Nikola Stock Forecast 2024-2028 These five years would bring a significant increase: Nikola price would move from $9.95 to $22.22, which is up 123%. Nikola will start 2024 at $9.95, then soar to $11.56 within the first six months of the year and finish 2024 at $13.29. That means +120% from today. Nikola Stock Forecast 2029-2033
Full Answer
How much is a share of Nikola worth?
One share of NKLA stock can currently be purchased for approximately $10.44. How much money does Nikola make? Nikola has a market capitalization of $4.22 billion and generates $90 thousand in revenue each year. The company earns $-384.31 million in net income (profit) each year or ($1.73) on an earnings per share basis.
What happened to Nikola stock?
At one point, shares of Nikola stock were up 700% in just a few months. But then, everything came crashing down when Hindenburg Research put out a scathing short report showing that Milton lied repeatedly about Nikola's progress and technological capabilities.
Will Nikola stock hit $30 by 2023?
According to the latest long-term forecast, Nikola price will hit $20 by the end of 2021 and then $30 by the end of 2023. Nikola will rise to $40 within the year of 2027 and $50 in 2031. Nikola Stock Price Forecast 2021-2022 Nikola price started in 2021 at $10.05.
What is the upside for Nikola's stock?
According to analysts' consensus price target of $14.71, Nikola has a forecasted upside of 40.9% from its current price of $10.44. Nikola has only been the subject of 4 research reports in the past 90 days. Nikola has received 56 “outperform” votes. (Add your “outperform” vote.) Nikola has received 28 “underperform” votes.
Is Nikola stock expected to go up?
Stock Price Forecast The 8 analysts offering 12-month price forecasts for Nikola Corp have a median target of 10.50, with a high estimate of 20.00 and a low estimate of 8.00. The median estimate represents a +101.15% increase from the last price of 5.22.
Are Nikola shares a good buy?
With only $500 million in cash on the balance sheet at the end of 2021, Nikola will almost assuredly have to raise money from the capital markets in 2022 if it keeps up its current burn rate. This isn't necessarily a bad thing, but it will dilute existing shareholders, creating a headwind for future returns.
Is Nikola a buy hold or sell?
The Nikola Corporation stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $6.84 and $6.81. A break-up above any of these levels will issue buy signals.
What is the target price for Nikola stock?
Stock Price TargetsHigh$20.00Median$10.50Low$8.00Average$12.00Current Price$7.25
Is Nikola stock undervalued?
Because shares of Nikola went through a large drop in pricing in recent months, I believe the stock is now undervalued and could rebound in FY 2022 as the company reports accelerating customer adoption of its EV truck solutions!
Will Nikola come back?
A couple of days back, Nikola announced a multi-year agreement with Proterra, per which the latter would power NikolaTre BEV and Tre FCEV with Proterra battery technology. The first Proterra-powered Nikola is expected to be manufactured in fourth-quarter 2022.
Will OCGN go back up?
Long-term Ocugen stock forecast 2022-2025 Algorithm-based forecasting service Wallet Investor gave a positive OCGN stock price forecast. The site predicted that the share price could climb over the next year, to $7.2 by March 2023.
Why is NKLA so low?
NKLA stock plummeted after releasing its second-quarter update. The company lost 20 cents per share — the most of any quarter since at least the third quarter of 2019. By mid-December, shares sank to 8.86, a new all-time low since its Nasdaq debut in June 2018.
Is lucid a good stock to buy?
The Lucid story is exciting, and you might think it is time to buy the dip with the stock down around 50% just this year. But make no mistake, this is still a highly speculative investment at a nosebleed price. In 2021, Lucid Group had an operating loss of $1.5 billion on revenue of just $27 million.
Is Nikola a buy right now?
7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Nikola in the last year. There are currently 6 hold rati...
Are investors shorting Nikola?
Nikola saw a increase in short interest in May. As of May 15th, there was short interest totaling 90,130,000 shares, an increase of 28.9% from the...
When is Nikola's next earnings date?
Nikola is scheduled to release its next quarterly earnings announcement on Tuesday, August 2nd 2022. View our earnings forecast for Nikola .
How were Nikola's earnings last quarter?
Nikola Co. (NASDAQ:NKLA) posted its quarterly earnings results on Thursday, May, 5th. The company reported ($0.21) EPS for the quarter, beating ana...
What price target have analysts set for NKLA?
7 Wall Street analysts have issued 1 year target prices for Nikola's stock. Their forecasts range from $8.00 to $15.00. On average, they expect Nik...
Who are Nikola's key executives?
Nikola's management team includes the following people: Mr. Mark A. Russell , Pres, CEO & Director (Age 59, Pay $1) Mr. Kim J. Brady , Chief Fi...
Who are some of Nikola's key competitors?
Some companies that are related to Nikola include Tesla (TSLA) , General Motors (GM) , Ford Motor (F) , Thor Industries (THO) , Fisker (FSR) ,...
What other stocks do shareholders of Nikola own?
Based on aggregate information from My MarketBeat watchlists, some companies that other Nikola investors own include Tesla (TSLA) , NIO (NIO) ,...
What is Nikola's stock symbol?
Nikola trades on the NASDAQ under the ticker symbol "NKLA."
NASDAQ: NKLA
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Nikola's plans for 2022
First, let's take a closer look at the recent trucks' delivery. The trucks that Nikola delivered to Total Transportation Services are pilot trucks. Total Transportation Services will test these trucks, and if they're found satisfactory, the company will order 30 battery electric trucks in 2022. An order of 70 fuel cell trucks may follow in 2023.
What may not work for Nikola
Governments and companies have been looking at the heavy-duty truck segment as a key avenue to reduce emissions for a while. Despite significant efforts, not much progress has been made so far in this segment. There are a couple of key factors behind this slow progress.
Is the fuel cell truck maker a buy?
Nikola is still months away from producing salable electric trucks. Moreover, how its pilot trucks will perform remains to be seen.
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How much will Nikola stock go up in 2022?
In the first half of 2022, the Nikola price will climb to $28.43; in the second half, the price would add $1.97 and close the year at $30.40, which is +118% to the current price. Nikola Stock Forecast 2023-2027. These five years would bring an increase: Nikola price would move from $30.40 to $50.36, which is up 66%.
When will Nikola hit $20?
According to the latest long-term forecast, Nikola price will hit $20 by the end of 2021 and then $30 by the middle of 2022. Nikola will rise to $40 within the year of 2024, $50 in 2025, $60 in 2028, $70 in 2031 and $75 in 2033.
How much is Nikola 2028?
In this period, the Nikola price would rise from $58.72 to $73.59, which is +25%. Nikola will start 2028 at $58.72, then soar to $59.93 within the first half of the year, and finish 2028 at $61.19. It is about +306% from today.
What is the price of nicola in 2021?
Today, Nikola traded at $15.07, so the price increased by 50% from the beginning of the year. The forecasted Nikola price at the end of 2021 is $22.85 - and the year to year change +127%. The rise from today to year-end: +52%. In the first half of 2022, the Nikola price will climb to $33.13; in the second half, the price would add $2.30 and close the year at $35.43, which is +135% to the current price.
What does the S stand for in Nikola?
The S stands for supply vs. demand for shares. Nikola has reduced its float to 279.6 million shares. It shows 394 million shares outstanding. Management owns 16% of the shares outstanding, according to MarketSmith. This means that executives are still dining on their own cooking.
Is NKLA stock still in the early innings?
But today, NKLA stock is still in the early innings of recovery after making a grand swan dive.
NKLA : Nikola stock forecast by Wall Street Analysts
The average Nikola stock forecast from last 6 month is $11.5, and this show a 21.05% increase in average from the prior price target of the each prediction. Also, this average forecast of $11.5 represents a -41.33% decrease from the past average forecast of $19.6, 6 months ago from 5 wall street analysts.
Frequently Asked Questions about Nikola stock forecast
From Nikola stock forecast , Nikola (NKLA) stock can be a good investment choice. According to AI Pickup, the Nikola stock price forecast for 2022 Mar. is $8.71189873751805
Nikola stock analysis: how has the stock performed?
In September 2020, Hindenburg Research accused the company of being “an intricate fraud” built on “dozens of lies” over the course of founder Trevor Milton’s career. Milton resigned shortly afterwards.
SEC investigation update
As part of its recent third quarter results announcement in early November, Nikola said it had been in discussions with the SEC and expected to pay a $125m civil penalty, to be paid in instalments.
NKLA stock price prediction: fourth quarter targets
The US designer and manufacturer of zero-emission battery-electric and hydrogen-electric vehicles aims to globally transform the transportation industry. “Nikola is driven to revolutionise the economic and environmental impact of commerce as we know it today,” it has declared.
Nikola stock and industry news
In early October 2021, Nikola announced a collaboration with PGT Trucking, an international multi-service flatbed transportation company to advance electric drive heavy-duty transport.
Nikola stock prediction: a fast-developing industry
It’s worth noting that Nikola is operating in an industry that’s expected to grow rapidly over the coming years as the world moves more towards electric vehicles.
Nikola share price forecast: what do the analysts say?
According to Danni Hewson, financial analyst at AJ Bell, Nikola seems to be making some progress in its bid to put its substantial troubles behind it.
Nikola Corporation share price forecast: NKLA stock price targets
What is the future of Nikola stock? It’s clear that challenges remain for the company, which you need to keep in mind if you’re building a longer term Nikola stock forecast for 2022, 2023, 2025 or even 2030.
Nikola stock is dropping
Nikola stock dropped significantly after the DOJ (U.S. Department of Justice) disclosed that Milton was charged with making misleading and false claims to Nikola investors. The DOJ said that it charged Milton on two counts of securities fraud and one count of wire fraud.
What Milton's indictment means for Nikola stock
On July 29, Nikola issued a statement pointing out that Milton hasn't had any involvement with the company since his resignation on September 20, 2020. The company also stated that it has worked with the government throughout the inquiry and, most importantly, that Nikola wasn’t charged in Milton's indictment.
How low can Nikola stock go?
It’s difficult to predict how low Nikola stock could go in the near term since the stock price is impacted by investor sentiments. Among brokerages, Nikola’s lowest target price is $13.
Will Nikola stock go back up?
As a company in the development phase, Nikola hasn’t generated any revenue yet and is still far from being profitable. It intends to start deliveries of the Tre battery-electric semi-truck by the end of 2021, followed by two hydrogen fuel cell-electric versions in 2023.
Nikola stock news
Things started to get interesting in the Nikola Corporation stock forecast. Shares suddenly surged ninefold to hit highs of $93.99 – pretty staggering for a business without any business.
Nikola stock forecast: a challenging set of results
In an August earnings presentation, NKLA reported a $263.455m year-to-date loss. It had deployed the first batch of five Alpha trucks and built the second batch of nine Beta trucks. It also forecast between 25 and 50 vehicle deliveries by year end. The company also said it expected to complete phase 1 of its Coolidge, Arizona factory by year-end.
