Worksport

WKSP · NASDAQ

$0.3545+$0.0159 (+4.70%)TodayMarket closed · Oct 20, 5:08 PM ET

Prev close $0.3386

WKSP analyst rating

BuyConsensus of 1 analyst over the last 12 months. 100% rate it a buy.

Strong buy0
Buy1
Hold0
Underperform0
Sell0

12-month price target · 3 analysts

Average $2.04 (+475.5% upside)

Low: $2.02
Now: $0.3545
High: $2.10

Upgrades and downgrades

The latest rating actions, newest first

WKSP analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Maxim Group	May 15, 2026	Maintains	Buy	$2.50 → $2.00	40%
Maxim Group	Mar 31, 2026	Maintains	Buy	$3.00 → $2.50	40%
Maxim Group	Feb 13, 2026	Maintains	Buy	$5.00 → $3.00	40%

The case for and against

Updated Nov 5, 2025

Bull case

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.

Bear case

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.

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