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Technology Stocks : Nikola Corp

NKLA 0.0297

-1.0%

Nov 11 9:30 AM EST

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From: kidl	7/8/2020 7:52:54 AM
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Nikola falls after RBC Capital reins in bullish vibe Jul. 7, 2020 12:41 PM ET\|About: Nikola Corporation (NKLA)\|By: Clark Schultz, SA News Editor Nikola ( NKLA -11.1%) is down sharply after a somewhat coolish appraisal arrives from RBC Capital Markets. The firm starts off coverage with a Sector Perform rating and a price target of $46. Analyst Joseph Spak calls the company more of a business plan at the moment, while noting that demand for zero-emission trucks is expected to grow down the road as government regulations, incentives and corporate sustainability goals factor in. He notes that Nikola is difficult to value and can remain a story stock untethered to traditional valuation and fundamental metrics.

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