Nikola (NKLA, $10.45) shares price target slashed by half by Wedbush analyst
Nikola shares got an almost 50% price target cut from Wedbush analyst Dan Ives.
Ives slashed his price target on the electric truck maker’s shares to $13 from $25.
According to Ives, “much of the Street hype around the Nikola story has been taken out with the slimmed down General Motors partnership (no ownership stake), sunsetting the Badger product line, and toning down general expectations over the next 12 to 18 months.”
The analyst argued that despite Nikola’s potential, there are concerns that the execution and timing of the company’s “ambitious goals” stay on track over the coming years.
Momentum Indicator for NKLAQ turns negative, indicating new downward trend
NKLAQ saw its Momentum Indicator move below the 0 level on October 03, 2025. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 83 similar instances where the indicator turned negative. In of the 83 cases, the stock moved further down in the following days. The odds of a decline are at .
Technical Analysis (Indicators)
Bearish Trend Analysis
NKLAQ moved below its 50-day moving average on October 01, 2025 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where NKLAQ declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
Bullish Trend Analysis
The Moving Average Convergence Divergence (MACD) for NKLAQ just turned positive on September 30, 2025. Looking at past instances where NKLAQ's MACD turned positive, the stock continued to rise in of 37 cases over the following month. The odds of a continued upward trend are .
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General Information
a company which engages in the provision of zero-emissions transportation and infrastructure solutions
Industry TrucksConstructionFarmMachinery
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