Wedbush Analyst Slashes Nikola Price Target by Nearly Half

Wedbush Analyst Slashes Nikola Price Target by Nearly Half
Rich Duprey, The Motley Fool
·2 min read

Electric truck maker Nikola (NASDAQ: NKLA) has been stuck in reverse ever since a scandal involving founder Trevor Milton last year caused him and other executives to eventually leave the company. Now Wedbush analyst Dan Ives says the stock is worth almost half of what he previously thought as he lowered his price target on Nikola to $13 per share, 48% below his previous estimate of $25. Nikola's fuel cell powered truck.