Shares of Workhorse Group, Inc. (WKHS.O) experienced a notable uptick today, crossing above its 20-day simple moving average (SMA), indicating a shift towards bullish momentum. This technical breakout comes as the company actively encourages shareholders to vote in favor of its transaction with Motiv and other proposals ahead of the Annual Meeting scheduled for November 25, 2025. The importance of achieving a quorum for the vote cannot be overstated, as a lack of sufficient support could lead to a standalone path for Workhorse, potentially impacting shareholder value negatively. Investors are closely monitoring this situation as the company continues to focus on zero-emission commercial vehicles, positioning itself for growth in the last-mile delivery sector.
Wall Street analysts forecast WKHS stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for WKHS is 0.65 USD with a low forecast of 0.65 USD and a high forecast of 0.65 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
Wall Street analysts forecast WKHS stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for WKHS is 0.65 USD with a low forecast of 0.65 USD and a high forecast of 0.65 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Buy
1 Hold
0 Sell
Hold
Current: 4.820
Low
0.65
Averages
0.65
High
0.65
Current: 4.820
Low
0.65
Averages
0.65
High
0.65
Roth Capital
Neutral
downgrade
2025-11-14
Reason
Roth Capital
Price Target
AI Analysis
2025-11-14
downgrade
Neutral
Reason
Roth Capital lowered the firm's price target on Workhorse Group to 65c from $1.50 and keeps a Neutral rating on the shares. The firm notes Workhorse reported non-consequential Q3 results and delayed the shareholder vote on the merger with Motiv, as it believes there was insufficient shareholder support. Roth hears Motiv needs Workhorse since there are questions about whether Motiv will have future access to the Ford chassis that they use to build many of their vehicles. The firm would look to revisit its view following a successful merger and related financing.
Roth Capital
Neutral
downgrade
2025-08-19
Reason
Roth Capital
Price Target
2025-08-19
downgrade
Neutral
Reason
Roth Capital lowered the firm's price target on Workhorse Group to $1.50 from $1.75 and keeps a Neutral rating on the shares post the Q2 report. The firm cites limited growth visibility for the target cut and says it could get more constructive on the shares with a creditable timeline to positive gross margins.
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Roth Capital
Neutral
downgrade
$2
2025-08-15
Reason
Roth Capital
Price Target
$2
2025-08-15
downgrade
Neutral
Reason
Roth Capital lowered the firm's price target on Workhorse Group to $1.75 from $2 and keeps a Neutral rating on the shares post the Q2 report. The company showed progress with revenue ahead on the delivery of 32 units and the Motiv Electric Trucks merger provides a wider path for ramping deliveries, the analyst tells investors in a research note. Roth says it could get constructive on the shares with a credible timeline to positive gross margins.
About WKHS
Workhorse Group Inc. is a technology company. Its primary focus is to provide solutions to the commercial transportation sector. The Company designs and manufactures all-electric trucks, including the technology that optimizes the way these trucks operate. The Company also manufactures medium-duty electric trucks and buses. Its products are marketed under the Workhorse brand. It manufactures Class 4 and 5/6 commercial delivery vehicles. These vehicles include the W56, based on long-standing Company know-how in the Class 5/6 truck chassis market, a medium-duty chassis, designed for last-mile delivery and high payload work-truck applications. The W56 is delivered in either a striped chassis or a complete step van configuration. In addition, it sells Class 4 cab chassis and step van vehicles, including the W4 CC and W750, and E-100 and E-GEN delivery vans. It also develops and maintains the Workhorse Connect remote data management system.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
