TD Cowen Maintains Hold on Nikola, Lowers Price Target to $4
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Jeffrey Osborne has maintained a Hold rating on Nikola (NASDAQ:NKLA) but has significantly lowered the price target from $10 to $4.
November 01, 2024 | 6:32 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
TD Cowen has maintained a Hold rating on Nikola but reduced the price target from $10 to $4, indicating a less optimistic outlook.
The significant reduction in the price target from $10 to $4 suggests a negative outlook on Nikola's stock performance. Maintaining a Hold rating indicates that the analyst does not see immediate upside potential, which could lead to downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100