Stay updated with breaking news from Nikola analyst. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Share: Nikola Corp (NASDAQ: NKLA) has received an upgrade from Wedbush as most of the “negative catalysts” have played out. The Nikola Analyst: Wedbush analyst Daniel Ives changed his rating to Neutral on Nikola from the previous Underperform and upped the price target to $25 from the earlier $15. The Nikola Thesis: Ives acknowledged that while some hurdles remain for the Phoenix, Arizona-based automaker, a scenario of a more “balanced risk/reward” on the name has emerged looking ahead. “We still believe the company s EV and hydrogen fuel cell ambitions are attainable in the semi-truck market,” Ives wrote in a note. Ives pointed to the completion of Nikola’s prototype trucks in Germany and the build of the Arizona flagship factory as positives and said Wedbush believes that a “strategic hydrogen partnerships could be on the near-term horizon both in the US and across Europe.” ....
(NKLA), General Motors Company (NYSE:GM) - JPMorgan Lowers Nikola Price Target, Sees 'Execution Risk Associated With A Tarnished Brand' benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.