenue by designing, manufacturing, and selling tonneau covers that enhance truck functionality, security, and aesthetics. The company targets both consumer and commercial markets within the automotive aftermarket sector, focusing on vehicle customization and cargo protection.
The highest price target for WKSP is $11.50 from at , which represents a 1,641.6% increase from the current price of $0.66.
The lowest price target for WKSP is $2.00 from Tate Sullivan at Maxim Group, which represents a 202.9% increase from the current price of $0.66.
The overall analyst consensus for WKSP is bullish. Out of 2 Wall Street analysts, 2 rate it as Buy, 0 as Hold, and 0 as Sell, with a median price target of $6.75.
Stock price projections, including those for Worksport Ltd., 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.