Nikola Stock Forecast 2024-2028 These five years would bring a significant increase: Nikola price would move from $10.03 to $22.39, which is up 123%. Nikola will start 2024 at $10.03, then soar to $11.65 within the first six months of the year and finish 2024 at $13.40.
Full Answer
What is going on with Nikola stock?
Stock in the electric truck maker Nikola (NKLA) has sunk to a new low today (21 January) falling a further 6% to $7.5. This is despite a run of positive if not earth shattering news announcements in the last couple of weeks.
Will Nikola stock hit $30 in 2021?
According to the latest long-term forecast, Nikola price will hit $20 by the end of 2021 and then $30 by the middle of 2024. Nikola will rise to $40 within the year of 2027 and $50 in 2032. Nikola Stock Price Forecast 2021-2022 Nikola price started in 2021 at $10.05.
How high will Nikola price rise in the next 5 years?
These five years would bring a significant increase: Nikola price would move from $15.85 to $35.66, which is up 125%. Nikola will start 2023 at $15.85, then soar to $19.42 within the first six months of the year and finish 2023 at $22.03. That means +136% from today. In this period, the Nikola price would rise from $35.66 to $44.68, which is +25%.
Should you buy Nikola (NXN) stock?
7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Nikola in the last year. There are currently 6 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Nikola stock.
Will Nikola Corporation stock 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 +74.13% increase from the last price of 6.03.
Is Nikola stock a good buy right now?
Unless you are extremely confident about Nikola's technology and growth trajectory, now is not a great time to buy Nikola stock.
Is there a future for Nikola?
In its Q3 announcement, the company highlighted progress in building out its sales and service network. Dealers now encompass 130 locations across 28 states. Nikola expects to deliver up to 25 Tre BEV (battery electric vehicle) trucks by the end of 2021.
Why has Nikola stock gone up?
Shares of electric and hydrogen truck technology provider Nikola were rising sharply in Thursday trading after the company confirmed that production has begun on its battery-electric commercial truck, the Tre, ahead of its investor event to be held later Thursday.
Is Nikola a buy hold or sell?
For example, a stock trading at $35 with earnings of $3 would have an earnings yield of 0.0857 or 8.57%. A yield of 8.57% also means 8.57 cents of earnings for $1 of investment....Momentum Scorecard. More Info.Zacks RankDefinitionAnnualized Return1Strong Buy25.08%2Buy18.56%3Hold10.15%4Sell5.79%2 more rows
Is NKLA a good long term investment?
According to Wallet Investor's algorithm-driven Nikola stock projection, as of 22 March NKLA stock was a “bad long-term (one year) investment” that would become effectively worthless over the next 12 months. However, Market Beat's eight analyst consensus was hold.
Is Nikola doomed?
Nikola isn't doomed yet. The JVs and partnerships have value. The market opportunity may well be bigger, faster than investors believed a year ago.
Will Nikola Motors recover?
Nikola's plans for 2022 An order of 70 fuel cell trucks may follow in 2023. In addition to successful trials, an order from Total Transportation Services will depend on it getting some government funding for the purchase of trucks.
Does Nikola make anything?
Nikola Corp. (NKLA), which designs and plans to manufacture hydrogen-electric trucks, first became a publicly traded company in early 2020. Its shares more than doubled within days of completing a reverse merger in early March with VectoIQ Acquisition Corp., which was listed as VTIQ on the Nasdaq prior to the deal.
Who bought Nikola?
On September 8, 2020, Nikola and GM announced a partnership, by which GM would acquire an 11% stake in Nikola (valued at approximately $2 billion at the time of the announcement).
Is Nikola for real?
Milton, during the presentation, stated multiple times that the truck was “fully functioning” and that it was “real and not a pusher”. However, multiple reports later found out that the Nikola One contained a turbine designed for natural gas and no hydrogen technology whatsoever.
What is happening with Nikola Motors?
Nikola Motors (NKLA) has lost almost its entire supply chain leadership over the last few months as the situation at the company is starting to look dire. Sources familiar with the matter say that the company put a hiring freeze in place for now. The last year has been tough for Nikola Motors.
Should I buy or sell Nikola stock right now?
7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Nikola in the last year. There are currently 6 hold ratings and 1...
What is Nikola's stock price forecast for 2022?
7 brokers have issued 12-month price targets for Nikola's stock. Their forecasts range from $8.00 to $15.00. On average, they anticipate Nikola's s...
How has Nikola's stock performed in 2022?
Nikola's stock was trading at $9.87 at the beginning of 2022. Since then, NKLA stock has decreased by 38.8% and is now trading at $6.04. View 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) announced its quarterly earnings data on Thursday, May, 5th. The company reported ($0.21) earnings per share (EPS) for the...
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) , Ford Motor (F) , General Motors (GM) , 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."
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.
Nikola stock news investors should know
Wedbush became the first Wall Street firm on Sept. 24 to hit Nikola stock with a sell rating. The firm downgraded Nikola stock from its previous hold rating. At the same time, Wedbush slashed its target price for Nikola stock from $45 to $15. The news about Wedbush’s action put more pressure on Nikola stock.
Should you sell Nikola stock?
Recently, selling in Nikola stock has increased. If you’re thinking about buying or selling Nikola stock, it helps to understand the sentiment on Wall Street and also check the company’s market opportunity.
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.
Stock Price Forecast
The 7 analysts offering 12-month price forecasts for Nikola Corp have a median target of 12.00, with a high estimate of 23.00 and a low estimate of 8.00. The median estimate represents a +51.71% increase from the last price of 7.91.
Analyst Recommendations
The current consensus among 10 polled investment analysts is to Hold stock in Nikola Corp. This rating has held steady since February, when it was unchanged from a Hold rating. Move your mouse over past months for detail
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.
Who is the CEO of Nikola Tesla?
With that in mind, let’s go back to Nikola. The company also has a CEO, Trevor Milton, who likes to tease investors through tweets. And that seems to be drawing their ire as they are feeling maybe there’s a little more in common with the two companies than the combination of their company names (i.e. “Nikola Tesla”).
Who is Chris Markoch?
And when that happens, you don’t want to be caught being the greater fool. Chris Markoch is a freelance financial copywriter who has been covering the market for over five years. He has been writing for InvestorPlace since 2019.
Does Nikola have a plant?
But while Tesla and Nio are actually producing cars, Nikola does not even have a plant built. My InvestorPlace colleague Wayne Duggan summarized the current state of Nikola stock in his recent article: The stock is priced as if Nikola has already taken over the entire truck market. This is a company without a single product on the market.
Is Nikola Tesla bullish?
The bullish case for Nikola is, perhaps ironically, found in Tesla’s success. For the last two years, Tesla has confounded any bearish argument. They could miss on production targets or disappoint on earnings and the stock continued to go up.