Nikola Stock Still Worth $40, Says Analyst

While the Nikola (NKLA) story will probably go down as only an anecdote in 2020’s book of earth-shattering developments, it will still make for an interesting chapter.There have been plenty of twists and turns already and the latest development has Nikola pivoting back to its original plan. At least that is what J.P. Morgan analyst Paul Coster thinks.Prior to founder Trevor Milton’s departure, Nikola was meant to close a deal with General Motors. But the auto giant still hasn’t signed on the dotted line, and it is still unclear whether GM will throw its weight behind the development of the …read more

Source:: Yahoo Finance

      

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