Wedbush Stick to Their Hold Rating for Nikola Corporation

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Wedbush analyst Daniel Ives maintained a Hold rating on Nikola Corporation on Tuesday, setting a price target of $45, which is approximately 6.21% above the present share price of $42.37.

Ives expects Nikola Corporation to post earnings per share (EPS) of -$0.33 for the third quarter of 2020.

The current consensus among 5 TipRanks analysts is for a Moderate Buy rating of shares in Nikola, with an average price target of $54.5.
The analysts price targets range from a high of $79 to a low of $45.

In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $36 thousand and a net profit of -$86.64 million. The company’s market cap is $16.06 billion.

According to TipRanks.com, Wedbush analyst Daniel Ives is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 17.1% and a 60.31% success rate.

VectoIQ Acquisition Corp. is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or similar business combination with one or more businesses. It intends to focus on searching for prospective target businesses to acquire. The company was founded on January 23, 2018 and is headquartered in Mamaroneck, NY.

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