- The shares of Fisker Inc (NYSE: FSR) have received a price target decrease from $15 to $10 by Goldman Sachs. These are the details.
The shares of Fisker Inc (NYSE: FSR) have received a price target decrease from $15 to $10 by Goldman Sachs. And Goldman Sachs analyst Mark Delaney had downgraded Fisker from a “Neutral” rating to a “Sell” rating.
Delaney pointed out that he is incrementally concerned about Fisker’s late time to market as the competition grows. And Fisker is planning to enter the industry, starting in the fourth quarter of 2022 with the Ocean SUV. Plus Fisker also announced a plan for a unique follow-on vehicle with Foxconn, which could hit the market around the fourth quarter of 2023.
In a research note, Delaney said that he sees the benefits to Fisker’s use out outsource manufacturing but does not consider the model itself to be the main factor of long-term product successes.
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