Why Nikola Stock Is Charging Higher Today
Shares of embattled electric-truck start-up Nikola (NASDAQ: NKLA) were moving higher in early trading on Monday, after a Wall Street analyst said that the company is likely to complete its pending partnership deal with General Motors (NYSE: GM). As of 10 a.m. EDT, Nikola's shares were up about 5.9% from Friday's closing price. In a note released before the markets opened on Monday, J.P. Morgan analyst Paul Coster reiterated his overweight rating on Nikola's shares and his price target of $41.
