
Worksport Ltd (WKSP) Stock Forecast & Price Target
Worksport Ltd (WKSP) Analyst Ratings
Bulls say
Worksport Ltd is projecting a significant revenue increase for 2025, with estimated figures climbing to $21.3 million, representing a substantial growth trajectory from $20.5 million previously. The company anticipates gross margins to exceed 30% in the second half of 2025, driven by higher margin products and improved production scale, contributing to a forecasted annual revenue between $20 million and $25 million compared to just $8.5 million in 2024. Furthermore, the introduction of new products, along with successful execution of strategic initiatives, could potentially lead to a revenue growth of nearly 200% in 2025, positioning the company favorably for sustainable profitability and enhanced shareholder value.
Bears say
Worksport Ltd reported a disappointing revenue of $2.2 million in Q1 2025, falling short of the estimated $3.8 million and decreasing from $2.9 million in Q4 2024, which raises concerns about the company's growth trajectory. The EBITDA loss is projected to increase to $33 million, highlighting operational challenges, while year-to-date share performance has declined by 66.1%, contrasting sharply with the 9.2% increase in the Russell 2000 index. Additionally, a reduction in the revenue forecast for 2025 to $23.4 million, along with a significant cash balance of only $5.1 million, reinforces the negative outlook for the company amidst rising operating expenses and continuous financial losses.
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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