Xos, Inc. (XOS, Financial) reported significant revenue growth in 2024, reaching $56 million, a remarkable improvement from $44.5 million in 2023. Despite Q4 revenue falling to $11.5 million due to seasonal challenges, the company emphasized increased profitability and operational efficiencies. CEO Dakota Semler discussed strategic shifts towards strip chassis deliveries to enhance cash flow, while plans for 2025 forecast revenues between $50.2 million and $65.8 million. Potential tariff impacts on imported components remain a concern.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 4 analysts, the average target price for Xos Inc (XOS, Financial) is $9.75 with a high estimate of $15.00 and a low estimate of $5.00. The average target implies an upside of 183.43% from the current price of $3.44. More detailed estimate data can be found on the Xos Inc (XOS) Forecast page.
Based on the consensus recommendation from 3 brokerage firms, Xos Inc's (XOS, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Xos Inc (XOS, Financial) in one year is $28.14, suggesting a upside of 718.02% from the current price of $3.44. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Xos Inc (XOS) Summary page.
