What's Going On With Nikola Stock Today?
Portfolio Pulse from Erica Kollmann
Nikola Corporation (NASDAQ:NKLA) shares are trading slightly lower after posting better-than-expected Q2 results. Despite increased vehicle deliveries and a new refueling station, the company issued a going concern warning. DA Davidson lowered the price target from $12 to $10.
August 12, 2024 | 6:36 pm
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NEGATIVE IMPACT
Nikola Corporation's shares are trading lower despite better-than-expected Q2 results and increased vehicle deliveries. The company issued a going concern warning, and DA Davidson lowered the price target from $12 to $10.
The going concern warning significantly impacts investor confidence, overshadowing the positive earnings report and vehicle delivery numbers. The lowered price target by DA Davidson further adds to the negative sentiment.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100