Stock Price Prediction

WKHS stock has a bullish case if it successfully capitalizes on its recent strategic agreements, such as the 3-year FedEx Master Framework Agreement, which could expand its market access and revenue potential. Analysts have raised the price target to $1.25, reflecting optimism about these developments despite the company's financial struggles. However, the stock's current challenges, including negative cash flow and capital shortages, make this a high-risk, high-reward scenario.

Workhorse Group (WKHS) faces bearish sentiment due to its severe financial struggles, including a negative cash flow of $123 million in 2023 and a limited cash reserve of $3.24 million as of Q3 2024. The stock's inability to secure sufficient capital raises concerns about its operational sustainability, with analysts maintaining a "Hold" rating and a modest price target of $1.25. Current challenges, such as missed revenue expectations and high operational risks, suggest further downside pressure on the stock price.

The market consensus for WKHS's revenue in the upcoming quarter is projected to be approximately $2.61M USD.