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EV Stock Surges 0.14% Monday; What Do Analysts Think The Future Is For Nikola Corp (NKLA)?

Monday, October 03, 2022 10:31 AM | InvestorsObserver Analysts
EV Stock Surges 0.14% Monday; What Do Analysts Think The Future Is For Nikola Corp (NKLA)?

EV stock NKLA is higher by 0.14% Monday. Wall Street is positive on Nikola Corp (NKLA). On average, analysts give the stock a Buy rating. The average price target is $10.071, which means analysts expect the stock to rise by 185.30% over the next twelve months. That average ranking earns the stock an Analyst Rating of 21, which is better than 21% of stocks based on data compiled by InvestorsObserver.

Overall Score - 3.6
Wall Street analysts are rating NKLA a Buy today. Find out what this means to you and get the rest of the rankings on NKLA!

Why are Analyst Ratings Important?

Though analyst projections should not be your only resource when determining your position on a stock, it can be a very useful tool. Analysts follow sectors/industries in-depth and tend to know how local and global conditions tend to affect demand and prices. Many analysts even participate in conference calls where they can get information to better make sense of the numbers. InvestorsObserver averages the ratings provided by analysts and then ranks their score as a percent against the market. This allows you to compare stocks in a more comprehensive fashion than with the typical buy/sell/hold ranking.

What's Happening With Nikola Corp Stock Today?

Nikola Corp (NKLA) stock is trading at $3.53 as of 10:25 AM on Monday, Oct 3, a gain of $0.01, or 0.14% from the previous closing price of $3.52. Volume today is low. So far 2,211,669 shares have traded compared to average volume of 13,553,401 shares. The stock has traded between $3.35 and $3.58 so far today. Click Here to get the full Stock Report for Nikola Corp stock.

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