Nkla Stock Jp Morgan

Morgan says these are the 3 stocks to buy.

Nkla stock jp morgan. Nkla fell 1 2 in premarket trading monday even as j p. Shares of nikola corp. Nkla is currently a story stock. Jp morgan initiates coverage on nikola.

Nikola nasdaq nkla shareholders have received a fresh respite today as the investment banking behemoth jp morgan published a cheerful note expressing optimism that the crucial nikola gm. Nikola reversed from intraday lows and rallied as much as 15 on wednesday after jpmorgan defended the company following a discussion with nikola management. The stock is still down 37 year to date severely underperforming the broader markets. Nikola nkla stock soared 34 on wednesday after jpmorgan turned bullish on the battery and hydrogen electric truck maker.

Q1 earnings were grim. Nonetheless this target is substantially short of the consensus sell. An analyst at jp morgan who initiated coverage on the stock with a neutral rating and a 45 price target. Morgan initiated coverage of the company with a neutral rating and a price target of 45 saying risks are elevated for this prerevenue company and the stock looks fully valued.

Jpmorgan upgraded nikola to overweight on wednesday after the stock fell 57 from its record high to below jpmorgan s price target of 45. After completing its. Notably jp morgan s price target of 45 for nikola shares is based on 30x the 2027 ebitda estimate of around 1 7 billion. To attract a raft of criticism morgan stanley.