NASDAQ:RIDE - Lordstown Motors Stock Price Target and Predictions

  • Consensus Rating: Hold
  • Consensus Price Target: $24.71
  • Forecasted Upside: 168.63 %
  • Number of Analysts: 6
  • Breakdown:
  • 2 Sell Ratings
  • 1 Hold Ratings
  • 3 Buy Ratings
  • 0 Strong Buy Ratings
$9.20
+0.30 (1.20%)
1 month | 3 months | 12 months
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Analyst Price Target for RIDE

i We calculate 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 (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). Our 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. Our consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
$24.71
▲ +168.63% Upside Potential
This price target is based on 6 analysts offering 12 month price targets for Lordstown Motors in the last 3 months. The average price target is $24.71, with a high forecast of $40.00 and a low forecast of $12.00. The average price target represents a 168.63% upside from the last price of $9.20.
Hold
The current consensus among 6 polled investment analysts is to hold stock in Lordstown Motors. This rating has held steady since November 2020, when it changed from a Sell consensus rating.

Past Monthly Recommendations

Move your mouse over past months for details

  • 0 strong buy ratings
  • 0 buy ratings
  • 0 hold ratings
  • 0 sell ratings
10/28/2019
  • 0 strong buy ratings
  • 0 buy ratings
  • 0 hold ratings
  • 0 sell ratings
1/26/2020
  • 0 strong buy ratings
  • 0 buy ratings
  • 0 hold ratings
  • 0 sell ratings
4/25/2020
  • 0 strong buy ratings
  • 0 buy ratings
  • 0 hold ratings
  • 0 sell ratings
7/24/2020
  • 0 strong buy ratings
  • 0 buy ratings
  • 0 hold ratings
  • 0 sell ratings
10/22/2020
  • 0 strong buy ratings
  • 2 buy ratings
  • 0 hold ratings
  • 1 sell ratings
1/20/2021
  • 0 strong buy ratings
  • 3 buy ratings
  • 0 hold ratings
  • 2 sell ratings
3/21/2021
  • 0 strong buy ratings
  • 3 buy ratings
  • 1 hold ratings
  • 2 sell ratings
4/20/2021

Latest Recommendations

  • 0 strong buy ratings
  • 3 buy ratings
  • 1 hold ratings
  • 2 sell ratings

DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
4/20/2021Bank of AmericaInitiated CoverageNeutral$13.00Low
i
3/24/2021Morgan StanleyLower Price TargetUnderweight$18.00 ➝ $12.00High
i
3/18/2021Morgan StanleyLower Price TargetReduce ➝ Underweight$18.00 ➝ $12.00Low
i
3/18/2021BTIG ResearchLower Price TargetBuy$50.00 ➝ $40.00High
i
2/11/2021Morgan StanleyInitiated CoverageUnderweight$18.00Low
i
1/29/2021Wolfe ResearchUpgradeUnderperform ➝ Peer Perform$14.00 ➝ $27.00Low
i
12/22/2020R. F. LaffertyInitiated CoverageBuy$35.00Medium
i
12/11/2020The Goldman Sachs GroupInitiated CoverageBuy$31.00Low
i
12/9/2020Wolfe ResearchInitiated CoverageUnderperform$14.00High
i
11/20/2020Vertical ResearchInitiated CoverageSell$15.00Medium
i
(Data available from 4/21/2016 forward)
Lordstown Motors logo
Lordstown Motors Corp., an automotive company, develops, manufactures, and sells light duty electric trucks targeted for sale to fleet customers. It primarily develops Endurance, an electric full-size pickup truck. Lordstown Motors Corp. was founded in 2019 and is based in Lordstown, Ohio.
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Today's Range

Now: $9.20
$8.80
$9.40

50 Day Range

MA: $13.45
$9.20
$20.59

52 Week Range

Now: $9.20
$8.80
$31.80

Volume

6,182,259 shs

Average Volume

9,920,859 shs

Market Capitalization

$1.62 billion

P/E Ratio

N/A

Dividend Yield

N/A

Beta

1.32

Frequently Asked Questions

What sell-side analysts currently cover shares of Lordstown Motors?

The following Wall Street research analysts have issued research reports on Lordstown Motors in the last twelve months: Bank of America Co., BTIG Research, Morgan Stanley, R. F. Lafferty, The Goldman Sachs Group, Inc., Vertical Research, Wolfe Research, and Zacks Investment Research.
View the latest analyst ratings for RIDE.

What is the current price target for Lordstown Motors?

7 Wall Street analysts have set twelve-month price targets for Lordstown Motors in the last year. Their average twelve-month price target is $24.71, suggesting a possible upside of 168.6%. BTIG Research has the highest price target set, predicting RIDE will reach $40.00 in the next twelve months. Morgan Stanley has the lowest price target set, forecasting a price of $12.00 for Lordstown Motors in the next year.
View the latest price targets for RIDE.

What is the current consensus analyst rating for Lordstown Motors?

Lordstown Motors currently has 2 sell ratings, 1 hold rating and 3 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Hold." A "hold" rating indicates that analysts believe investors should keep any existing positions they have in RIDE, but not buy more shares or sell existing shares.
View the latest ratings for RIDE.

What other companies compete with Lordstown Motors?

How do I contact Lordstown Motors' investor relations team?

Lordstown Motors' physical mailing address is 2300 HALLOCK YOUNG ROAD, LORDSTOWN OH, 44481. The company's listed phone number is 234 285 4001 and its investor relations email address is [email protected] The official website for Lordstown Motors is lordstownmotors.com.