Nikola (NKLA – Research Report) received a Hold rating and price target from BTIG analyst Gregory Lewis today. The company’s shares opened today at $1.27.
According to TipRanks, Lewis is an analyst with an average return of -4.4% and a 40.16% success rate. Lewis covers the Industrial Goods sector, focusing on stocks such as Borr Drilling, Kirby, and Scorpio Tankers.
Nikola has an analyst consensus of Hold, with a price target consensus of $3.75, a 195.28% upside from current levels. In a report released on March 28, Morgan Stanley also maintained a Hold rating on the stock with a $3.00 price target.
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The company has a one-year high of $10.88 and a one-year low of $1.35. Currently, Nikola has an average volume of 13.1M.
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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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