Analysts rate Nikola Corp. (NKLA:NSD) with a Strong Buy rating and a $9 target

Deutsche Bank Capital raised the NKLA stock price target to $8.

Based on the Nikola stock forecast from 6 analysts, the average analyst NKLA stock price target is USD 9.14 over the next 12 months. Nikola Corp’s average analyst rating is Strong Buy. Stock Target Advisor’s own stock analysis of Nikola stock forecast is Very Bearish, which is based on 0 positive signals and 3 negative signals. At the last closing, Nikola stock price was USD 5.41Nikola stock price has changed by -0.39% over the past week, -0.81% over the past month and -48.13% over the last year.

About Nikola Corp. (NKLA:NSD):

Nikola Corp. is an American automotive manufacturer. The company provides heavy-duty commercial battery-electric vehicles, fuel-cell electric vehicles, and energy solutions. The company was formerly known as Nikola Motor Company. Nikola Corp. was founded in 2014 and is headquartered in Phoenix Arizona U.S

What we like:

There is nothing we particularly like NKLA stock forecast.

What we don’t like:

Poor risk adjusted returns:

NKLA stock forecast shows that the company is delivering below median risk adjusted returns in its peers. Even if it is outperforming on returns, the returns are unpredictable. Proceed with caution.

High volatility:

Nikola stock forecast shows that the total returns for this company are volatile and above median for its sector over the past 5 years. Make sure you have the risk tolerance for investing in such stock.

Below median dividend returns:

Nikola stock forecast shows that the company’s average income yield over the past 5 years has been low compared to its peers. However, it is not a problem if you are not looking for income.