MULN Stock: Can it Reach $23.46 by 2024?

Market analysis platform Fintel recently listed the average one-year price target for Mullen Automotive (NASDAQ:MULN) stock as $23.46 per share, which would mean a rise of 15,655% from its current trading price of around 13 cents. However, given the company's struggles, including missed deadlines and economic headwinds, it is highly unlikely that MULN stock will reach anywhere close to $23. Despite some good news, including being on track to fulfill a cargo van delivery order, the company is facing an "increasingly uphill battle" and is in danger of getting delisted from the Nasdaq.