Citigroup – EV Stocks Like QuantumScape Are Purple- Sizzling. Few Analysts Comply with Them.
Wall Street is getting more and more bullish about U.S. electric-vehicle stocks—the newest one, QuantumScape, rose by greater than one-third when it hit the market—however there may be cause for warning amid the optimism. There aren’t all that many Wall Street opinions on the market but for buyers to digest.
Citigroup analyst Itay Michaeli made the latest bullish name. He picked up protection of the electric-vehicle maker Fisker (ticker: FSR), calling shares a Purchase and setting a goal of $26 for the stock price.