In a report released today, Michael Shlisky from D.A. Davidson maintained a Hold rating on Nikola (NKLA – Research Report), with a price target of $1.00. The company’s shares closed yesterday at $0.80.
According to TipRanks, Shlisky is an analyst with an average return of -0.5% and a 35.29% success rate. Shlisky covers the Industrial Goods sector, focusing on stocks such as Alamo Group, Deere, and Douglas Dynamics.
Currently, the analyst consensus on Nikola is a Hold with an average price target of $2.40, representing a 200.00% upside. In a report released yesterday, Morgan Stanley also maintained a Hold rating on the stock with a $3.00 price target.
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NKLA market cap is currently $555.3M and has a P/E ratio of -0.47.
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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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