Morgan Stanley analyst Dillon Cumming maintained a Hold rating on Nikola (NKLA – Research Report) today and set a price target of $3.00. The company’s shares closed yesterday at $1.51.
Cumming covers the Industrial Goods sector, focusing on stocks such as Paccar, Agco, and Allison Transmission Holdings. According to TipRanks, Cumming has an average return of -0.4% and a 42.11% success rate on recommended stocks.
Nikola has an analyst consensus of Moderate Buy, with a price target consensus of $4.00.
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The company has a one-year high of $11.87 and a one-year low of $1.35. Currently, Nikola has an average volume of 13.13M.
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Nikola Corporation (NASDAQ:NKLA) focuses on providing zero-emission transportation solutions. It is engaged in manufacturing heavy-duty commercial battery and hydrogen fuel cell vehicles. Meanwhile, through its Energy business, Nikola provides charging and infrastructure support to its vehicles and third-party customers.
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