Nikola Upgraded to Overweight by JPM on Potential of Hydrogen Economy
Shares of Nikola are attractive after falling 40 percent in July month-to-date, according to JPMorgan. The firm upgraded the electric trucking company to OVERWEIGHT from NEUTRAL, and reiterated its $45 price target.
Controversial Trucking Company Nikola Scores Bullish Call from Wall Street
Nikola, the auto company with a $23 billion valuation and zero revenue, has won over a new bull on Wall Street. Cowen’s Jeffrey Osborne initiated coverage of Nikola with an OUTPERFORM rating and a price target of $79. The PT is based on 2025 sales.