Nikola (NKLA): Buy rating at BTIG: target: $16.00 (previous - | bbno$
Nikola (NKLA): Buy rating at BTIG:
target: $16.00 (previous - $18.00) current price: $10.60 upside: 50.94% rationale: The analyst said that the company's stock drifted lower following comments on the company's quarterly earnings call that management was cutting its 2021 revenue guidance. Lewis added that while 2021 was always going to be a "question mark," bringing a new vehicle to production in a timely manner is difficult, management thinks it has appropriately sourced its supply chain for next year, which should enable a "timely" production ramp through 2022 and into 2023.
