What is the current Price Target and Forecast for Nikola (NKLA) (2024)

(Delayed Data from NSDQ)

$5.26 USD

5.26

2,023,045

-0.20 (-3.66%)

Updated Sep 17, 2024 04:00 PM ET

After-Market: $5.27 +0.01 (0.19%) 7:58 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy23.68%
2Buy17.55%
3Hold9.21%
4Sell4.93%
5Strong Sell2.36%
S&P50010.96%

Zacks Rank Education - Learn about the Zacks Rank

Zacks Rank Home - Zacks Rank resources in one place

Zacks Premium - The only way to fully access the Zacks Rank

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

Zacks Style Scores Education - Learn more about the Zacks Style Scores

NAValue | NAGrowth | NAMomentum | NAVGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

Zacks Rank Education -- Learn more about the Zacks Rank
Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank

Bottom 33% (167 out of 251)

Industry: Automotive - Domestic

View All Zacks #1 Ranked Stocks

What is the current Price Target and Forecast for Nikola (NKLA) (2) Better trading starts here.

Nikola (NKLA) Price Targets

Average Price Target Highest Price Target Lowest Price Target Upside to Average Price Target
$11.33 $14.00 $10.00 107.51%

Price Target

Based on short-term price targets offered by three analysts, the average price target for Nikola comes to $11.33. The forecasts range from a low of $10.00 to a high of $14.00. The average price target represents an increase of 107.51% from the last closing price of $5.46.

Analyst Price Targets (3 )

Last Close 5.46

Average 11.33 107.51% Upside Low 10.00 83.15% Upside High 14.00 156.41% Upside

Broker Rating

Nikola currently has an average brokerage recommendation (ABR) of 2.60 on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell etc.) made by five brokerage firms. The current ABR compares to an ABR of 2.60 a month ago based on five recommendations.

Of the five recommendations deriving the current ABR, one is Strong Buy, representing 20% of all recommendations. A month ago, Strong Buy represented 20%.

Broker Rating Breakdown

What is the current Price Target and Forecast for Nikola (NKLA) (3)

Today1 Week Ago1 Month Ago2 Months Ago3 Months Ago
Strong Buy11111
Buy00000
Hold44444
Sell00000
Strong Sell00000
ABR2.602.602.602.602.60

1. Not Ident. Many of the brokerage firms who provide Zacks data ask that we keep their identity confidential.

2. In most cases the # of brokers listed above is less than the # of brokerage firms that have a recommendation on the stock. That is because some firms prohibit Zacks from displaying detailed information on their recommendations such as in the upgrade/downgrade table.

DateBrokerage FirmAnalystPreviousCurrent
9/9/2024BTIGGregory LewisHoldHold
7/3/2024Robert W. Baird & Co.Benjamin J KalloStrong BuyStrong Buy
6/12/2024D.A. DavidsonMichael ShliskyHoldHold
4/9/2024Not IdentifiedNot IdentifiedNot AvailableHold
4/1/2024Cowen & Co.Jeffrey D OsborneHoldHold

1. Not Ident. Many of the brokerage firms who provide Zacks data ask that we keep their identity confidential.

2. In most cases the # of brokers listed above is less than the # of brokerage firms that have a recommendation on the stock. That is because some firms prohibit Zacks from displaying detailed information on their recommendations such as in the upgrade/downgrade table.

Current ABR

Zacks provides the average brokerage recommendation (ABR) for thousands of stocks for most of the leading investment web sties. The ABR is the calculated average of the actual recommendations (strong buy, hold, sell etc) made by the brokerage firms for a given stock.

ABR vs Zacks Rank

2.60
ABR (Last week)2.60
# of Recs in ABR5
Average Target Price $11.33
LT Growth RateNA
IndustryAutomotive - Domestic
Industry Rank by ABR167 of 253
Current Quarter EPS Est: NA

NKLA FAQs

Nikola Corporation (NKLA) currently has an average brokerage recommendation (ABR) of 2.60 on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell etc.) made by 5 brokerage firms.

The average price target for Nikola Corporation (NKLA) is $11.33. The current on short-term price targets is based on 0 reports.

The forecasts for Nikola Corporation (NKLA) range from a low of $10 to a high of $14. The average price target represents a increase of $115.40 from the last closing price of $5.26.

The current UPSIDE for Nikola Corporation (NKLA) is 115.40%

Based on short-term price targets offered by three analysts, the average price target for Nikola comes to $11.33. The forecasts range from a low of $10.00 to a high of $14.00. The average price target represents an increase of 107.51% from the last closing price of $5.46.

 
What is the current Price Target and Forecast for Nikola (NKLA) (2024)
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