nikola stock

Currency in USD, Trade prices are not sourced from all markets. A Warner Media Company. It is very important to do your own analysis before making any investment. All rights reserved. Shares of … The content is intended to be used for informational purposes only. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. At a $25 share price, Nikola stock is almost back where it started from, prior to conducting its IPO-by-reverse merger into publicly-traded special purpose acquisition vehicle VectoIQ. All times are ET. Morningstar: © 2019 Morningstar, Inc. All Rights Reserved. Indeed, at least one analyst -- J.P. Morgan's Paul Coster \-- seems to think that Nikola's dramatically lower stock price today gives investors a second bite at this apple.And rating Nikola stock "outperform" with a $41 price target, Coster thinks investors should take that bite. All rights reserved. All Rights Reserved. Factset: FactSet Research Systems Inc.2019. Short Takes: What’s Happening With Take-Back Programs? All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2019 and/or its affiliates. (To watch Coster's track record, click here)Why does Coster think this? All website content is the property of Nikola Corporation and any use, dissemination or republication is prohibited without the written consent of Nikola. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. Even Tesla was selling 22,000 cars by the time it reached that valuation. So instead, Coster urges investors to focus on the "story stock" aspect of the company, and imagine what Nikola might accomplish to make itself worth the $41-a-share that Coster values it at.To begin with, Coster lays out a path in which Nikola moves from zero revenues (and negative earnings) this year to $150 million in revenues (and still no earnings) next year to... $300 million in revenues (and -- you guessed it, no earnings) in 2021 to... suddenly jump ahead and record $10 billion in sales and $1.6 billion in earnings before interest, taxes, depreciation, and amortization (EBITDA) six years later.However, Coster doesn't precisely tell us how he expects Nikola to make this leap. The information on Nikola’s website, inclusive of presentations, press releases, earnings call transcripts, reports, and all other information, may contain forward-looking statements, estimates or projections based on expectations as of the original date of those materials. Many investors found that stock in Nikola (NASDAQ:NKLA) -- a company that claims it's sitting on $10 billion in potential revenue. However, while shares are selling for $24.74, the average price target of $36.40 indicates a potential upside of 47% over the next 12 months. Nikola now has a $19 billion market cap with basically zero revenues. * Retain at least "a few key customers" including AB InBev, who have agreed to lease semi-trucks from Nikola. The stock has 5 recent reviews, breaking down to 2 Buys, 2 Holds, and 1 Sell. Find the latest Nikola Corporation (NKLA) stock quote, history, news and other vital information to help you with your stock trading and investing. * "Consummate" the partnership agreement that it has signed with General Motors, whereby GM will help Nikola to build its proposed "Badger" electric pickup truck. Request processing. ""Conventional valuation techniques," warns the analyst, "probably don't make sense for at least another two years." Nikola Corporation and NIO Ltd. are two relatively new electric vehicle (EV) manufacturing companies operating in the market.While NIO was listed in the NYSE in September 2018, NKLA became public on June 4 th, 2020.Despite being new players, these companies have already garnered significant investor attention, and are giving stiff competition to existing players in the EV market. * And "land a fuel station partner before 2021 year end," so as to establish a hydrogen fueling infrastructure.This last point is actually crucial to the success of Nikola's business plan, because Nikola doesn't actually want to sell customers hydrogen fuel-cell semi-trucks. Problem is -- after approaching that $80 stock price in June, Nikola has come just about full circle. On the one hand, yes, Coster admits that "NKLA stock trades on very high multiples of distant-future revenue and EBITDA." The stock information provided is for informational purposes only and is not intended for trading purposes. But he does identify several points that would prevent Nikola from getting where he hopes it is going. All content was current only as of the date originally presented. These risks and uncertainties are detailed in our reports filed with the Securities and Exchange Commission. © 2020 Verizon Media. The stock information is provided by a third party service, and Nikola does not maintain or provide information directly to this service. For that to work, Nikola obviously needs to be able to provide the necessary fuel -- and for that it must have an infrastructure in place.If there's one single factor to watch, which would totally disrupt J.P. Morgan's buy thesis on this company and turn Nikola stock from a buy into a sell -- it would be the last one.Overall, NKLA gets a Hold from the analyst consensus – Wall Street is inclined toward caution here, where J.P. Morgan is willing to take a risk. Flipping these factors around, it would appear that for Coster's buy thesis to play out in full, Nikola will need to: * "Hit production and other key milestones."

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