Fisker Inc. (FSR:NSD) Analysts cut targets on Valuation/Concerns

Analyst Coverage Change

STA Research(Rank#277) maintained the “Speculative Buy” rating on the Fisker Inc. and cut the 12 month target price on the stock to USD 9 from USD 13, as of January 25th, 2023.

Morgan Stanley & Co.(Rank#1) maintained their “Underweight” rating on the stock.  The analyst reduced their 12 month target price to USD 4 from USD 8, based on their concerns over the EV automaker.

Fisker Inc. Stock Forecast & Analysis

Fisker Inc: According to the forecasts from 8 analysts, the average target price for Fisker Inc’s stock over the next 12 months is USD 12.15. The average analyst rating for the company is “Buy,” indicating that the majority of analysts believe that the stock is a good investment.

Stock Target Advisor’s analysis rates Fisker Inc as “Very Bearish,” based on 0 positive signals and 9 negative signals. The statement also provides information about the current stock price, which is USD 7.30. Additionally, it indicates that the stock price has changed by -0.68% over the past week, +1.53% over the past month, and -38.86% over the last year. This suggests that the stock price has been fluctuating but has decreased over the past year.

About Fisker Inc.

Fisker Inc is an American automotive company that designs and manufactures luxury electric vehicles (EVs). The company was founded in 2016 by Henrik Fisker, a Danish automotive designer and entrepreneur, who is known for his work on the BMW Z8 and Aston Martin DB9. The company’s first vehicle, the Fisker Ocean, is a luxury SUV that is expected to be available for purchase in 2022. Fisker Inc plans to produce electric cars that are not only environmentally friendly but also luxurious, and aims to disrupt the traditional automotive industry by offering a new form of sustainable mobility. The company has raised significant capital through private funding and went public through a SPAC merger in October 2021. Its stock is currently publicly traded on NASDAQ with ticker symbol FSR.

 

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