$0.07
10.00%
Nasdaq, Wed, Jul 16 2025
ISIN
US6541101050
Symbol
NKLA

Nikola Corporation Target price 2025 - Analyst rating & recommendation

Nikola Corporation Classifications & Recommendation:

Hold
58%
Sell
42%

Nikola Corporation Price Target

Target Price $4.08
Price $0.07
Potential
Number of Estimates 3
3 Analysts have issued a price target Nikola Corporation 2026 . The average Nikola Corporation target price is $4.08. This is higher than the current stock price. The highest price target is , the lowest is .
A rating was issued by 12 analysts: 0 Analysts recommend Nikola Corporation to buy, 7 to hold and 5 to sell.
Analysts don't have a crystal ball either, but they do represent the opinion of the market quite well. You should not take the price potential and the ratings as a recommendation to act. Rather, they serve as an additional building block for your own opinion or stock analysis.
Analyst Estimates: Analysts believe that the Nikola Corporation stock has an average upside potential 2026 of . Most analysts recommend the Nikola Corporation stock at Hold.

Sales and Margin forecast 2024, 2025 to 2027

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Quarter Annually
Dec '23 2024
Estimates
Revenue Million $ 35.84 109.70
27.93% 206.08%
EBITDA Margin -1,632.56% -418.66%
19.42% 74.36%
Net Margin -2,696.09% -533.31%
70.96% 80.22%

4 Analysts have issued a sales forecast Nikola Corporation 2024 . The average Nikola Corporation sales estimate is

$110m
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. This is
45.24% higher
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than the revenue of the last 12 months(TTM). The highest sales forecast is
$112m 48.06%
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, the lowest is
$104m 38.18%
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.

This results in the following potential growth metrics:

Revenue Estimates

2023 $35.8m 27.93%
2024
$110m 206.08%
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2025
$362m 230.31%
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2026
$542m 49.52%
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2027
$857m 58.21%
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8 Analysts have issued an Nikola Corporation EBITDA forecast 2024. The average Nikola Corporation EBITDA estimate is

$-459m
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. This is
7.92% higher
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
$-464m 7.03%
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, the lowest is
$-447m 10.40%
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.

This results in the following potential growth metrics and future EBITDA Margins:

EBITDA Estimates

2023 $-585m 13.94%
2024
$-459m 21.51%
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2025
$-330m 28.24%
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2026
$-179m 45.56%
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2027
$-824k 99.54%
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EBITDA Margin

2023 -1,632.56% 19.42%
2024
-418.66% 74.36%
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2025
-90.96% 78.27%
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2026
-33.12% 63.59%
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2027
-0.10% 99.70%
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7 Nikola Corporation Analysts have issued a net profit forecast 2024. The average Nikola Corporation net profit estimate is

$-585m
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. This is
7.83% higher
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
$-557m 12.31%
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, the lowest is
$-596m 6.04%
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.

This results in the following potential growth metrics and future Net Margins:

Net Profit Estimates

2023 $-966m 23.21%
2024
$-585m 39.45%
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2025
$-390m 33.30%
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2026
$-328m 15.91%
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Net Margin

2023 -2,696.09% 70.96%
2024
-533.31% 80.22%
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2025
-107.69% 79.81%
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2026
-60.56% 43.76%
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Earnings per share, P/E ratio and EV/sales Estimates 2024, 2025 to 2027

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Quarter Annually
Dec '23 2024
Estimates
Earnings Per Share $ -36.23 -10.58
31.96% 70.80%
P/E negative
EV/Sales 1.38

7 Analysts have issued a Nikola Corporation forecast for earnings per share. The average Nikola Corporation EPS is

$-10.58
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. This is
14.33% higher
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than earnings per share in the financial year 2023. The highest EPS forecast is
$-10.79 12.63%
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, the lowest is
$-10.07 18.46%
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.

This results in the following potential growth metrics and future valuations:

Earnings Per Share

2023 $-36.23 31.96%
2024
$-10.58 70.80%
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2025
$-7.06 33.27%
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2026
$-5.94 15.86%
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P/E ratio

Current -0.01 98.86%
2024
-0.01 61.29%
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2025
-0.01 0.00%
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2026
-0.01 0.00%
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Based on analysts' sales estimates for 2024, the Nikola Corporation stock is valued at an EV/Sales of

and an P/S ratio of .

This results in the following potential growth metrics and future valuations:

EV/Sales

Current 2.00 83.11%
2024
1.38 31.06%
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2025
0.42 69.73%
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2026
0.28 33.11%
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2027
0.18 36.78%
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P/S ratio

Current 0.09 99.38%
2024
0.06 31.18%
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2025
0.02 69.74%
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2026
0.01 33.33%
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2027
0.01 36.44%
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Current Nikola Corporation Upgrades & Downgrades

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Analyst Rating Action Date
DA Davidson
Locked
Locked
Locked Nov 11 2024
Baird
Locked
Locked
Locked Nov 01 2024
TD Cowen
Locked
Locked
Locked Nov 01 2024
Analyst Rating Date
Locked
DA Davidson:
Locked
Locked
Nov 11 2024
Locked
Baird:
Locked
Locked
Nov 01 2024
Locked
TD Cowen:
Locked
Locked
Nov 01 2024

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