
Xos (XOS) Stock Forecast & Price Target
Xos (XOS) Analyst Ratings
Bulls say
Xos Inc. has demonstrated significant financial improvement, with adjusted gross margins increasing from negative 45% in 2022 to a positive 13% in the second quarter of 2024. The company's revenue from powertrain and hub sales is projected to grow by 66.0%, indicating a strong demand for its zero-emission commercial vehicles. Additionally, total sales are expected to rise by 12.9% to $68.6 million in FY25, further supported by improving margins from recent enhancements in engineering, supply chain, and manufacturing efficiencies.
Bears say
Xos Inc. is experiencing a concerning decline in unit sales, with a 10.5% drop from 3Q23 to 3Q24, coupled with a stagnant average selling price (ASP) that has decreased by roughly 5.0% from the previous quarter. The company's reliance on external manufacturing partners introduces risks that could hinder profitability and overall operational control. Furthermore, the lack of current profitability and potential delays in adopting new technologies may significantly undermine Xos's competitive position in the evolving electric vehicle market.
This aggregate rating is based on analysts' research of Xos and is not a guaranteed prediction by Public.com or investment advice.
Xos (XOS) Analyst Forecast & Price Prediction
Start investing in Xos (XOS)
Order type
Buy in
Order amount
Est. shares
0 shares