Analyst Scott Buck from H.C. Wainwright maintained a Buy rating on Worksport and keeping the price target at $11.50.
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Scott Buck has given his Buy rating due to a combination of factors, including robust growth trends and improving profitability metrics. He highlights that while 2025 sales came in modestly below his prior forecast, Worksport still delivered strong year-over-year revenue expansion and a substantial improvement in gross margins, demonstrating early but meaningful operating leverage.
He also emphasizes the upside from scaling the legacy tonneau cover line alongside the ramp of new clean energy offerings, such as the SOLIS solar cover, COR portable energy system, and potential Aetherlux Heat Pump monetization. In his view, these drivers should more than double revenue in 2026, move adjusted EBITDA toward breakeven, and narrow the gap between the company’s operational progress and a share price that has significantly underperformed the small-cap benchmark, supporting his unchanged $11.50 target and Buy stance.
In another report released on February 13, Maxim Group also maintained a Buy rating on the stock with a $3.00 price target.