Nikola (NKLA, $50.35) gets rating hike from JP Morgan analyst

Nikola  got a rating upgrade from J.P. Morgan .

Analyst Paul Coster  boosted rating on the hybrid truck design/manufacturing company's shares to overweight from neutral. Coster  affirmed his price target at $45.

According to Coster, after a 40% month-to-date decline in July, the stock is beginning to look attractive for long-term investors ahead of a "number of potential positive catalysts in coming weeks and months."  He is expecting some developments from Nikola such as the announcement of a manufacturing partner for the Badger truck, a hydrogen-fuel station deployment plan for the U.K., and speeding up of implementation plans for the FuelCell Energy   truck in the U.S.

Tickeron says:

NKLA is expected to report earnings to rise 225.00% to -12 cents per share on September 02. The last earnings report on June 03 showed earnings per share of -3 cents, beating the estimate of -7 cents. With 13.51M shares outstanding, the current market capitalization sits at 14.52B.

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Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.