Do Analysts Agree Thursday on Nikola Corporation (NKLA) Stock’s Target price?
Wall Street is positive on Nikola Corporation (NKLA). On average, analysts give Nikola Corporation a Buy rating. The average price target is $25.555, which means analysts expect the stock to climb by 79.46% over the next twelve months.
That average ranking earns Nikola Corporation an Analyst Rating of 30, which is better than 30% of stocks based on data compiled by InvestorsObserver.
Why are Analyst Ratings Important?
Analytical research by professionals can be extremely useful when making investment decisions in the stock market. Analysts are able to observe industries in detail and learn how geographical impacts can affect a company’s balance sheet. This information allows investors to make decisions ahead of the curve.
InvestorsObserver combines the ratings from these analysts and proceeds to percentile rank them. This grants you the ability to compare stocks in a comprehensive fashion as oppossed to a standard buy/hold/sell rating.
What’s Happening With Nikola Corporation Stock Today?
Nikola Corporation (NKLA) stock is down -4.04% while the S&P 500 is up 0.08% as of 12:56 PM on Thursday, Jul 22. NKLA is down -$0.60 from the previous closing price of $14.84 on volume of 2,737,717 shares. Over the past year the S&P 500 is higher by 33.16% while NKLA is down -61.06%. NKLA lost -$1.35 per share the over the last 12 months.
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