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

Thursday, June 02, 2022 09:50 AM | InvestorsObserver Analysts

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

NKLA, a player in the electric vehicle market, is lower by 1.33% Thursday as it underperforms the market. InvestorsObserver is giving Nikola Corp (NKLA) an Analyst Rating Rank of 14, meaning NKLA is ranked higher by analysts than 14% of stocks. The average price target for NKLA is $11.857 and analyst’s rate the stock as a Buy.

Overall Score - 3.3
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 $6.68 as of 9:45 AM on Thursday, Jun 2, a loss of -$0.09, or -1.33% from the previous closing price of $6.77. The stock has traded between $6.53 and $6.73 so far today. Volume today is light. So far 216,187 shares have traded compared to average volume of 13,090,104 shares. Click Here to get the full Stock Report for Nikola Corp stock.

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