R.F. Lafferty analyst Jaime Perez maintained a Buy rating on Workhorse Group (WKHS – Research Report) today and set a price target of $4.00. The company’s shares closed yesterday at $1.10.
Perez covers the Technology sector, focusing on stocks such as Luminar Technologies, Canoo, and ChargePoint Holdings. According to TipRanks, Perez has an average return of -16.8% and a 29.66% success rate on recommended stocks.
Currently, the analyst consensus on Workhorse Group is a Moderate Buy with an average price target of $2.83.
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WKHS market cap is currently $231.9M and has a P/E ratio of -1.50.
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Workhorse Group, Inc. engages in designing and build performance battery-electric vehicles and aircraft. It develops cloud-based, real-time telematics performance monitoring systems. The firm operates in two divisions, Automotive and Aviation. The Automotive division operates as a original equipment manufacturer of class 3-6 commercial-grade, medium-duty truck chassis, marketed under the Workhorse brand. The Aviation division offers delivery drones and SureFly multicopter. The company was founded by Stephen S. Burns on February 20, 2007 and is headquartered in Loveland, OH.
Read More on WKHS:
- Workhorse Group Reports Second Quarter 2023 Results
- WKHS Upcoming Earnings Report: What to Expect?
- Workhorse Highlights ISS Recommendation that Stockholders Vote FOR the Proposal to Increase the Number of Authorized Shares
- Workhorse Group says ISS recommends stockholders for FOR proposal
- Workhorse Group mails letter to stockholders from CEO Dauch
