LORDSTOWN MOTORS CORP-CL A (RIDE) Forecast, Price Target & Analyst Ratings

NASDAQ:RIDE • US54405Q2093

2.2 USD
+0.05 (+2.33%)
At close: Jul 6, 2023
2.1 USD
-0.1 (-4.55%)
After Hours: 7/6/2023, 8:17:01 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

View the latest analyst price targets, stock forecast, EPS estimates, revenue projections, revisions, full estimates, rating distribution and upgrades/downgrades for LORDSTOWN MOTORS CORP-CL A (RIDE).

Forecast Snapshot

Consensus Price Target

Price Target
$15.30
+ 595.45% Upside

Next Earnings Forecast

Earnings Estimate
Release DateAug 2, 2023
PeriodQ2 / 2023
EPS Estimate-$3.87
Revenue Estimate455.94K

ChartMill Buy Consensus

Rating
43.33%
Weighted Analyst Rating Score

Price Target Details & History

Consensus Price Target and Range

Mean target
$15.30
Upside
+ 595.45%
From current price of $2.20 to mean target of $15.30, Based on 6 analyst forecasts
Low
$15.15
Median
$15.30
High
$15.75

Price Target Revisions

1 Month
94.17%
3 Months
370.59%

Price Target Summary

6 analysts have analysed RIDE and the average price target is 15.3 USD. This implies a price increase of 595.45% is expected in the next year compared to the current price of 2.2.
The average price target has been revised upward by 370.59% in the past 3 months.
 → Find peer stocks trading 30% below analyst price target

Analyst Ratings & History

Current Analyst Ratings

RIDE Current Analyst RatingRIDE Current Analyst Buy, Sell and Hold Ratings.Current Analyst Rating Strong Buy Buy Hold Sell Strong Sell 0.5 1 1.5 2 2.5

Analyst Ratings History

RIDE Historical Analyst RatingsRIDE Historical Analyst Buy, Sell and Hold Ratings and number of analysts.Historical Monthly Analyst Rating -19 -17 -15 -13 -11 -9 -7 -5 -3 -1 2 4 6 8 10

Analyst Ratings Consensus

ChartMill Buy Consensus
43.33%
RIDE was analyzed by 6 analysts. The buy percentage consensus is at 43. So analysts seem to be rather negative about RIDE.
In the previous month the buy percentage consensus was at a similar level.
RIDE was analyzed by 6 analysts. More opinions would make the average more meaningful.
 → Find peer stocks with a buy consensus above 85%

Recent Upgrades & Downgrades

DateFirmActionFrom → To
2023-04-12Goldman SachsMaintains Sell
2022-05-11RBC CapitalMaintains Underperform
2022-05-10RF LaffertyDowngrade Hold -> Sell
2022-03-01RBC CapitalMaintains Underperform
2022-03-01Goldman SachsMaintains Sell
2021-11-12BTIGDowngrade Buy -> Neutral
2021-10-05Morgan StanleyDowngrade Equal-Weight -> Underweight
2021-10-04RBC CapitalMaintains Underperform
2021-10-01Morgan StanleyReiterate Equal-Weight
2021-09-27Goldman SachsDowngrade Neutral -> Sell
2021-09-16B of A SecuritiesDowngrade Neutral -> Underperform
2021-06-14RF LaffertyDowngrade Hold -> Sell
2021-06-09RBC CapitalInitiate Underperform
2021-05-28Deutsche BankInitiate Hold
2021-05-25RF LaffertyDowngrade Buy -> Hold
2021-05-25Morgan StanleyMaintains Underweight
2021-05-20Wolfe ResearchDowngrade Peer Perform -> Underperform
2021-04-22Goldman SachsDowngrade Buy -> Neutral
2021-04-20B of A SecuritiesInitiate Neutral
2021-03-19Morgan StanleyMaintains Underweight
2021-02-12Morgan StanleyInitiate Underweight

Next Earnings Forecast Details

Next Earnings Details

Release DateAug 2, 2023
PeriodQ2 / 2023
EPS Estimate-$3.87
Revenue Estimate455.94K
Revenue Q2QN/A
EPS Q2Q-1,934.63%
Number of Analysts4

Next Earnings Revisions

Revenue (1 Month)
0.00%
Revenue (3 Months)
0.00%
EPS (1 Month)
0.00%
EPS (3 Months)
-1,357.69%

Next Earnings Summary

RIDE is expected to report earnings on 8/2/2023. The consensus EPS estimate for the next earnings is -3.87 USD and the consensus revenue estimate is 455.94K USD.
The next earnings revenue estimate has been revised downward by 0% in the past 3 months.
 → Find peers expecting at least 20% revenue growth next quarter

Full Analyst Estimates

Yearly Earnings Per Share (EPS), Revenue, EBIT, EBITDA and Operating Margin Analyst Estimates

2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030
Revenue
YoY % growth
RIDE revenue by date.RIDE revenue by date.
194K3.69M
1,802.06%		35.152M
852.63%		327.69M
832.21%		760.79M
132.17%		1.122B
47.48%		1.627B
45.01%		2.119B
30.24%		2.591B
22.27%
EBITDA
YoY % growth
RIDE ebitda by date.RIDE ebitda by date.
N/A-389.378M
-729.31%		-267.439M
31.32%		-305.478M
-14.22%		-274.678M
10.08%		-146.865M
46.53%		-22.909M
84.40%		75.019M
427.46%		176.46M
135.22%		223.38M
26.59%		273.36M
22.37%
EBIT
YoY % growth
RIDE ebit by date.RIDE ebit by date.
-102.48M
-886.33%		-400.489M
-290.80%		-275.915M
31.11%		-359.912M
-30.44%		-354.476M
1.51%		-224.647M
36.63%		-109.609M
51.21%		-11.681M
89.34%		N/AN/AN/A
Operating Margin
RIDE operating margin by date.RIDE operating margin by date.
N/AN/A-142,224.23%-9,753.72%-1,008.41%-68.55%-14.41%-1.04%N/AN/AN/A
EPS
YoY % growth
RIDE eps by date.RIDE eps by date.
N/A-2.29
-276.27%		-18.35
-701.31%		-1.50
91.80%		-1.38
8.47%		-0.94
31.48%		-0.36
61.71%		-0.06
84.56%		0.26
557.04%		0.41
60.00%		0.56
37.50%

All data in USD

Quarterly Earnings Per Share (EPS), Revenue, EBIT and EBITDA Analyst Estimates

Q2 / 23 Q3 / 23 Q4 / 23
EPS
Q2Q % growth		-3.87
-1,934.63%		-4.01
63.39%		-4.47
33.81%
Revenue
Q2Q % growth		455.94K1.185M3.366M
1,635.05%
EBITDA
Q2Q % growth		-47.94M
47.68%		-144.126M
-166.60%		-197.166M
-233.50%
EBIT
Q2Q % growth		-59.673M
-47.52%		-108.975M
-36.25%		-136.26M
-101.58%

All data in USD

Yearly Earnings Per Share (EPS) and Revenue Trends vs Historical Data

RIDE Yearly Revenue VS EstimatesRIDE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2022 2023 2024 2025 2026 2027 2028 2029 2030 500M 1B 1.5B 2B 2.5B
RIDE Yearly EPS VS EstimatesRIDE Yearly EPS VS EstimatesYearly EPS VS Estimates 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0 -5 -10 -15

Long Term Forward Growth Forecast Summary

Long Term EPS Growth (CAGR)

EPS Next 3 Year
24.90%
EPS Next 5 Year
14.83%

Long Term Revenue Growth (CAGR)

Revenue Next 3 Year
456.63%
Revenue Next 5 Year
258.30%

Long Term EBIT Growth (CAGR)

EBIT Next 3 Year
12.22%
EBIT Next 5 Year
18.12%
→ Find peers expecting at least 20% CAGR revenue growth over the next 3 years

LORDSTOWN MOTORS CORP-CL A / RIDE Forecast FAQ

What is the price target for RIDE stock?

6 analysts have analysed RIDE and the average price target is 15.3 USD. This implies a price increase of 595.45% is expected in the next year compared to the current price of 2.2.


What is the next earnings date for RIDE stock?

LORDSTOWN MOTORS CORP-CL A (RIDE) will report earnings on 2023-08-02, before the market open.


What are the consensus estimates for LORDSTOWN MOTORS CORP-CL A (RIDE) next earnings?

The consensus EPS estimate for the next earnings of LORDSTOWN MOTORS CORP-CL A (RIDE) is -3.87 USD and the consensus revenue estimate is 455.94K USD.


Can you provide the analyst count for LORDSTOWN MOTORS CORP-CL A stock?

The number of analysts covering LORDSTOWN MOTORS CORP-CL A (RIDE) is 6.