
Worksport Ltd (WKSP) Stock Forecast & Price Target
Worksport Ltd (WKSP) Analyst Ratings
Bulls say
Worksport Ltd is projecting significant revenue growth, with expected 2025 revenues now modeled at $21.3 million, a considerable increase from prior estimates, alongside a projected doubling of revenue from $8.5 million in 2024. The company's gross margin expectations are improving as well, with margins anticipated to exceed 30.0% in the latter half of 2025, driven by higher-margin products and enhanced production scale. Furthermore, the successful execution of current strategic initiatives may lead to a revenue increase of nearly 200.0% in 2025, indicating a strong path toward sustainable profitability and expanding operating leverage.
Bears say
Worksport Ltd's financial outlook appears negative due to a revenue miss in 1Q25, reporting $2.2 million compared to an anticipated $3.8 million, and a sequential decline from $2.9 million in 4Q24. The company is also facing increasing EBITDA losses, with estimates moving to a loss of $33 million for 2025, reflecting challenges in revenue generation and higher operating expenses that contributed to a larger than expected $3.7 million EBITDA loss in the latest quarter. Additionally, despite being within the company's guided revenue range for 2025, projected revenues have been downgraded to $23.4 million from an earlier estimate of $25 million, while year-to-date share performance has worsened significantly, declining 66.1% against the backdrop of a broader market increase.
This aggregate rating is based on analysts' research of Worksport Ltd and is not a guaranteed prediction by Public.com or investment advice.
Worksport Ltd (WKSP) Analyst Forecast & Price Prediction
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