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Workhorse Group (WKHS) Stock Forecast & Price Target

Workhorse Group logo
$0.75 -0.02 (-3.01%)
(As of 10:04 AM ET)

Workhorse Group - Analysts' Recommendations and Stock Price Forecast (2025)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Sell
1
Hold
2
Buy
0

Based on 3 Wall Street analysts who have issued ratings for Workhorse Group in the last 12 months, the stock has a consensus rating of "Reduce." Out of the 3 analysts, 1 has given a sell rating, and 2 have given a hold rating for WKHS.

Consensus Price Target

$5.63
648.30% Upside
According to the 3 analysts' twelve-month price targets for Workhorse Group, the average price target is $5.63. The highest price target for WKHS is $10.00, while the lowest price target for WKHS is $1.25. The average price target represents a forecasted upside of 648.30% from the current price of $0.75.
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WKHS Analyst Ratings Over Time

TypeCurrent Forecast
12/27/23 to 12/26/24
1 Month Ago
11/27/23 to 11/26/24
3 Months Ago
9/28/23 to 9/27/24
1 Year Ago
12/27/22 to 12/27/23
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
0 Buy rating(s)
0 Buy rating(s)
0 Buy rating(s)
1 Buy rating(s)
Hold
2 Hold rating(s)
2 Hold rating(s)
3 Hold rating(s)
2 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$5.63$5.63$10.08$36.67
Forecasted Upside648.30% Upside425.70% Upside1,013.20% Upside386.81% Upside
Consensus Rating
Reduce
Reduce
Reduce
Hold

WKHS Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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WKHS Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Workhorse Group Stock vs. The Competition

TypeWorkhorse GroupAuto/Tires/Trucks CompaniesS&P 500
Consensus Rating Score
1.67
2.50
2.51
Consensus RatingReduceHoldModerate Buy
Predicted Upside625.81% Upside235.11% Upside13.49% Upside
News Sentiment Rating
Neutral News

See Recent WKHS News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
11/20/2024TD Cowen
5 of 5 stars
 Boost TargetHold ➝ Hold$0.25 ➝ $1.25+17.92%
4/1/2024DA Davidson
3 of 5 stars
 Lower TargetNeutral ➝ Neutral$20.00 ➝ $10.00+120.75%
3/13/2024R. F. Lafferty
5 of 5 stars
 Reiterated RatingHold ➝ Sell
11/15/2023BTIG Research
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Reiterated RatingBuy ➝ Neutral
7/20/2023B. Riley
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Lower TargetBuy$80.00 ➝ $60.00+147.93%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 10:29 AM ET.


WKHS Forecast - Frequently Asked Questions

According to the research reports of 3 Wall Street equities research analysts, the average twelve-month stock price forecast for Workhorse Group is $5.63, with a high forecast of $10.00 and a low forecast of $1.25.

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Workhorse Group in the last twelve months. There is currently 1 sell rating and 2 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "reduce" WKHS shares.

According to analysts, Workhorse Group's stock has a predicted upside of 648.30% based on their 12-month stock forecasts.

Workhorse Group has been rated by research analysts at TD Cowen in the past 90 days.

Analysts like Workhorse Group less than other "auto/tires/trucks" companies. The consensus rating for Workhorse Group is Reduce while the average consensus rating for "auto/tires/trucks" companies is Hold. Learn more on how WKHS compares to other companies.


This page (NASDAQ:WKHS) was last updated on 12/26/2024 by MarketBeat.com Staff
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