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Nikola Corp (NKLA) Falls Monday, But Analysts Call It A Buy: Will This Electric Vehicle Stock Take Off?

Monday, November 21, 2022 10:49 AM | InvestorsObserver Analysts

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Nikola Corp (NKLA) Falls Monday, But Analysts Call It A Buy: Will This Electric Vehicle Stock Take Off?

NKLA stock is lower by 6.02% as the electric vehicle stock decreases $0.16 and underperforms the market Wall Street is positive on Nikola Corp (NKLA). On average, analysts give NKLA a Buy rating. The average price target is $7.2, which means analysts expect the stock to gain by 179.07% over the next twelve months. That average ranking earns NKLA an Analyst Rating of 24, which is better than 24% of stocks based on data compiled by InvestorsObserver.

Overall Score - 3.7
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?

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 Corp Stock Today?

Nikola Corp (NKLA) stock is trading at $2.58 as of 10:41 AM on Monday, Nov 21, a decline of -$0.16, or -6.02% from the previous closing price of $2.74. The stock has traded between $2.57 and $2.71 so far today. Volume today is below average. So far 2,316,512 shares have traded compared to average volume of 13,234,407 shares. Click Here to get the full Stock Report for Nikola Corp stock.

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