Workhorse Group (WKHS) Stock Forecast & Price Target

$0.85

-0.03 (-3.55%)

(As of 10:47 AM ET)

Workhorse Group - Analysts' Recommendations and Stock Price Forecast (2024)

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

Reduce
Based on 4 Analyst Ratings

Based on 4 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 4 analysts, 1 has given a sell rating, and 3 have given a hold rating for WKHS.

Consensus Price Target

$10.08
1,087.81% Upside

High Forecast	$20.00
Average Forecast	$10.08
Low Forecast	$0.25

According to the 4 analysts' twelve-month price targets for Workhorse Group, the average price target is $10.08. The highest price target for WKHS is $20.00, while the lowest price target for WKHS is $0.25. The average price target represents a forecasted upside of 1,087.81% from the current price of $0.85.

Type	Current Forecast 8/23/23 to 8/22/24	1 Month Ago 7/24/23 to 7/23/24	3 Months Ago 5/25/23 to 5/24/24	1 Year Ago 8/23/22 to 8/23/23
Consensus Rating	Reduce	Reduce	Hold	Buy
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)	1 Buy rating(s)	1 Buy rating(s)
Hold	3 Hold rating(s)	2 Hold rating(s)	2 Hold rating(s)	0 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$10.08	$15.00	$30.00	$90.00
Forecasted Upside	1,087.81% Upside	161.42% Upside	128.61% Upside	149.92% Upside

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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.

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.

Workhorse Group Stock vs. The Competition

Type	Workhorse Group	Consumer Cyclical Companies	S&P 500
Consensus Rating Score	1.75	2.55	2.51
Consensus Rating	Reduce	Moderate Buy	Moderate Buy
Predicted Upside	1,117.50% Upside	212.43% Upside	8.65% Upside
News Sentiment Rating	Neutral News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
8/21/2024	TD Cowen 4 of 5 stars	Lower Target	Hold ➝ Hold	$3.00 ➝ $0.25	-71.91%
4/1/2024	DA Davidson 3 of 5 stars	Lower Target	Neutral ➝ Neutral	$20.00 ➝ $10.00	+120.75%
3/13/2024	R. F. Lafferty 5 of 5 stars	Reiterated Rating	Hold ➝ Sell
11/15/2023	BTIG Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy ➝ Neutral
7/20/2023	B. Riley Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy	$80.00 ➝ $60.00	+147.93%
12/12/2022	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		$100.00	+166.67%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 10:56 AM ET.

WKHS Forecast - Frequently Asked Questions

What is Workhorse Group's forecast for 2024?: According to the research reports of 4 Wall Street equities research analysts, the average twelve-month stock price forecast for Workhorse Group is $10.08, with a high forecast of $20.00 and a low forecast of $0.25.
Should I buy or sell Workhorse Group stock right now?: 4 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 3 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "reduce" WKHS shares.
Does Workhorse Group's stock price have much upside?: According to analysts, Workhorse Group's stock has a predicted upside of 165.43% based on their 12-month stock forecasts.
What analysts cover Workhorse Group?: Workhorse Group has been rated by research analysts at TD Cowen in the past 90 days.
Do Wall Street analysts like Workhorse Group more than its competitors?: Analysts like Workhorse Group less than other "consumer cyclical" companies. The consensus rating for Workhorse Group is Reduce while the average consensus rating for "consumer cyclical" companies is Moderate Buy. Learn more on how WKHS compares to other companies.